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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Rob Prickett who wrote (1836)5/27/1999 3:45:00 PM
From: Bob Rudd  Read Replies (2) of 2693
 
From the Q page 29 "The satellite components of the space system contract are being depreciated over the five-year estimated life of the satellites."
And, from the risk factors in the Q [Page 13 of 22 pages of risk factors]
"Iridium's business plan currently assumes that each of the
satellites will have an average useful life of at least five years
from its initial date of commercial service. Iridium's satellites
may not, however, remain in operation for an average of at least
five years as Iridium expects."

Maybe the 5 year estimate is conservative and they really last 7 years on average, but it doesn't look like they're gonna last decades. Matters not whether they burn up in the atmosphere or stay up if they don't work.
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