Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Daniel Chisholm who wrote (9295)	6/1/1999 10:38:00 AM
From: Marconi	Read Replies (1) of 18998

Hello Mr. Chisholm: IRID Re:Iridium satellites have a planned life of 5 years and then they need replacement. I am repeating something I read recently on the internet. I think it was a news story. The 5 year life really stuck in my mind as being a strikingly short time. My guess was that Iridium had some reason which I did not understand for replenishing satellites so quickly. My guess was that they launched limited capability and hence cheaper satellites to get a ring started, get cash from customers to justify a business, and then tailor the satellites to an what could be expanded as a business. An ambitious notion--but that was my supposition from the circumstances. It also could be someone getting the number wrong. Maybe the life should have been 15 years, although that is a little on the long side. I have the impression the satellites were in relatively low orbit, too. I'll check news stories and see if I can find a link. It will have to be a quick check, though. I am sorry I do not have a better recollection. It certainly made for a striking situation. Best regards, m

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