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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (37957)	6/8/1999 9:25:00 AM
From: Michael T Currie	Read Replies (1) \| Respond to of 122087

<IRID> On top of their already massive problems, IRID has just added another. Adding to my short position today, I think. Washington, June 7 (Bloomberg) -- Iridium LLC, which runs the first global satellite-based telephone network, delayed a satellite launch in China because of undisclosed launch-vehicle problems and weather conditions, said Iridium spokeswoman Michelle Lyle, online publication www.satellitetoday.com reported. The launch, intended to place two spare satellites in orbit, was rescheduled for Wednesday. The postponement of the launch of the China Great Wall Industry Corp. Long March 2C/SC satellite is the second for Iridium; a maintenance launch was delayed indefinitely in March because of unspecified technical problems, the publication reported. On May 28, Iridium said it received a one-month extension from banks to meet their conditions on $800 million in loans, just hours before a default. (6/7 www.satellitetoday.com) Jun/07/ 99 18:55 (C) Copyright 1999 Bloomberg L.P.