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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (48006)	6/18/1999 11:57:00 AM
From: MythMan	Read Replies (1) \| Respond to of 86076

that debacle has been ignored. MOT has gone up as Iridium has gone down. Amazing actually. NYSE keeping up with the Naz on volume today.

To: wlheatmoon who wrote (48006)	6/18/1999 12:41:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 86076

IRID has 19.76 million shares if MOT owns 30% they own 5.928 mil shares Irid was at an average of 42 over the past 3 years so if it has declined by 35 bucks to 7 that is 35*5.928 million= or 207 million. Mot has a market cap of 55 billion, so 207 is a small part of 55 billion, I'm sure Mot did not pay 42 for IRID, maybe Myth or Mohan or someone could comment about the accounting implications of how MOT would write of IRID and IRID may not be dead, I don't know about that.