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Technology Stocks : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (2077)	6/25/1999 3:13:00 AM
From: Marty Rubin	Read Replies (1) \| Respond to of 2693

BUSINESSWEEK: JULY 5, 1999 ISSUE (came out Thursday night --Marty) IN BUSINESS THIS WEEK Headliner Iridium Changes Its Numbers Iridium is trying a new line. On June 21, the embattled satellite phone company announced a new price-slashing strategy to help boost flagging sales of its 8-month-old service. Iridium will also shift its focus from marketing to global business travelers to industrial customers, such as oil-rig workers, who have a demonstrated need for the global calling service. Iridium, which has been in technical default on $800 million in credit, expects to come up with a new financial workout plan with investors and lenders by early July. Copyright 1999 The McGraw-Hill Companies, Inc. All rights reserved.

To: Sr K who wrote (2077)	6/25/1999 10:33:00 AM
From: Truc Hoang	Read Replies (1) \| Respond to of 2693

> <<It is so unusual for>> shorts to know how many shares are > outstanding and longs to believe what they read. You lost me. What is the message? Based on today's morning trading pattern, yesterday looks like a spike which is based on some good news and some medium quantity of day tradings by individuals and by firms. This pattern looks similar to GERN and EGHT except that when they really spike, their volume on that day is much more over half of the total number of share. Then they start to settle down the next few days until they hit some base. IRID spiked yesterday with smaller volume than a stock that get day trading thus I have a difficult time understand the pattern. I am long on all three stocks but all three stocks are being played on at times by day traders and thus generate the hard to stomach, incredible volatility.