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To: Rajala who wrote (6201)7/28/1999 2:41:00 PM
From: Rocket Scientist  Read Replies (1) | Respond to of 29987
 
Rajala, your comparison is flawed on numerous counts.

First the 1M subs for G* is at end of 15months service; the 15K actual for Irid at end of 1Q99 was after less than 5 months service.

More important, the 15K subs were acquired with only one phone design (MOTs), critical parts of which weren't available or working properly, lousy service provider/distribution channels, and at prices 2-3 higher than G*s for the minutes and handsets. In retrospect, it's amazing Irid was able to get as many as 15K subs in such circumstances, demonstrating there are indeed people desperate for sat phone service.



To: Rajala who wrote (6201)7/28/1999 2:43:00 PM
From: SKIP PAUL  Respond to of 29987
 
G* being 66 x superior than I*?

Rajala,

No not 66x anything. It either works or it doesn't. I* as a company so far has not worked.



To: Rajala who wrote (6201)7/28/1999 3:32:00 PM
From: Jon Koplik  Read Replies (2) | Respond to of 29987
 
Iridium (now) is like Eastern Airlines (before its demise) when it (EAL) was saddled with massive (high interest rate) debt at a time when its competitors did not have much debt.

Iridium's capital structure should kill them. It's too bad; but it IS the way the (financial) world works.

Jon.