Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (38982)	8/14/1999 8:29:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116894

What's going on here? MOT [Motorola] closed up 5-1/4 points today. Same day Iridium declared Chapter 11 bankruptcy, after defaulting on $1.5 billion. MOT owns 18 percent of Iridium, and guaranteed $800 million note. Iridium, provides phone service through a network of 66 satellites. Is supposed to be one of government's Y2K back-up communication systems. Are They running up these stocks before the next big decline? Will Institutional investors exit and leave "Joe six-pack" holding the bag? [J6P is the term Wall Street uses for the little guys.]