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To: JohnG who wrote (38012)	8/14/1999 11:45:00 AM
From: Valueman	Read Replies (2) \| Respond to of 152472

Forgive all of Iridium's debt, slash the maintenance contract with MOT(that was $500 million/year), etc., and it still dies. The unfortunate artifact of doing a system with intersatellite links is that the constellation must stay full. The ex-CEO warned that they expected 1 satellite death every 2 months(6 new sats launched per year). Launches aren't free. Satellites aren't free. Remember too that the first sats were launched well over 2 years ago. Sat life is 5 years. It will be replacement time soon. Add on the fact that nobody wants to do business with a bankrupt company, that the gateway operators are equity holders now holding worthless paper(I forgot to buy one share and get the certificate to frame for my wall), that nobody was selling the service BEFORE they went bankrupt, that MOT/Kyocera can't manufacture phones that nobody buys indefinitely, etc., etc. etc.---the death spiral has entered the acceleration phase. Oh, one more thing--G* begins service this fall. G*, Iridium's Death Star!!!