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

To: Bill Holtzman who wrote (2482)	9/27/1999 7:42:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 2693

<<Has anyone heard anything about Teledesic taking an interest in Iridium? >> Bill: The only thing I've seen today are several articles along this line: Message 11373083 .....''Despite current conditions in the satellite communications market, Teledesic is in an enviable position,' Owens said. ''We have money in the bank. We have the time necessary to evaluate opportunities created by the unfortunate difficulties of others. We have investors with long-term vision. And above all, we have the hands-on commitment and proven track record of Craig McCaw.' McCaw is Teledesic's chairman and co-CEO......

To: Bill Holtzman who wrote (2482)	10/8/1999 9:27:00 AM
From: Count	Read Replies (1) \| Respond to of 2693

Word here in FL (MOT) is that talks are underway with an expected buyout for pennies on the dollar. Teledesic can jump start their plans with an up and running system who's satelites will last for about five years. That is the anticipated time when Teledesic would be launching their own, which appears to be a good fit. MOT can't keep this drain on their main business very long without disproportionate damage. Stay tuned. Glenn