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To: ccryder who wrote (10022)2/10/2000 1:34:00 AM
From: Rocket Scientist  Read Replies (1) | Respond to of 29987
 
Well, by one very interesting metric, McC is offering exactly the market price for Iridium. Consider:

G* will provide 10B call minutes per year for 10 years and has a market cap implied by GSTRF stock price of 10B$. Thus 10 call minutes = 1$ of market cap

Iridium is said to have a capacity of 1.5Bcall minutes per year and has a remaining useful life of about 4 years, for a total available capacity of 6B call minutes. McCaw's offer of 600M$ equates to exactly 1$ per 10 call minutes. Coincidence? Maybe...or perhaps numerology, but interesting, no?



To: ccryder who wrote (10022)2/10/2000 8:41:00 AM
From: Sawtooth  Respond to of 29987
 
A repeat of my previous question. Is there any (feasible and probable) way that the McGaw purchase of the Irid and ICO assets can become at least the initial foundation of Teledesic? I understand that the Irid sats are not CDMA and not designed for data; still, is there another angle here?

TIA.

......VVVVVVVVVVV


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