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


To: A.L. Reagan who wrote (2571)3/4/2000 10:31:00 AM
From: Thomas Walker  Read Replies (1) | Respond to of 2693
 
I'm really glad that I never invested in this company. I'm not sure if they were dead because the overestimated the market size or when global GSM roaming hit the map.

As for what to do with them, my idea was to sell rights to blow the satellites up. That would give countries developing anti-satellite weapons some target practice. I wonder how much they could get for each of them.

If anyone is really wondering, no, I'm not serious.



To: A.L. Reagan who wrote (2571)3/7/2000 5:18:00 PM
From: Ilaine  Read Replies (1) | Respond to of 2693
 
Post about ICO and McCaw from the ICO thread -

Message 13097250

The article also contained a little info on Iridium - $5 million in interim financing provided by Eagle River and Motorola ran out March 6. Motorola has not been paid for its services since Iridium entered bankruptcy and is not committed to operate the fleet beyond March 6. Motorola officials have said in the past that the company would invest further in Iridium only if an outside investor takes a substantial stake in the satellite company. Spokesmen for the companies declined to comment further.