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To: A.L. Reagan who wrote (10536)	3/6/2000 7:06:00 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 29987

Iridium auction of furniture, fixtures and equipment nets 200K$ offer and Irid seeks court approval to sell same to liquidator; proceeds to go to directly to Chase. Also court approved 4th stipulation at ecf.nysb.uscourts.gov This train wreck is picking up speed....

To: A.L. Reagan who wrote (10536)	3/6/2000 8:09:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 29987

Reagan, There is a lot there and I guess I do not disagree with everything you said but here are two items perhaps~ The demand for the service is fairly inelastic - one either needs it or one doesn't. I think it is elastic, just as cell phone usage was. Many people years ago thought they did not NEED cell phones because it was SOO EXPENSIVE. Since costs have dropped dramatically over the years, everyone NEEDS one. I think GSTRF sat phones will be the same. I am a perfect example, sure I could afford it and it would be nice, but $1500 for the phone then the high PM charges, uuhh, sorry don't need it that much right now. But as soon as overall pricing comes down, then a lot more people will buy. "Supply creates its own Demand" ~ Say's Law )So, in all probability we are looking at one carrier only for two years. Isn't Imersat (sp) out there? Also, the debt service demands that we ramp up fairly quickly, WS knows this and thus they are waiting for Subs and MOU before anything happens. Thanks for your comments! MileHigh/Long~~ #3 Holding believe it or not

To: A.L. Reagan who wrote (10536)	3/6/2000 10:53:00 PM
From: Ilaine	Respond to of 29987

>>seems to me that all the advances in terrestrial high speed data transmission and switching technologies will probably obsolete a proprietary satellite data business by the time it gets fully cranked (in much the same way land-based cellular has diminished the market for sat voice).<< Interesting. How do you propose for the signals to get from A to B? There's wire, there's fiber, there's radio by tower, there's radio by satellite. What else? It's all "line of sight" or some type of wire or fiber, isn't it? How do you propose for the signals to get transmitted otherwise?