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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: deeno who wrote (5328)11/17/2000 12:16:11 PM
From: Bernard Levy  Read Replies (1) | Respond to of 5853
 
I do not follow the G* debt, but I understand it trades
at something like 20 cents on the $, and in any
restructuring of G*, it is likely to be converted
in equity and be worth something. Remember that
unlike Iridium, G* is actually a well
engineered system. What is killing the
company is its huge debt, but at the right price
(requires cooperation from the wireless service providers
marketing G*) G* should be very popular.


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