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

To: haler who wrote (341)	1/4/1998 9:41:00 PM
From: Valueman	Read Replies (1) \| Respond to of 2693

Haler: Your cost numbers are a bit off. Total G* cost is $2.86 billion while Iridium total cost is $4.41 billion. Not half, but still significantly cheaper.

To: haler who wrote (341)	1/4/1998 10:02:00 PM
From: haler	Read Replies (1) \| Respond to of 2693

I went from my memory, but I believe the costs of Iridium to be more then double Globalstar, I don't have my records handy. I did buy Iridium on it's IPO at $22.50 and had all the facts on both, I* and G*. One thing that I'm still not clear on is what is the reason for the recent Iridium increasing their borrowing for $1,000,000,000. Is there some cost increase unannounced, or is this for administrative and marketing? Larry or Dan can you shed some light on this? Thx, Hale