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

To: SirAlexx who wrote (387)	2/1/1998 12:13:00 PM
From: Captain Nemo	Read Replies (1) \| Respond to of 2693

IRIDIUM LAUNCH POSTPONED (Washington, D.C. - Feb. 1, 1998) Due to unfavorable upper level winds, the launch of five IRIDIUM satellites by a Delta II rocket has been postponed. A new launch date will be made available upon further assessment of weather conditions. Iridium LLC is developing and commercializing a global wireless communications network that will combine the worldwide reach of 66 low-earth-orbit satellites with land-based wireless systems to enable subscribers to communicate using handheld telephones and pagers virtually anywhere in the world with service introduction planned for 1998. Iridium World Communications, Ltd. (NASDAQ: IRIDF), is the public investment vehicle of Iridium LLC. Motorola's Satellite Communications Group is the prime contractor for the IRIDIUM system. The IRIDIUM system is owned by Iridium LLC, an international consortium of 20 investor organizations representing leading telecommunications and industrial companies worldwide. WEATHER DELAYS IRIDIUM LAUNCH (Washington, D.C. - Jan. 31, 1998) Due to unfavorable weather conditions, the launch of five IRIDIUM satellites by a Delta II rocket has been postponed. A new launch attempt will be made tomorrow, February 1, 1998. The Delta II is scheduled to lift-off at 7:33 a.m. PST (10:33 a.m. EST) from Space Launch Complex-2 at Vandenberg Air Force Base in California. Iridium LLC is developing and commercializing a global wireless communications network that will combine the worldwide reach of 66 low-earth-orbit satellites with land-based wireless systems to enable subscribers to communicate using handheld telephones and pagers virtually anywhere in the world with service introduction planned for 1998. Motorola's Satellite Communications Group is the prime contractor for the IRIDIUM system. The IRIDIUM system is owned by Iridium LLC, an international consortium of 20 investor organizations representing leading telecommunications and industrial companies worldwide. Iridium World Communications, Ltd. (NASDAQ: IRIDF), is the public investment vehicle of Iridium LLC.