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

To: Mr. Proofsheet who wrote (417)	2/26/1998 5:07:00 PM
From: Larry L	Respond to of 2693

The last time that we were this high the stock hit $54. Merrill Lynch then downgraded I* in October 1997 because that was their year ending 1998 price projection. Then, of course the market as a whole dropped and I* dropped as low as sub-$31. Beware of what Merrill Lynch might do this time.

To: Mr. Proofsheet who wrote (417)	2/26/1998 5:11:00 PM
From: Phil Jacobson	Respond to of 2693

Re: whether to sell now... I'm a trader by nature and hold 33 long positions. Exactly 5 are positions I know I'll be holding in 6 months no matter what happens in the general market. IRIDF and GSTRF are two of these (the others are TGNT, IIXC, and APCO). The valuations are currently growing on anticipation and successful development - imagine what will happen once they start their service and the general public first hears of them. These are killer stocks and you're lucky to have gotten in at the ground level. Most of the rest of the world has no idea who they are. Put them in a separate account if you have to. These have the potential to make you feel like you bought MSFT in 1995. I just wish that I bought more IRIDF at 41 while I had the chance. Got one or two dogs that I need to take out back and shoot in the next few days. Will probably take the cash and increase my position in at least one of these. Phil

To: Mr. Proofsheet who wrote (417)	2/26/1998 6:03:00 PM
From: Nero	Read Replies (1) \| Respond to of 2693

I'm in at 33 just 5 or 6 weeks ago. I agree with others here. I think IRIDF is a hold. It is rising purely on high expectations now of dominating what is promising to be a worldwide communications utility. Earnings -- or losses for IRIDF in FY98 -- carry no weight here. It is the pure concept that has investors' pulses quickening. There is no way to empirically value IRIDF. Its potential is limitless. So, even in this thin air the upside is huge. Momentum is building. Hold on and enjoy the ride. nero

To: Mr. Proofsheet who wrote (417)	3/8/1998 4:47:00 PM
From: Phil Jacobson	Read Replies (1) \| Respond to of 2693

All, Wanted to ask if anyone has any thoughts about potential trouble re: MOT. I did something on Friday that I swore I wouldn't do and sold IRIDF, taking the profits off the table. I need to see if there's any delayed reaction to MOT's situation. I'm concerned not only from a funding standpoint but from a simple fact that MOT's management is doing so poorly and their decision may be totally warped for the next several months in ensure their jobs are saved. MOT can't execute its way out of the proverbial paper bag right now, and they're even having terrible product performance issues. Probably should have used covered calls but I didn't think of it at the time. I know IRIDF is managed completely independent from MOT, but there are all sorts of ways the largest owner can screw things up when their core business is on the line. My take is that the upward price action was due to general enthusiasm from last week's conference, but that the stock may dip several points this week and that if it does it would probably be sustained for a long time. However, if it continues to increase I'll probably get back in. BTW, after I sold CNBC mentioned something about IRIDF and possible demand issues. They didn't reference their sources, as usual. The stock was unaffected. Looking for opinions on the issues raised here...thanks. Phil