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

To: Tech Bull who wrote (532)	3/30/1998 6:18:00 PM
From: Larry L	Read Replies (1) \| Respond to of 2693

To all: Iridium just keeps on rolling. I certainly hope that everyone is correct about the price appreciation in anticipation of a launch. WASHINGTON, March 30 /PRNewswire/ -- The next seven Iridium satellites will be placed into orbit on a Proton rocket. These satellites will be part of the Iridium 66-satellite network. This launch is the last of three scheduled Iridium System Proton launches to take place in the Republic of Kazakhstan. This launch is the thirteenth in eleven months, bringing the total of operational satellites on orbit to 63 of the planned 66-satellite constellation. WHERE: Baikonur Cosmodrome in the Republic of Kazakhstan-Launch Complex-18 WHEN: April 2, 1998 at 8:41:13 a.m. Baikonur time, or 9:41:13 p.m. EST on April 1, 1998. BACKGROUND: 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. Service introduction is planned for September 1998. COMPANIES: Iridium LLC is an international consortium of leading telecommunications and industrial companies funding the development and implementation of the Iridium System. Designed and built by Motorola's Satellite Communications Group based in Chandler, Arizona, USA, the seven Iridium System satellites will be carried into orbit on a Proton rocket. Motorola, Inc. is one of the world's leading providers of electronics equipment, systems, components and services for worldwide markets. Products include two-way radios, pagers and telepoint systems, cellular electronics, automotive and industrial electronics, computers, data communications, and information processing and handling equipment.