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


To: 90L43G6 who wrote (537)4/1/1998 2:25:00 PM
From: Sowbug  Read Replies (1) | Respond to of 2693
 
Just mentioned on CNBC. Points made:

ComSat has only 20,000 subscribers.
Iridium phone call will be $6.50/min.
Globalstar (sp?) will be $1.00/min.

Will anyone buy into these services? (CNBC's question).

Investors seem to buy on launches, not on fundamentals.