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To: Mr. Adrenaline who wrote (1622)	8/6/1998 12:21:00 PM
From: Jeff Vayda	Respond to of 29987

Mr. A and all. Heard on CNBC last night a guy say he was still bullish. His reasoning was that even though money was being pulled out of the market right now, it was not all going into bonds. In addition, the flow of new money into the market was not slowing. As a result, all those fund managers would be swamped in cash in no time. The funds were being rotated and they would have to flow back into the market. G* and Loral have been bashed beyond reason. Cooler heads will prevail and they will begin an upward track which should coincide nicely with the launches/system start/profitability due this quarter and next. A quick look at the share prices this AM - might be starting already. Jeff Vayda

To: Mr. Adrenaline who wrote (1622)	8/6/1998 12:23:00 PM
From: Jeff Vayda	Read Replies (1) \| Respond to of 29987

All: just some I* pricing in New Zealand of all places! Not too many people to sell to, how about some sheep? Maurice, what's the local exchange rate? Still sounds expensive even in Kiwi tender. Jeff Vayda cnnfn.news-real.com Iridium bringing satellite cellphone services to NZ The Dominion SATELLITE phone company Iridium South Pacific aims to sell 2500 satellite phones in the New Zealand market by the end of next year. Tim Herring, Iridium South Pacific's Melbourne-based marketing and sales director, says the company also expects traffic to be between 1.5 and 2 million minutes a year by then. In Auckland last week, Mr Herring says Telecom is an official sales agent for the product, which will be launched in the market soon, and negotiations are underway with BellSouth as well for a roaming agreement. Contracts with BellSouth are still to be signed. Under the roaming agreement, customers will use either BellSouth or Telecom's networks where there is coverage, and Iridium's outside coverage zones. Iridium offers a global network provided by 66 satellites and its access number 8816 "is like that of a country", says Mr Herring. "We are talking about 'planet Iridium' or 'country Iridium' because you dial the international access code then our number." An international directory service for Iridium customers is being set up. Customers who wish to use the Iridium service will be required to buy a satellite phone for about $6000, and the charges will be on either Telecom or BellSouth's bills. The phone has a facility which allows customers to insert a a smartcard for cellular network identification. Mr Herring says pricing for New Zealand is still be finalised but he expects it to be about A$5 (NZ$6) a minute, though customers who sign up for a monthly access fee of $90 a month may expect to pay about $3.50 a minute. Prices for New Zealand will be set by Telecom, he says. He says a retail network is still being finalised for Iridium phones but he expects it to be Telecom's top mobile dealers and network integrators. While no phones have been sold in New Zealand yet, Mr Herring says interest is high. Iridium is targeting export companies and the international "travelling small-businessperson". (Copyright 1998) _____via IntellX_____