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

To: Jeff Vayda who wrote (1009)	8/18/1998 12:36:00 PM
From: Jim Parkinson	Read Replies (1) \| Respond to of 2693

I too pop over here but I also own some shares because I think it is currently way undervalued. With only 12mil shs outstanding, it could go up faster than it came down which I think it will before y.e. I am told that their software testing is now well on track and that entire system will be turned on and tested next week. They have been working day & night, vacations cancelled, etc., in an all out effort to make the 9/23 date. If they miss it, it won't be by much. Once it is launched the question of demand will be answered to the benefit of both I* & G. I think the I system will work fine but, agree that long term G* is the better play due a variety of reasons mentioned here and on the G/L boards - -+2 billion cheaper, broader mrkt, lower breakeven, cheaper calls, bent pipe (tech on the ground), CDMA, etc.