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

To: Jeff Vayda who wrote (1111)	11/24/1998 4:44:00 PM
From: ccryder	Read Replies (1) \| Respond to of 2693

P.S. Next G* launch has slid to late December. "All I want for Christmas is my Globalstar launches..." I didn't find anything about this in my copy of Space News Nov 23-29, 1998. Is there another published report somewhere. I'm skeptical of unpublished news regarding launches but a slip would not surprise me. Not even disappoint me much.

To: Jeff Vayda who wrote (1111)	11/25/1998 11:55:00 AM
From: Drew Williams	Read Replies (2) \| Respond to of 2693

Jeff, I would be real surprised if Mqurice ever said it was bad for things to be expensive. As you said, it is only bad for a company to have $15,000 products if there are equivalent (key word) $3,000 products available from your competition. Right now, Iridium has no direct competition, so it is OK for their products to cost a lot, although at these prices their customer base is likely to stay rather small. A lower price may broaden and expand their market so they make more money. But figuring out stuff like that is what they hire MBA's for. Once Globalstar is up and running at some small percentage of Iridium's price, then Iridium may have a problem. Perhaps, although I doubt it, Iridium may need to cut its prices to the point where their financial future is threatened. Until then, as Mqurice would say, no worries. (And actually, from my point of view, the only worry I have is when Globalstar's constellation will actually be in the air and functional.)