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


To: Valueman who wrote (1126)11/30/1998 9:11:00 AM
From: Jeff Vayda  Respond to of 2693
 
Vman:

Given current market rates, $500 mill is about right for 2 launches a year and the sats and support. Maybe the contract allows for not building and launching and that is where Mot hoped to pull in some profit. Then again maybe they planned to not make money on the sats, but on the phones.

Jeff Vayda