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

To: Dennis R. Duke who wrote (1350)	2/19/1999 1:45:00 PM
From: Larry L	Respond to of 2693

To all: One of the announcements that we have all been waiting for: WASHINGTON--(BUSINESS WIRE)--Feb. 19, 1999--Iridium LLC (NASDAQ: IRIDF) today announced that it has approved Kyocera Corporation's hand-held satellite phones for commercial use with the Iridium satellite network, thereby clearing Kyocera to begin volume distribution of its single-mode satellite phones, dual-mode adapters and terrestrial cellular phones. Although Iridium began commercial service on November 1, 1998, introduction of the Kyocera handsets was deferred while the company addressed software issues in the handsets. Now that the phones meet Iridium specifications, Kyocera is able to begin distribution to a waiting list of Iridium customers around the world. Both single mode satellite phones and dual mode satellite adapters will be available for use with the Iridium World Satellite Service, providing customers the ability to make and receive calls anywhere on Earth. In addition, Kyocera's AMPS, GSM 900 and PDC terrestrial cellular phones will be available for use with the dual mode handsets, enabling customers to use the Iridium World Roaming Service when they are in urban areas with cellular coverage. Kyocera, a supplier of ceramic integrated circuit packages, electronic components and electronic equipment, is one of Japan's leading cellular telephone manufacturers. Kyocera is also an investor in Nippon Iridium Corporation. Iridium LLC became the world's first global satellite phone and paging company on November 1, 1998. The network of 66-low earth orbitin g satellites, combined with terrestrial cellular systems, enables subscribers to communicate virtually anywhere in the world using one phone and pager, one phone number, and receiving one monthly bill. Customers access participating local cellular networks when available, and the Iridium satellite network when outside terrestrial cellular coverage. Iridium World Communications, Ltd. (NASDAQ: IRIDF) is the public investment vehicle of Iridium LL