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

To: SteveG who wrote (1359)	2/22/1999 11:47:00 AM
From: djane	Read Replies (2) \| Respond to of 2693

briefing.com. Iridium World Communications (IRIDF) 24 1/2 -2 13/16: CE Unterberg Towbin reiterates "buy" rating on mobile telephony systems company after stock falls on Friday on rumors that company will not meet bank covenants; does not believe that company is in any danger of foreclosure and thinks long-term picture is intact; cautious about how fast demand will actually build in the short-term; expects 210,000 subscribers by year-end, compared to company goal of 500,000 to 600,000 subscribers..... 10:00 -- 11:00 ET (Updated throughout the hour)******