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

To: steve oswald who wrote (1423)3/4/1999 5:44:00 PM
From: Maurice Winn  Read Replies (1) | Respond to of 2693
 
It's dawned on shareholders that billions and trillions of $$$ aren't going to be rained down on anyone who contrives to launch some satellites into space. There will be lots of competition. There will be winner and losers. Not all satellites are created equal. [Neither are humans but let's leave that fantasy for now].

//why has iridum, globalstar and ico global comm. dropped so much in the last 6 months?//



To: steve oswald who wrote (1423)3/5/1999 8:12:00 AM
From: CMon  Respond to of 2693
 
Better question:

Why does a company in negotiations with banks to restructure $800MM in debt and with several junk issues totaling around $1.5B yielding over 20% to maturity still carry an equity market cap of nearly $3 billion?


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