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To: Joe Brown who wrote (3449)	3/16/1999 11:45:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

Jack, don't feel guilty about honest enthusiasm. That's great! Even if wrong. It's part of being honest and enjoying what you're doing. Emotions should be in investing. But brains should always remain firmly in charge. Thanks for the compliments - but it is mostly self-interest I suppose. I think we're all in it together, so we better play nice when we can. If hagfish come biting though, there is no choice but to slice their heads off. Which I'm happy to do. Then the other hagfish might play nicely too. The thing to do now is not panic and make another mistake. The capital is spent, the satellites are up and they are stuck there until they die, so it's a matter of making the best of it. The worst case is that the cost of debt and operating costs exceed the possible revenue. But maybe things are way better than that. Better do some quick sums! Let's hope ICO cancels. Best wishes, and thanks for the reports on your handset, which I appreciated. Maurice

To: Joe Brown who wrote (3449)	3/16/1999 11:59:00 PM
From: Rocket Scientist	Respond to of 29987

Well, I still hope that the rumors of Iridium's death are premature. Though I don't hold the stock, nor know the details of it's financials, I believe it's demise would be bad for the Satcoms in general, including Loral and G, which I do have a personal stake in. Besides, I don't understand why Iridium's product wouldn't be attractive to a large number of corporate, gov't and NGOs. Iridium should be marketing it's product as a business tool, not some high end HDTV or Pentium III computer that early adapters will pay anything to get their hands on. Large organisations with physical and human assets outside the range of cell phones should find Iridium attractive at a cost that provides a reasonable profit to handset manufacturer and service provider, for sure now, and even for some years after G service is launched, because in principle it's globally ubiquitus and (more or less) independent of terrestrial lines. The anecdotal stories of lack of sales in the Ginza or through the Neiman Marcus catologue wouldn't bother me if Iridium had an understandable marketing plan that focused on a target market that really needed and could afford its service. Well probably it does, or will before it's too late. Finally, I can't believe that Motorola will let Iridium go South, because it needs the investment community to back Teledesic. So, in short, don't give up hope Jack Morgan and other Iridium longs. Best wishes, RS

To: Joe Brown who wrote (3449)	3/17/1999 11:50:00 PM
From: JMD	Read Replies (1) \| Respond to of 29987

Jack, that was one heck of a post back to Maurice. M was indeed gracious, as you thoroughly acknowledged, but M is that kind of guy, and I was not in the least surprised. It takes REAL grace under pressure to respond as you did, having had your ass handed to you. It being St. Paddy's day, and me being Mike Doyle, let me simply say: " Good on you, mate" I might also add that I jumped all over LSI Logic @ 38 about 1 1/2 years ago and some crazed Irish friends who thought I knew my butt from a hot rock joined in. Losing my own money was/is bad enough: losing theirs was really painful. Better times ahead, friend, and may the wind be at your back. Kind regards, Mike Doyle