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

To: RetiredNow who wrote (1497)	4/5/1999 11:26:00 PM
From: Dragonfly	Read Replies (2) \| Respond to of 2693

1) LARGE negative cashflow. No earnings to speak of. True of Yahoo, Globalstar, Amazon.com, etc. 2) Narrowly defined market (jet setters) without large upside potential, after spending $5 billion to get the satellites up. False, False and $5billion is what Globalstar is costing when all is said and done. 3) Consumer handsets are large and bulky, overall appeal when compared to current digital phones is minimal. An opinion that represents a lack of understanding for the target market. The target market isn't people who bought star-tacs because they were tiny. 4) Cost for service can be $5 per minute and higher at times, completely precluding mass appeal. 5) CFO quitting is a huge red flag. Yeah, he should have been fired for not arranging financing to carry them thru startup as demand ramps up. Of course, you neglect the fact that demand outstrips supply right now, as well as the difficulty competitors will have getting the level of government acceptance Iridium has. You say you don't invest in companies that don't have earnings, well, fine, but all companies don't have earnings in the beginning. If you want to stick to reliable companies, invest in AFLAC, but your investment philosophy does not make a company bad. I love all the yahoos who come out of the woodwork when a stock is down. Where were you when your brother in law was up over %100? Dragonfly