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

To: Goodboy who wrote (1514)	4/3/1999 10:58:00 PM
From: CMon	Respond to of 2693

Could not agree more Goodboy. I'd point out, though, that in the article you mention, the author has the current market cap wrong. Yes, there are 19 odd million shares out for Iridium World Communications, the stock we all trade. That stock, however, represents a mere 13% of the total equity of this soon-to-be-toast enterprise, Iridium LLC. The true equity market valuation is therefore multiples more than the $390MM the author mentions.