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

To: Bill Jackson who wrote (1641)	4/23/1999 6:37:00 PM
From: Dragonfly	Read Replies (2) \| Respond to of 2693

Actually, I would say I'm more in touch with world reality than you seem to be. I'm a world traveller and I've experienced first hand how spotty cellular coverage is when you are outside the population areas. I think you need to turn your perspective around and not say "cellular covers most of the populations" (which it does) but say "most of the population travels outside of cellular serivce on occasions" (which they do.) Some segment of those people will find a phone that works anywhere very valuable. You seem to think that cellular obliterates the need for Iridium, which it doesn't. Iridium has had a cellular mode within cities since the initial designs. The purpose of the Iridium system is to allow you to use your cellular phone as a sat phone outside of coverage areas. Since most of the world is not coverd (that's reality) by cellualr and since many people find communications very very valuable, there is a huge demand out there for these types of communications. It takes a relatively tiny number of customers to make irirum successful. (Tiny compared to the number of cellular customers.) Most cellular customers won't switch to Iridium and that's no problem at all.