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

To: Dragonfly who wrote (1653)	4/23/1999 8:49:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 2693

Dragonfly, The segment you identify is too small to support Ir. It is true that some will pay for anytime anywhere coms, but most will not unless the cost is within reason. Each person views this differently and often those with a lot of money will eschew a premium service, except for emergencies, and those with little money will try to get a company Ir service that they can chat on. The cash flow tells the tale, it is insufficient and will never service the debt. The only way out is trade debt for equity with those who now have equity being lesft with 5-15% or bankruptcy in a few months. Why take my word for it, a wait of only a few months will slay this dragon, will they slay the dragonfly? Bill

To: Dragonfly who wrote (1653)	4/26/1999 10:16:00 AM
From: CMon	Read Replies (2) \| Respond to of 2693

Dragonfly, your defense of IRID rests on conceptual grounds. ie: there will be a need for such services. Meanwhile, the shorts on this thread are looking at the means by which this concept has been capitalized and concluding that regardless of the merits of the concept, the current shareholders will not be around to benefit if it eventually works. Arguing with the shorts by reiterating your belief that there is a need for IRID's service misses the point that the shorts are making.