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

To: Dragonfly who wrote (1706)	4/27/1999 9:23:00 PM
From: Bill Jackson	Respond to of 2693

Dragonfly, Why?, they have no doom breathing down their necks, the loan extension to end of may and now they have 10,000+ subscribers. Even with 27,000 they will not break even ever. The Ir plan is flawed, it can never be a commercial success, it's only fate is to become a support project like Concorde for who? What will the money men do?, have an auction? It looks like all investor funds will be extinguished as an optimistic auction of all ground and orbiting assets will not cover the debt. DOOM AND GLOOM. Ir is dead and still walking because the tiny dinosaur brains that run it have not yet got the message. As a science fiction reader and avid technophil I would very much like to see global point to point com become economically viable in one form or another Bill