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

To: Larry L who wrote (1772)	5/13/1999 5:01:00 PM
From: Goodboy	Read Replies (1) \| Respond to of 2693

Stay tuned Larry. Was Roy Grant forced out also? Before or after he sold all his stock at $30. Was Grant replaced by a real shaker and mover from an outside company? Roy read the hand writing on the wall before Ed did because he understood the financial structure that he himself helped to create and solicit funds for. He sold his stock as he told the street all was OK and then bailed. Stiano bought 25,000 shares to show his confidence. It might not surprise you that Big Ed may have met with Motorola and discussed the future financial structure of Iridium. Grant didn't need a hint. Either have the bond guys (30 cents on the dollar). The strategic differences between Ed and the board might have a lot to do with the coming resturcturing of the company and Ed lost the battle to prove Iridium could survive in its current structure. Watch what happens next.

To: Larry L who wrote (1772)	5/14/1999 5:07:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 2693

Larry, I really don't 'get it'. You and Dragonfly have persevered for a couple of years. To me the writing was on the wall before the launch, as you know. We all make mistakes and what we don't know far exceeds what we do know and half of what we do know isn't true. But sometimes, the information pointing in a certain direction, such as the world being round, becomes so irrefutable that the fact of a round world becomes accepted. What I don't get, is how you, Dragonfly, Jack Morgan, Tero, Mika, Bill Frezza and maybe me too which is why I want to get to the bottom of this, hold onto positions which seem [to me anyway] to be contrary to so much information. I've bought shares [in my earlier days and even now really] where I had little idea about what was going on. But I didn't have contrary information which I had to dismiss to hold my position. In fact, most people on the thread seemed to hold both Iridium and Globalstar or at least think there was room for all to make a huge pile of money [which always baffled me]. I don't understand [admittedly I haven't number crunched the figures] how Iridium shareholders can get ANY money out of it. The number of subscribers and capital involved, debts and continuing losses seem far our of kilter. Motorola seems to be the one which will make the money. Even the bond holders lose out to Motorola, which can take over the assets for $1,000,000, sell minutes for 20c and handsets for a thousand dollars and make a fortune. The shareholders won't get a bean. The bond holders won't get more than two beans. Where am I wrong? Why do you still think it will succeed? I really don't get it. I'm not gloating because I'd have preferred it to at least make a bit of money but if anything, it's good to have an early failure because ICO might see the body twisting in the wind and think a bit more carefully about their plans. What is ICO thinking, to be launching $$multibillions more into the maelstrom? I suppose like Motorola, it's not their money. Maurice {Iridium $10 per share now!}