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

To: Rob Prickett who wrote (1836)	5/27/1999 12:17:00 PM
From: Michael	Read Replies (1) \| Respond to of 2693

It is no joke. IRID satellites have short life spans. I do not own this dog, but if anyone does, look it up yourselves. sure is a nice day Michael

To: Rob Prickett who wrote (1836)	5/27/1999 3:45:00 PM
From: Bob Rudd	Read Replies (2) \| Respond to of 2693

From the Q page 29 "The satellite components of the space system contract are being depreciated over the five-year estimated life of the satellites." And, from the risk factors in the Q [Page 13 of 22 pages of risk factors] "Iridium's business plan currently assumes that each of the satellites will have an average useful life of at least five years from its initial date of commercial service. Iridium's satellites may not, however, remain in operation for an average of at least five years as Iridium expects." Maybe the 5 year estimate is conservative and they really last 7 years on average, but it doesn't look like they're gonna last decades. Matters not whether they burn up in the atmosphere or stay up if they don't work.