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

To: Goodboy who wrote (1848)	5/27/1999 2:08:00 PM
From: Marty Rubin	Respond to of 2693

"so silly that the people buying the stock deserve to lose their money." why? aren't the creditors in it too (statement)? even if the cfo is out, the chairman and ceo owns a large block and will not resolve it unless it's fair to shareholders, imo. i see it as a reputation problem and not really the creditors. if prices on the (now better, and soon smaller and less bulky) phones and minutes are going down, don't you think they can build a larger costumer base to make the creditors happy?

To: Goodboy who wrote (1848)	5/27/1999 2:36:00 PM
From: Rodney Glover	Read Replies (1) \| Respond to of 2693

The CFO is the prime decision maker in the financial area. The CEO's problem will be the marketing situation. Believe me, IRID has run the numbers on the bankruptcy situation. Often it is the cheapest;however, IRID is a special situation and the creditors will try to work this thing out...or lose a bundle of cash. Obviously, they feel restructuring in the best alternative, looks like they are also attacking the bulky phone and marketing problem. If you disagree, just short IRID today don't get mad...just make your money.