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

To: Marty Rubin who wrote (1888)	6/1/1999 10:34:00 AM
From: Bill Jackson	Respond to of 2693

Marty; I am at a loss to see what is keeping it around $9. There must be some Motorola support somewhere in the woodwork to defend it's perceived status. Trouble is this emperor has no clothes and it is getting harder and harder for anyone to keep the faith. Has anyone ever made an assessment of the value of the ground com network and the satellite network as that might be keeping the value up??? I am a fan of the concept but I think the Iridium network is doomed and will never have any use in it's original form and so the only value lies in the bits. It is true that since it was at $50 it can move up and down a bit and make some day trade money, however this needs more volume IMO to be an investment of choice. You may be better of selling and eating the loss and trying to make it up elsewhere. Bill