RE: : Re: Iridium Flares to End?

Wayne T Hally (
Thu, 12 Aug 1999 21:21:38 -0400

I sincerely hope you are right...and I suspect you are :-)


From: 	Ed Troy[]
Sent: 	Saturday, August 07, 1999 4:07 PM
Subject: 	: Re: Iridium Flares to End? 

I would not worry about Iridium being abandoned. After all, it is already 
bought and paid for. If they do go bankrupt, someone else will just buy the 
assets for pennies on the dollar and have a goldmine. The main reason 
Iridium is not working is that it is way too expensive, at more than 
$5/minute. Once they get the price down to a buck a minute, or so, it will 
take off, especially when they can sell the radios for well under $1000. 
Early radios, as I understand, were something like $5K or more. Again, not 
many people are willing to pay the price. But, the radios have come down to 
about $1K now, and will get much cheaper as volume increases, and if 
someone buys the assets for a few cents on the dollar, they will be able to 
operate for reasonable, attractive rates. Thus, Iridium will survive, but 
it will probably be held by other people.