Iridium IPO. O.K. First Week. (fwd)

Eugene Leitl (
Mon, 16 Jun 1997 20:46:59 +0200 (MET DST)

Did somebody just said "extropian investment schemes" and "Teled(not what
your dir... thinks of)esics?
| |transhumanism >H, cryonics, |
| |nanotechnology, etc. etc. |
| |"deus ex machina, v.0.0.alpha" |
|icbmto:N 48 10'07'' E 011 33'53'' | |

---------- Forwarded message ----------
Date: Sun, 15 Jun 1997 23:05:25 -0700
To: Space Investors Mailing List <>
Subject: Iridium IPO. O.K. First Week.

> Well, Iridium (IRIDF) came out of the gate solidly on June 9th. Opened
> at $20 per share and ran to $22. It missed the $24 mark that Wall
> had predicted. But, considering the fate of many recent IPO failures the
> fact that IRIDF is still above it's offering price is a good sign that it
> was priced well and that the reaction is not negative. The only way it
> will get higher this next month is if some Mutual Funds purchase it into
> their portfolios. But, I don't think many will.
> Expect the Stock to briefly decline under the offer price after their
> earnings report. Wall Street has a tendancy to downgrade companies
> have no Positive earnings to substantiate their current price levels.
> they don't like systems where they can't understand the complexity.
> Iridium won't reach profitability until after 2000. It is hard to say
> more people will buy it on future expectation or avoid it due to risk. I
> believe this will be answered the next few months.
> When the stock declines watch carefully and purchase it on the first
> of recovery. In the long term this stock and company is going to make a
> huge amount of money for themselves and for future thinking investors.
> Also keep a close watch on the Sponsers of the project as they will also
> reap the benefits from Iridium. ie Motorola,
> For more information and other great stock tips please stop by the Space
> Investor Web site at
> Thank-you and happy investing
> Tom Marchesello
> CEO, Space Investor