INVEST: Buy Iridium?

Brian D Williams (
Tue, 22 Jun 1999 09:11:22 -0700 (PDT)


This is an idea that I had while reading the latest issue of WIRED (July).

I was reading an article on telematics, the in car data offerings like G.M's "OnStar". This has been hugely popular and it seems G.M. has a commanding lead.

The part where I had the idea is this.

Thge thing that made OnStar viable was the idea to use the national cellular networks for the comunication's/data. The problem has been the coverage area.

In the same issue I was reading how the global satelite covering Iridium project is having problems getting subscribers.

In fact in the last few days as I've been considering this, Iridium has lowered it's prices and the stock went up 15% yesterday.

Iridium is in serious trouble, and it's creditors have extended it to the end of the month.

I'm not talking about G.M just using Iridium, I'm talking about G.M buying a large portion or all of Iridium.

This would give G.M a worldwide base for it's ONSTAR equipped products, plus the ability to beat the other competing systems, and forge alliances with other global car/truck companies.

Gorilla game time.....

Buy Iridium?

Member, Extropy Institute
Member, Life Extension Foundation
Member, National Rifle Association
Ameritech Data Center
Member, Local 134 I.B.E.W

Version: 2.6.2

iQCVAwUBN2+0oXsfmVh/uI7xAQGysQP+LEWqTm4+2oskFRLPYIaxtrdc3tRTZ268 1oL0CJTV6i2/rG+U5+2Vv5Wkh6U1aJIBMzS5S+pgnndQxz52bnsbCnhnxsX0WBzu zKotejny8MKHgyEzLO+/iLBzkMY6alaJ5nXzMnb7lhINE/I1Au1TqPwacE6EwHUa 9aIBHDFxlmE=