31 May
2001
31 May
'01
2:01 a.m.
Iridium is not dead, it is simply a military network now. Boeing "bought
it" out of bankruptcy court for about $25 million (not a bad deal) and the
Pentagon has a long term contract to use it. The current plan is to not
send up any spares and decommission the system when enough birds run out of
gas that they can't keep the constellation up.
--Chuck
(former IRID investor)