| Business Summary | | Iridium
World
Communications
Ltd.
is
a
limited
liability
company
that
acquires,
owns
and
manages
the
Iridium
communications
system.
The
Company's
subsidiaries
include
Iridium
Operating
LLC,
Iridium
Capital
Corporation,
Iridium
Roaming
LLC,
Iridium
IP
LLC,
and
Iridium
Facilities
Corporation.
Iridium
offers
its
customers
the
ability
to
make
and
receive
phone
calls
and
receive
pages
virtually
anywhere
in
the
world.
Iridium
accomplishes
this
by
providing
access
to
the
Iridium
satellite
constellation
as
well
as
the
world's
cellular
networks,
all
with
one
phone,
one
phone
number
and
one
customer
bill.
Iridium
believes
it
will
be
the
only
wireless
telecommunications
company
in
operation
well
into
the
year
2000
that
will
be
able
to
offer
this
comprehensive
global
communications
service.
As
of
February
29,
2000,
the
Company
was
in
Chapter
11
Bankruptcy
proceedings. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IRIDQ
sole
asset
is
its
investment
in
Iridium
LLC
which
engages
in
the
establishment
and
commercialization
of
a
global
mobile
wireless
communications
system
that
will
enable
subscribers
to
send
and
receive
telephone
calls
worldwide.
For
the
three
months
ended
03/99,
revenues
totalled
$1.5
million,
up
from
$0.
Net
loss
applicable
to
Common
totalled
$507.1
million,
up
from
$205
million.
Results
reflect
interest
income
from
cash
and
investments,
offset
by
higher
depreciation
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Robert Kinzie, 65 Chairman | $499K | John Richardson, 56 Interim
CEO | -- | Richard Lesher, 65 Vice
Chairman and Independent Company Director | -- | David Gibson Interim
CFO | -- | Mauro Sentinelli, 52 Exec.
VP of Marketing and Distribution | 681K | Dollar amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|