Here's how the fix it. Take the first 20,000 customers and
give them satellite phone service for life. Charge them
$25k plus the phone for the privelege, up front or financed with 11% over
60 months. Do a marketing campaign about owning your own
satellite is now easier than owning a car. I bet you can
do well over 100k sales in the next year.
> "CEO of Troubled Iridium Quits"
> In the fourth quarter of 1998, Iridium suffered a jaw-dropping loss of
> US$440 million on revenue of just $186,000. The company has sold only 3,000
> satellite phones, far short of its expectations.
> I just love biz-speak, "far short of its expectations." -- how about,
> "bloody nightmare?"
> Anyway, this implies that their satellite network will be up for grabs soon.
> For sale, technically brilliant satellite and billing network with no proven
> economic model which could recoup its cost. Inquiries: Iridium
> Redevelopment Corp.,...
> - Jim