Failures

by Mike Masnick




Is Iridium Back?

from the nah,-probably-not dept

Is Iridium back? The company that bought billions of dollars worth of assets from the original Iridium for just $25 million (and immediately signed a contract for $72 million from the US Dept. of Defense) is saying they're back and better than the original Iridium. They may be back, and they may even be better, but some still think they're going to fail. At least they're not trying to be all things to all people, and they've lowered the costs of the damn thing. However, it's still really expensive, and cell phone service and coverage is increasingly getting better. If anything, Iridium's market is going to keep shrinking over time.

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  1. identicon
    Ricardo, 8 Jun 2006 @ 8:55am

    Mike, the amazon market is indeed a small market compared to the larger markets out there, but you are not looking at the whole picture. There are plenty of places not already populated with no cell coverage, in addition to our vast giant oceans. Take a look at this URL for more information on world population density http://en.wikipedia.org/wiki/Population_density . Don't make the assumption that just because these places are so remote that someone needing a phone would not be there. That is a very naive assumption. I think Iridium is great for that other market needing phones where coverage is not available.

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