Iridium Files for Bankruptcy

MadShark writes "I found this article on Excite about Iridium LLC filing for bankruptcy after defaulting on 1.5 billion dollars in loans. But don't be too hasty about throwing out that handset. The article also says, "Motorola said it would continue full operational support for Iridium and all current and future subscribers during the company's reorganization. It said it would continue to invest in the technology and to develop the next generation of Iridium products."