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June '03 Regular Features Editorial To Our Readers Data Bank Book Summary Articles Business Strategy Reviving Iridium V Sarvani The case discusses the problems faced by Iridium after the launch of its mobile satellite services. These problems landed the company in deep financial trouble, which led Iridium to file for Chapter 11-bankruptcy protection in the US Bankruptcy Court. The case also talks about Dan Colussy's turnaround strategies aimed at resurrecting the company and the outcome. The brilliance of the technology cannot take precedence over the market case. At the end of the day, if you're spending $5 bn on the technology, there better be a market for it. And if there isn't, there will be great humiliation. - Herschel Shosteck, a Wheaton-based wireless analyst, in March 2000. Iridium failed to match its system to its mission which caused too much pressure on the company to get customers quickly. - Leslie Taylor, a consultant for the satellite industry in Washington, in March 2000.Iridium's Failure In August 1999, Iridium LLC1 (Iridium), the world's largest provider of global mobile satellite voice and data solutions, filed for Chapter 112 bankruptcy protection in the United States Bankruptcy Court. The news did not come as a major surprise to the global telecommunications industry since the company's financial trouble was well known. It had defaulted on US $1.55 bn in bank loans. Considering the company's investment loss of US $5 bn, the bank

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