Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Iridium World Communications Ltd. Erroneously Reported as Big Gainer

Date 27/08/1999

The Nasdaq Stock Market® announced that due to a system error, Iridium World Communications Ltd. (Nasdaq:IRIQE) was erroneously reported to have been Nasdaq's second-largest percentage gainer today (August 26). Iridium's share price incorrectly showed an increase of 150.8 percent-or 5 ¾ points-to close at 10. Shares of Iridium were halted on August 13, 1999, at 2:04 p.m. for Additional Information Requested by Nasdaq.