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Technology Stocks : Nextwave Telecom Inc.

WAVE 8.230

+0.1%

11:33 AM EST

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To: Maurice Winn who wrote (625)	1/27/2003 10:59:25 PM
From: Maurice Winn	Read Replies (1) of 1088

Senator Hollings blows the chance of getting many $$billions for the US government by ruining a perfectly sensible agreement the FCC and NextWave and the latest bidders had come to. From 23 Dec 2001: <It's going to be funny when the Supreme Court confirms that the USA Senators and government can't just steal property from people. Power is a weird, brain contaminating thing and it seems that the senators are blinded by being big and tough and greedy. They want to get their greedy paws on NextWave's and the creditors' money. The government did zero to create the value in that spectrum. Allen Salmasi and creditor QUALCOMM were directly instrumental in creating that value by inventing and making CDMA a viable technology. Because he understood the technology, he had the confidence to bid more than anyone else for the spectrum. If Senator Hollings and others in their ignorance refuse the agreement, they will probably see their chance to get some of the money slip through their grasping fingers. > I should be a legal consultant - would have saved US taxpayers about $10 billion, give or take a bit. Mqurice

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