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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.31+1.2%10:59 AM EST

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To: gdichaz who wrote (38317)8/19/1999 8:50:00 PM
From: KyrosL  Read Replies (1) of 152472
 
Chaz: The spectrum originally belonged to the public, and getting a good price for it was (and is) the FCC's job. At the same time the politicians said that only small companies may bid. Now the small company that got it failed. Perhaps the ultimate goal of the FCC is to force the politicians to change the rules and reopen the bidding to everybody, which may be the best outcome for the public. The public's interest is best served if the spectrum goes to somebody that can develop it quickly AND pay top dollar. At this point I suspect that Nextel satisfies this condition better than Nextwave.
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