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Technology Stocks : Nextwave Telecom Inc.

WAVE 7.490

+0.9%

1:19 PM EST

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To: JGoren who wrote (150)	8/21/1999 5:58:00 PM
From: Rono	Read Replies (1) of 1088

To meet FCC requirements NextWave must construct network facilities that offer coverage to at least 1/3 of the population in each of the C block markets, and 1/4 of the population in the D, E, and F markets within 5 years, or face possible forfeiture of licenses to the FCC. I'm not technically oriented either, but I have a difficult time believing $2.5 billion will provide for even these minimal requirements. NextWave already lacks credibility in the investment community, and IMO hasn't improved that image with their reorganization plan. It will be interesting to see how their creditors respond. Ron

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