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Technology Stocks : Nextwave Telecom Inc.
WAVE 7.420+1.4%Nov 18 3:59 PM EST

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To: Caxton Rhodes who wrote (155)8/26/1999 5:21:00 PM
From: Caxton Rhodes  Read Replies (1) of 1088
 
August 26, 1999

New York judge favors NextWave's course

NEW YORK—NextWave Personal Communications Inc., Hawthorne,
N.Y., headed into the home stretch in its marathon to become a
full-fledged C-block carrier when a federal judge yesterday blocked
further Federal Communications Commission attempts to delay the
company's bankruptcy reorganization.

In response to FCC attorneys' objections during an eight-hour
proceeding, Judge Adlai S. Hardin Jr. answered with a string of
‘‘overruled'' decisions, introducing one with an outright guffaw.

Hardin, the presiding judge for the U.S. Bankruptcy Court for the
Southern District of New York, allowed NextWave's bankruptcy
reorganization confirmation hearing to proceed as scheduled on Sept. 8.
His decision also prevents further FCC court challenges in this case.


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