Nextwave Telecom Inc. Message Board

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Technology Stocks : Nextwave Telecom Inc.

WAVE 6.930

-3.2%

Nov 21 9:30 AM EST

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To: Maurice Winn who wrote (210)	12/5/1999 6:15:00 PM
From: Lance Bredvold	Read Replies (2) of 1088

Though I do not know what percentage of Nextwave is owned by Qualcomm, I am quite sure I remember that they wrote off $20 million in the 1998 tax year which was, I think, all of their investment in Nextwave. If the company comes out of bankruptcy I would imagine the Q would have a one time gain of $20mm just like they had a one time loss back then. And I would expect treatment of original investors would be part of the bankruptcy negotiations and each investor might get some form of debt/pfd convertible/or ownership shares in the reformed entity. At the rate that QCOM is splitting their shares we won't see much per share by the time the whole situation gets resolved. (gg) Lance

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