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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 174.76

+0.3%

Dec 23 3:59 PM EST

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To: carranza2 who wrote (11961)	6/23/2001 12:55:45 PM
From: foundation	Read Replies (2) of 197019

"..The creditors will have a lot of influence in NW's future..." ---------- Now.... "..In a ruling that could slow the roll-out of the next generation of mobile phones, an appeals court Friday revoked the sale of $17 billion in airwaves to 21 wireless carriers and ordered them returned to bankrupt NextWave Telecom Inc.." NextWave, by all appearances, again owns spectrum - valued by auction at 16B - for which it must pay 4.7B. And I believe, that in light of recent US government statements regarding freeing spectrum, NextWave's spectrum is worth more rather than less - now. And it's very likely that Nextwave can receive serious financing from Q for an early, aggressive 1xevdo rollout - perhaps coinciding with Q's Australian network. Could there be a better strategic move on Q's part than to bring full-blown, data-centric, all you can eat 1xevdo service to the US in 02? Simply stopping there ---- I bet NextWave began receiving (perhaps even unsolicited) offers of credit yesterday afternoon. What better collateral could a banker dream of than the last open spectrum that may be available in the US for years --- that nearly every established carrier covets --- for $0.25 on the dollar? Even though NextWave is still in bankruptcy, I can't think of another carrier that is in as good or better financial position. With established carriers nearly crushed with debt burden - with their stock prices in the toilet - some with imminent capacity emergencies and convoluted technology paths to 3G - weighed down with legacy networks and systems.... If Unicom can build a huge, greenfield cdma network for a billion and change - so can NextWave. If Unicom can build a huge cdma network in 5 or 6 months - so can NextWave. Even if the FCC drags this out for a year - they still have plenty of time to kick ass. Another interesting wrinkle is that a rejuvenated NextWave would be the perfect partner for Branson's Virgin Mobile... who could guarantee a serious capacity purchase contract beginning the day the network was lit. I think, as of 2:00 Friday afternoon, creditors were no longer an issue. They can be paid - in cash... "You settle before the case, not after you win it," he said. Yep. This is a remarkable turn of events.

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