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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 174.830.0%10:44 AM EST

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To: carranza2 who wrote (11961)6/24/2001 12:41:33 PM
From: Art Bechhoefer  Read Replies (2) of 196851
 
>>By all appearances, in accordance with the court's opinion, NextWave is the aggrieved party... <<

Isn't the federal government (i.e., the taxpayers) the aggrieved party? After all, when NextWave couldn't pay, the government/taxpayers suffered. Put another way, the federal government is the largest of the receivers, since, if the reauction of the spectrum initially sold to NextWave is nullified, then the federal government must reimburse each of the bidders and can then pursue its claim against NextWave.

It seems to me that the FCC created this problem by failure to guard against the reselling of spectrum, making NextWave into nothing more than a real estate broker speculating in a burgeoning market. Who represents the taxpayers in this mess? The guy who formerly represented NextWave?

Art
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