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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 174.80+0.3%Dec 5 9:30 AM EST
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To: JGoren who wrote (12106)6/27/2001 10:15:27 AM
From: Art Bechhoefer  Read Replies (2) of 196844
 
>>There is no claim against the FCC.<<

JGoren, as recent newspaper articles have noted, if the reauction was nullified, and if any of the successful bidders had already paid at least a portion of the cost of their spectrum, then they are entitled to a return of their money. That is the only thing I noted when I wrote that the bidders have a claim against the FCC. And that is precisely why the FCC is now wondering where it's going to find the money to cover the costs of this mess.

Art
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