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

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Dec 5 9:30 AM EST

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To: Andrew N. Cothran who wrote (12136)	6/27/2001 11:07:06 AM
From: Jeff Vayda	Read Replies (2) of 196843

Andy, re: Where is the FCC going to find the money (to repay any funds it received from the illegal reauction)? from the NYTimes article BG posted: Even if the two sides could agree on the size of a settlement, however, figuring out how to pull it off would be dicey. Government officials said they likely would pay NextWave through a judgment fund maintained by the Justice Department, a move that requires the approval of Attorney General John Ashcroft, who likely would turn to the White House for guidance. Another hurdle is that the fund typically contains less than $3 billion, according to people familiar with the situation. As a result, a wary Congress would have to sign off on appropriating more money to the department's budget for the specific purpose of settling the case. The idea of awarding so much money to NextWave would be certain to run into strenuous political opposition on Capitol Hill, and it is unclear whether Congress ultimately would agree to free up the funds. I.E.: The Taxpayers

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