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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 172.29-2.2%Dec 17 3:59 PM EST

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To: M. Charles Swope who wrote (13690)8/8/2001 12:01:51 AM
From: JGoren  Read Replies (1) of 196981
 
the article quoted was basically correct, but in the early part it talked about having bankruptcy court approval to take back the licenses. it's not quite that. it was that the bankruptcy stay was in effect and that because of the paperwork, the stay had to be lifted. FCC argues as you say, but I think that it will rely very heavily on the earlier Circuit Court decision from the DC circuit that was very protective of FCC regulatory approval. FCC will hang its hat on the earlier court opinions as controlling and basically decided the issue. the Second Circuit rejected that argument. It will hang on appellate procedure and whether the other circuit decisions decided the issue.

I find it interesting that a conservative administration that should generally be against too much government power is advocating the FCC has no constraints. That is the only thing that concerns me. The FCC position imho is not only wrong but also dangerous.
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