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

QCOM 177.78

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Jan 9 3:59 PM EST

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To: foundation who wrote (14006)	8/16/2001 6:48:15 PM
From: Ramsey Su	Read Replies (1) of 197157

NextWave - who are the losers? Nextwave is certainly not the loser. Reasons obvious. The re-auction winners should be jumping for joy. Now they just buy the minutes from Nextwave without having to fork out a jillion dollars for the spectrum, not to mention the risk of building out a network. Some may mumble that the taxpayers got screwed. However, let us just assume there is $10B extra that the re-auction generated. What was congress going to do with that money? Blow it on a few missles or use it for that ridiculously meaningless tax rebate? On the other hand, let us assume that our government actually decided to use the $10B to subsidize a super technology that is going to catapult the US back to the leading position of the wireless world. Her citizens can enjoy the pleasures of high speed data without strings far sooner than anyone else on earth. Even the real loser of this entire fiasco, Kennard, got himself one nice package at Nextel. So who is the loser? Someone should tell the FCC to stop the nonsense now and let nextwave move on. Ramsey

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