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Technology Stocks : Nextwave Telecom Inc.

WAVE 8.150

-0.9%

3:59 PM EST

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To: Eric L who wrote (623)	12/23/2001 5:37:00 PM
From: Maurice Winn	Read Replies (2) of 1088

< Money For Nothing: How A Bankrupt Telecom Company Got $6 Billion From The U.S. Government> Actually, it's the government and Senator Hollings who are fixin' to get the money for nothing. NextWave bid for the spectrum at auction and won by bidding more than anyone else. As with other property transfers in exchange for money, the courts have found that NextWave owns the rights to use the spectrum and the government as a creditor can't just grab the property they supplied, which would damage other creditors. It's going to be funny when the Supreme Court confirms that the USA Senators and government can't just steal property from people. Power is a weird, brain contaminating thing and it seems that the senators are blinded by being big and tough and greedy. They want to get their greedy paws on NextWave's and the creditors' money. The government did zero to create the value in that spectrum. Allen Salmasi and creditor QUALCOMM were directly instrumental in creating that value by inventing and making CDMA a viable technology. Because he understood the technology, he had the confidence to bid more than anyone else for the spectrum. If Senator Hollings and others in their ignorance refuse the agreement, they will probably see their chance to get some of the money slip through their grasping fingers. Envy and jealousy are alive and kicking in the USA. I would not be surprised if the Supreme Court simply declines to hear the case. There was a perfectly competent court which studied the case and found in favour of NextWave. Why should anyone expect the Supreme Court to find differently? The interests of the USA are served by having QUALCOMM's CDMA technology rolled out across the USA. NextWave is in a position to do it. The GSM Guild must be delighted at Senator Hollings blocking CDMA. Mqurice

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