Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

Nov 13 3:59 PM EST

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To: pcstel who wrote (112037)	2/1/2002 9:07:15 PM
From: Peter J Hudson	Read Replies (2) of 152472

Pcstel, Come on, you're better than this. Nextwave satisfied the foreign ownership situation before the FCC granted them the winning bid. They were unable to secure financing for their business plan because the PCS roll out went slower than expected. Chapter 11 was the appropriate route. It wasn't until the FCC decided to repo. the licenses that things got screwed up. Remember initially the FCC chairman wanted to sell the licenses directly to Nextel, interesting that he went to work for Nextel when he left the FCC. The FCC then re-auctioned the licenses for 4x more than Nextwave owed, after having refused Nextwave's offer to pay in full. Obviously Nextwave had a good plan, just bad timing. Pete

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