Qualcomm Moderated Thread - please read rules before posting Message Board

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

QCOM 174.01

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Nov 14 9:30 AM EST

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To: pcstel who wrote (19894)	3/5/2002 6:44:52 AM
From: Michael Allard	Read Replies (3) of 196653

PCSTEL: The car lease is a good example. The only reason you do not get to keep the car in the event of a bankruptcy, is because the leasing company filed UCC forms protecting their asset in the event of a bankruptcy. The FCC did not do this properly, and that is why they lost (and will lose again) the asset. The FCC realized this when the first spectrum winner filed. They tried to get them filed prior to Nextwaves petition, but Nextwave and others asked for modifications to the payments schedule (based on the lack of access to capital caused by the FCC's delay in getting the licences transferred). Without the modification, Nextwave and others were not willing to sign off on the UCC, and the spectrum was not protected.

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