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Technology Stocks : Nextwave Telecom Inc.

WAVE 7.790

+1.7%

3:49 PM EST

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To: Dennis Roth who wrote (730)	3/5/2002 5:05:28 PM
From: Dennis Roth	Read Replies (1) of 1088

>> We want our money back," said Ivan Seidenberg, << D.C. Circuit denies Verizon request for deposit money ruling rcrnews.com Excerpt:: The FCC had asked the D.C. Circuit to "stay its mandate" requiring return of the licenses to NextWave, but the appeals court refused. Verizon asked the court to tell the FCC that its mandate also required the FCC to return its deposit. Again the court refused. === NextWave keeps its licenses and the FCC keeps Verizon's money. Surreal. Verizon won't let it rest there. They will look for other legal avenues to get their money back.

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