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Technology Stocks : Nextwave Telecom Inc.
WAVE 8.150-0.9%Nov 11 3:59 PM EST
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To: Dennis Roth who wrote (780)3/28/2002 11:44:10 AM
From: pcstel  Read Replies (2) of 1088
 
What was worth 8 billion to them in December of 2000 may not be worth 8 billion to them if delivered in March 2003. The could argue that such an auction was some sort of fraud.

From DA002614

"Due Diligence: Potential bidders and interested parties should be aware that various proceedings
that may relate to the licenses available in Auction No. 35 may be pending or subject to further administrative review before the Commission, including, for example, waiver requests, petitions for reconsideration, and applications for review. In addition, certain judicial proceedings that may relate to the licenses available in Auction No. 35 are pending or may be subject to further review. Resolution of these matters could have an effect on the availability of spectrum included in Auction No. 35 and the auction is subject to such matters. Some of these matters (whether before the Commission or the courts) may not be resolved by the time of the auction. The Commission will continue to act on matters before it, but it makes no representations as to the resolution of judicial proceedings. Potential bidders are solely responsible for identifying associated risks, and investigating and evaluating the degree to which such matters may affect their ability to bid on or otherwise acquire licenses in Auction No. 35. For further information on due diligence refer to the Auction No. 35 Procedures Public Notice.5"

wireless.fcc.gov

PCSTEL
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