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

QCOM 166.05

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Nov 19 3:59 PM EST

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To: Ramsey Su who started this subject	3/3/2003 5:39:46 PM
From: Cooters	of 196699

NextWave given nearly 2 years to build network rcrnews.com March 03, 2003 4:55 PM EST WASHINGTON—The FCC’s Wireless Telecommunications Bureau has given bankrupt NextWave Telecom Inc. 703 more days, or nearly two years, to meet its network buildout requirements, but also restricted the company’s ability to sell its assets to a large corporation for the same amount of time. NextWave has filed 96 construction notifications, meaning it believes it has met the appropriate milestones for those markets. The Federal Communications Commission did not rule on whether the company has satisfied the requirements, said an FCC official. The amount of time—703 days—is the amount of time the FCC used to re-auction the licenses, 597 days, plus 106 days that were included the failed settlement agreement, said the official. This is the amount of time NextWave had requested, added the official. By tolling the five-year buildout, NextWave is also barred from selling its licenses to a non-designated entity or small business until the 703 days are complete. The complete documentation should be available by Tuesday morning, said the FCC official. NextWave declined comment.

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