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Technology Stocks : OMPT!!!

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To: Bernard who wrote (293)11/10/1998 4:32:00 PM
From: Mike  Read Replies (1) of 531
 
Whats next - read this!
Firms agree to settle U.S. FCC
bid-rigging suits

WASHINGTON, Nov 10 (Reuters) - Omnipoint Corp (Nasdaq:OMPT - news) and two other
wireless communications firms have agreed to settle lawsuits alleging they used coded bids during
airwaves auctions held by the federal government for wireless telephone licenses, the U.S. Justice
Department said on Tuesday.

The department's antitrust division said the lawsuits and the proposed settlement, which must be
approved by a federal judge, were filed in court in Washington, D.C.

(Note: this article is ''in progress''; there will likely be an update soon.)
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