Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nextwave Telecom Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (131)	8/14/1999 12:35:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 1088

Oops, I think I've been bitten. Getting sloppy in my old age. Now that I think about it more particularly, I don't think Q! is a shareholder in NextWave Telecom and therefore I'm not. Q! loaned them money. Q! set it up with staff and at one time owned the stock, but sold chunks off to, I think, Samsung and others to finance it. I'm not sure that Q! has much shareholding at all if any nowadays. But I don't know who owns it if not Q! Samsung and co. My point was that NextWave, Leap, Qualcomm and Ericy should be interested in getting their bits and pieces together and building out the original scheme, which was a minute factory across the USA, to wholesale minutes to MCI and anyone else who didn't want to own towers and basestations. A couple of years ago, I wrote that it seemed a very good idea to copy Pocket and head for bankruptcy because the discount on the spectrum auction was likely to far exceed the value of proceeding as planned with the $4.3bn auction price. Indeed that was the case and NextWave is $3bn better off after the court decision on revalued spectrum. They can build a lot of infrastructure with that money. The gear will be cheaper now too and have better functionality. The 1996 auction was a bit premature for CDMA since it was not really fully ready to go in bulk. Now it is. There are no publicly available NextWave shares - other than by private treaty with the few shareholders. It seems time to rev it all up again and build out the network. Maurice PS: SurferM is not involved. Neither is that guy Cerf who invented the internet. Wave Functions are involved. Party at Piha!http://www.ockay.co.nz/photos3.htm No, NextWave did not trade at all because the IPO was canned when things started going wrong [with the FCC messing people up and Pocket Communications and others defaulting on bids].