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

To: Caxton Rhodes who wrote (134)	8/14/1999 3:41:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 1088

Caxton, I reckon this Jon Koplik guy can smell money a mile away [or further on The Web]. Was it $4.7bn or $4.3bn [not that it matters really]? Originally it was $4.3bn but they added some spectrum later for a total of about 120m pops. They can cover nearly half the USA population with the spectrum they 'bought'. More accurately, got control of and now can buy thanks to the judge's decision. They seem to be getting the 'Can they continue in business as a small business?' question sorted out in their favour too. Jon, it all looks good to me and I've been hanging around it all along. The bankruptcy was a strategic move, not an issue of weakness, to consolidate their position and obtain the 'going rate' discount on the spectrum. Unlike the Iridium situation which is NOT a strategic move. I suspect the developed spectrum value [in 5 years] is going to be much higher than the discounted value as WWeb demand floods the service providers and they gear up to pour out the 3G CDMA photons. So just in the 'speculative real estate' aspect, this is a good company. Selling WWeb minutes isn't going to hurt either. Unfortunately, you can't invest in it! This is a watching brief with greedy wolves hanging around waiting for the chance to be in. Maurice