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

To: Jon Koplik who wrote (141)	8/16/1999 7:21:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 1088

Jon, it looks like a bit of 'beachfront property' speculation by Nextel which will help restrict competition. Meanwhile, the FCC owes Qualcomm some spectrum awarded by the courts because of FCC breach of 'pioneer' rules several years ago. This looks like eminently suitable spectrum. Q! could give NextWave some money. NextWave could give Q! some of that spectrum. FCC could waive the value the court awarded to Qualcomm. Then everyone would be happy! NextWave has paid for most of the $1bn worth. Qualcomm is owed $200m worth [or thereabouts], so that leaves $300m or so to cover the bankruptcy court judgement on the bid value. I don't believe Nextel would have some prior claim over the spectrum given the court awarding the spectrum to NextWave at that price. It is now incumbent on NextWave to come up with the dosh for the FCC. It is incumbent on the FCC to come up with some spectrum for Qualcomm. It looks to me like a really simple thing for the FCC to figure out. Maybe they need another judge to explain things to them more carefully. Maybe a few FCC people need to go to jail for defying the courts. Maybe Nextel are playing an illegal [along the lines of MSFT criticism by Janet Reno's lawyers] game of monopoly with FCC connivance. It said somewhere that Nextel might just hold the spectrum without using it [I think that was in this thread over the past few days]. It seems that 3G rollout to 165m people could be accomplished quickly and effectively by NextWave and partners with this spectrum being settled in their possession quickly and without further goofing around. More messing around by the FCC and dishonorable with-holding of spectrum from Qualcomm and NextWave might even be considered vexatious restraint of trade by a government agency charged with getting the spectrum out into the market place so that USA citizens can benefit. FCC mess ups have resulted in a 3 year delay. These must be the intelligent regulators which Art was talking about??!! See bottom of: Message 10957604 Incidentally, when the FCC awards spectrum to high quality gender and 'minorities', how do they decide whether the supplicants are the right gender or 'minority'? Estrogen check? 'Minority' is more tricky. I believe 'minority' means skin pigmentation rather than whether one is from a family with only 1 or 2 of that name in the phone book. Do you guys in the USA have some ASTM [American Society for Testing Materials] Colour Chart to see whether a person is dark enough, as they do in the oil industry for checking whether a fuel exceeds a certain darkness? With discounted spectrum and minority and gender status property rights being handed out compliments of the taxpayer, it must be tempting to get out some skin dye or maybe eat some estrogen to fit the criteria. Or even shoot oneself in the foot to attain 'disability' status? Ooops, I think I'm ranting... [Do they give free spectrum for that?] Mqurice