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To: Caxton Rhodes who wrote (39075)	8/31/1999 2:35:00 PM
From: Ruffian	Read Replies (2) \| Respond to of 152472

NextWave> August 31, 1999 FCC gets stay on NextWave appeal NEW YORK—Chalk one up for the Federal Communications Commission, which received a stay Aug. 31 pending its appeal of several lower-court decisions that affirmed aspects of the bankruptcy reorganization of C-block carrier NextWave Personal Communications Inc. Put on indefinite hold as a result of a ruling by the U.S. Court of Appeals for the Second Circuit is NextWave's Chapter 11 reorganization confirmation and consummation hearing. That had been scheduled to occur Sept. 8 before the U.S. Bankruptcy Court for the Southern District of New York. The three-judge panel for the Second Circuit ordered attorneys for both sides to submit briefs within two weeks and said their clerks would schedule an expedited hearing as soon as possible thereafter. RCR NEWS