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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (39804)	9/6/1999 2:16:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Eric, the blame rightfully belongs to the racist, sexist, anti-big-business politician bigots who had the idiot idea of running a lolly scramble for melanin-rich people with gender and not much money. The FCC manfully tried to cobble together some arrangement which would work. NextWave Telecom did NOT bid too much for spectrum. They bid exactly the going rate which the other bidders defined as being the price NextWave had to pay to acquire the spectrum. NextWave then paid ahead of due date the required funds. However, the FCC illegally with-held the spectrum from NextWave and when Pocket Communications cynically folded into bankruptcy the whole stack of cards fell down. NextWave could not get financial backing, nor would have wanted it considering the likely huge reduction in value of the spectrum which became evident. Meanwhile, CDMA development was slow, so a delay of a year until a much better CDMA technology at a lower price was not such a bad idea for NextWave. So NextWave headed for bankruptcy too, knowing that the absurd racist, sexist and anti-big-business FCC rules set by the USA politicians would result in their getting a big discount in the spectrum cost [of about $3bn]. Now, the FCC is wanting to illegally change the rules, breaching the political will of the USA Congress by selling the private property they do not own [the rights to use the spectrum won by NextWave] to a big busines, non-minority corporation not owned by people who have got really good quality gender. The FCC is breaking the law and conflicting with the will of the democratically elected racist/sexist/abb politicians in Congress. Of course the spectrum is worth a lot more than $1bn if it's sold at open auction. That's beside the point. The government sold it to NextWave being an appropriately gendered, ethnicitied and impoverished organization. Perhaps crippled was also a specification for the auction; or was it otherwise-abilitied? The spectrum is almost certainly worth $4.6bn or whatever NextWave bid - but that would be on the open market. If the FCC hadn't goofed up, they'd now have that money rolling in from NextWave. The Korean crunch in 1997/1998 didn't help NextWave with money raising either! Meanwhile, Allen Salmasi was rumoured to be having chats over dinner with Bill Clinton who is due here in a few days to meet with the APEC leaders and 1000s of hangers-on and subsequently a private USA/China meeting with Jiang Zemin who was once an electronics engineer and I'm sure is very interested in cdmaOne, cdma2000. Bill Clinton will have learned a little about it and will be have been given an earful about the value to USA companies of selling CDMA to China. So, let's assume that NextWave/Qualcomm/Globalstar/Loral/Bernie Schwartz/Lucent/Motorola/Ericy have done the decent thing and paid the required fees to the Democratic Party so that Bill is seen to be the King Fundraiser. He will go into bat, determined to score some touchdowns with Jiang. They'll sort out WTO [with Mike Moore's good offices, with Mike muttering about lamburgers and free trade]. They'll come to some arrangements over the embassy bombing. They'll have a bit of a truce over Taiwan. Nothing but net! A total hole in one! Go Tigers Go! Yayy for the 7th innings stretch. [Whatever that is]. Both will go back to their wintry concrete jungles with great claims to great achievements. Their legacies at the end of the 20th century will be hailed as works of genius and international harmony. That's my theory anyway. Sun's out, spring's sprung, lambs are gamboling in One Tree Hill domain with daffodils blooming among Early Cheer. How could there be anything but good? Mqurice PS: Oh yes, East Timor voted for independence from Indonesia and the UN is supervising! Okay, so things aren't good everywhere. I suppose there might be a few comments to the Indonesians here next week. Maybe Bill C will call off the FCC now that Allen and co have explained the situation and I suppose made the appropriate donations.