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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (1753)	9/21/1999 4:22:00 PM
From: bananawind	Respond to of 13582

Slacker, Nextel can raise all the money they want, but I don't see any way they are going to get their hands on that spectrum. First, the judges rulings so far are clear, if not emphatic, in stating that bankruptcy law and the facts of the case favor Nextwave keeping the spectrum at the reduced value (as of the valuation date - important) of about 1 Billion. Second, if Nextel is allowed to bid, then everyone else will be too. If not, the whole shebang ends up in a dozen courts for the next decade as every player in the industry unlooses their legal hounds. Bankruptcy reorganization is all about, well, reorganizing a business under a viable business plan. I would be surprised to see the court agree, after settling the valuation issue with FCC, that the only viable business plan is for Nextwave to sell its primary asset to nextel. Best regards, Jim