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

To: gdichaz who wrote (214)	12/6/1999 12:20:00 AM
From: Maurice Winn	Respond to of 1088

Chaz, I guess the FCC is simply trying to get $4.3bn bid by NextWave and they are NOT going to let them off the hook if they possibly avoid it. They are trying to prove that the spectrum is in fact worth a lot more than the bankruptcy judge's $1bn opinion. Nextel gave them some tenuous support in that idea. The FCC is trying to get another $3bn into the government accounts. That's a reasonable proposition provided they do it legally. Congress established racial, sexist and economically stupid rules for the C-block auction. The FCC established further stupid auction rules [no large deposits being required BEFORE bidding started] and then were slow issuing licences. The FCC and courts are trying to clean up the mess while getting as much money for the government and creditors as they can. That's reasonable enough, provided they haven't digressed onto a malicious, vexatious and publicly damaging egocentric effort to be 'right' and get their own way. It seems that they are leaning in the direction of vexatious. Maurice