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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Sheldon who wrote (3653)	12/16/1999 7:52:00 PM
From: DOUG H	Read Replies (2) \| Respond to of 15615

The old backdoor play,eh? >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> NextWave had bid $4.7 billion for the PCS spectrum licenses that serve the latest generation of wireless phones in a 1996 government auction, but filed for bankruptcy in 1998 after paying just $474 million of what it owed. The bankruptcy court valued the spectrum licenses at just over $1 billion, leading the Federal Communications Commission (FCC) to appeal. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> I wonder how much the licesnses are worth in today's market? Bankruptcy court says $1 billion. FCC wants $3.7 billion more, right?