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

To: YlangYlangBreeze who wrote (65584)	1/31/2000 11:45:00 PM
From: Boplicity	Read Replies (4) \| Respond to of 152472

It's a long drawn out story, but in the beginning there was a god or Dr. J as we call him here, who started a company that holds the key to next gen. wireless based on a some recently dead actresses flash of genus while watching one of her many male friends play piano. God, or Dr. J as he is called, decided to that if he was going to get his baby out, he would have subsidize companies that would be bidding a national treasure that no one can see, but everyone can use, The Air Waves. In return for the use of Dr. Js money, he would get funny money that would be valued by what turn out to be investors that where throwing money at a company (NextWave) that would make it vanished into thin air, sort of like what they where buying (spectrum) in the first place. As always, NextWave founders had big eyes (much like the bulk of the internet IPOs that have happen to date), but little knowledge of what can happen to the little guy when the play with the big guys who stand in their way. So NextWave ran out of money before they could make it happen. So what did they do to protect this valuable spectrum they filed for bankruptcy. FCC didn't like that they where protected by the bankruptcy laws and has tried to take the spectrum back, wasting more of our money and using more of poor little NextWave money. But low and behold, others have seen (Global Crossing) that WOW, NextWave holds a gold mine lets give them more money so they can pay the big bad FCC what they are supposed to for the spectrum, so they can go ahead build out what we then can have some of to complement our wireland network, and by pass the old fat rebocs (old bell operating companies) for the last mile. hehhehhe.. What is important is to not let McCaw (Nextel) and his army of iDENT (made by the evil MOT) phone users get hold of this very valuable spectrum that is suppose to be CDMA. Dr. Who.

To: YlangYlangBreeze who wrote (65584)	2/1/2000 12:44:00 AM
From: GO*QCOM	Read Replies (3) \| Respond to of 152472

I am no expert but I have been in QUALCOMM stock since early 92 so I will give it a shot from memory best to my recollection.Nextwave Telecom is a company founded by some early QUALCOMM executives.The ambition of the new company was to acquire as many licenses in the 900 spectrum bandwidth.The bandwidth was scheduled to be auctioned off by the FCC and was termed the C Block.The designated spectrum was available to bidders who were in the small business category.QUALCOMM could not participate because it was a big business and ineligible.Nextwave sought financial backing of approximately 25 percent from foreign entities to help buy up the licenses in the auction.The rest of the money they were to pay back the FCC over a period of years and thought they could do an IPO stock offering to raise the money.Wall street soured on that area at the time so Nextwave never had an opportunity to raise the capital and then slid into bankruptcy.Nextwave all along planned to give QUALCOMM a huge infrastructure order for CDMA base stations and phones.Nextwave's licences were originally bid for to the tune of over 4 billion and later the courts reduced the money owed to around 1 billion.The FCC has tried to due Nextwave in by causing a sudden death of the company by twisting the bankruptcy law to there advantage but the appellate court balked at the FCC in favor of Nextwave.Nextwave now has the chance to pay for its licenses with new sponsorship from companies like Global crossing and Liberty Media.Nextwave plans to roll out HDR to become the first USA company to do a nationwide high speed CDMA wireless network.