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

To: gdichaz who wrote (7841)	3/22/2000 7:09:00 PM
From: Rono	Read Replies (3) \| Respond to of 13582

Chaz, Here are some comments that seem to support and explain FCC motivations to reclaim NextWave's licenses. I think they adequately describe the "other" side of the NextWave saga. "To preserve the integrity of the auctions, Congress should make clear that bidders cannot tie up licenses in bankruptcy proceedings. The end of the auction must be the final determination of terms, not the beginning of negotiations with the FCC under the threat of bankruptcy. My understanding is that this clarification is needed even in auctions without installment payments." senate.gov "It is evident that the Commission?s designated entity set-aside policy for the C and F Block licenses, while well-intentioned, did not effectively serve any of the originally intended goals. It is obvious that small, start-up entities with hundreds of millions, if not billions, of dollars in debt face significant challenges in competitive markets in which some of the nation?s largest communications firms operate. Furthermore, an entity that believes itself capable of bidding and timely making license payments totaling billions of dollars is not a small business by any stretch of the definition. Thus, despite the Commission?s best intentions in devising a designated entity program that would benefit small businesses, it is evident that many participants in the first C Block auction had no intention of meeting the spirit of the Commission?s small business rules." senate.gov RonO