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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (4986)	11/27/2000 7:30:27 PM
From: Kayaker	Respond to of 196546

The refusal removes yet another hurdle to the re-auctioning of the licenses by the Federal Communications Commission as part of a bigger sale of wireless airwaves slated to begin Dec. 12. Any word out there if/what QCOM might purchase in the upcoming auction? ------------------------------------------------------ June 9, 2000 08:24 AM SAN DIEGO, June 9 (Reuters) - Digital wireless company Qualcomm Inc. QCOM on Friday said the Federal Communications Commission (FCC) gave it a $125 million voucher to buy one or more spectrum licenses over three years in bandwidth auctions. A spectrum license is government license provided to telecommunications companies to operate specific bandwidth segments, and is bid on by telecom companies in spectrum auctions. The FCC award is in response to a July 1999 U.S. Court of Appeals decision in which the FCC was ordered to designate Qualcomm a "pioneer" under the Commission's Pioneer's Preference programme and give the company a grant for a bandwidth spectrum.