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

To: cfoe who wrote (7245)	2/12/2001 9:48:14 PM
From: Cooters	Respond to of 196796

cfoent, <<Is the spectrum auction just finished the re-auction of the Nextwave spectrum? If so, I saw an article today that some smaller players are filing legal complaints that the big boys (T/AWE, Cingular, Sprint, Verizon, Voicestream, ...) used "fronts" to qualify for and participate in the bidding. >> Yes, it was the Nextwave spectrum, although I believe there were additional airwaves in there also. If you remember Q reducing their stake(warrants) in LWIN to satisfy the FCC's requirement for a Designated Entity, it then becomes pretty ignorant to allow these "front-men" to bid on spectrum. Regardless, LWIN did very well, plus the $125M credit played out well for Q and LWIN. The NextWave appeal and the DE challenge add some intrigue to the auction, for sure. Cooters