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

To: JGoren who wrote (12106)	6/26/2001 11:31:55 AM
From: grinder965	Respond to of 196848

JGoren, Sometimes it's hardest for the simplest facts to sink in. As of today the carriers that won the spectrum in the auction rebid no longer have it....the auctions becomes null and void. What's really amazing is that not only does it seem to be a hard concept for some on this thread to comprehend but we have numerous articles quoting so called experts that feel that there is a high probability that NextWave will agree to return the spectrum (which sold for $16+B and for which NextWave still owes about $4B) for several billion. Why? because it's a lot of money <LOL>

To: JGoren who wrote (12106)	6/27/2001 10:15:27 AM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 196848

>>There is no claim against the FCC.<< JGoren, as recent newspaper articles have noted, if the reauction was nullified, and if any of the successful bidders had already paid at least a portion of the cost of their spectrum, then they are entitled to a return of their money. That is the only thing I noted when I wrote that the bidders have a claim against the FCC. And that is precisely why the FCC is now wondering where it's going to find the money to cover the costs of this mess. Art