Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Art Bechhoefer who wrote (12135)	6/27/2001 10:50:42 AM
From: Andrew N. Cothran	Read Replies (1) \| Respond to of 196845

Where is the FCC going to find the money (to repay any funds it received from the illegal reauction)? It will find it exactly where it deposited it. Art, if the FCC received funds from those who successfully bid in the reauction, isn't it fair to assume that the FCC prudently deposited that money against the possibility that it would have to be refunded if the reauction was nullified by the courts? And isn't that exactly what has happened. The reauction was held on the premise that, if Nextwave was successful in the courts, the reauction would be nullified. The FCC also stated in its brief to the court that should Nextwave prevail, THE FCC WOULD RELEASE THE CONTESTED SPECTRUM TO NEXTWAVE. What the newspaper reporters seem to forget is that Nextwave is legally entitled to its spectrum, having won it on the high bid in the orginal auction. Nextwave was prevented from paying for its spectrum by the FCC. Nextwave now stands ready and willing to pay. Those reporters who continue to feed the public with misinformation regarding Nextwave's legal status are doing themselves and the public no good. The only issue now is: Will the FCC honor its previous commitment to restore Nextwave's spectrum as it vowed that it would IF Nextwave prevailed in its court case? Nextwave prevailed. Now, will the Congress and the Attorney General permit (if not insist) that the FCC honor its legal obligations? Or will other parties continue those efforts inspired by their own vested interests and particular special biases, regardless of the clear legal status of the issue, to obfuscate, delay, confuse, and hopefully win through other subterfuges and machinations what they have been unable to win in court? It's high time for the fud to cease.