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

To: bruce_hamilton who wrote (12408)	7/4/2001 2:10:43 AM
From: Maurice Winn	Respond to of 197253

RE Globalstar: <...I think they could put that money to better use EXPANDING their investment in NEXTWAVE. I think the R.O.I would be a little better and less risky. Also, maybe we can get Globalstar at fire sale prices later....> And maybe, as with the NextWave spectrum, which people thought would be at fire sale prices later, they'll end up paying $$billions for worldwide spectrum and a fully-functioning global phone system based on CDMA which can integrate with terrestrial systems and has a wide-open technological and market development pathway into future constellations. Mortgagee auctions don't always give bargains. Sometimes auctions get competitive and everyone is amazed at the prices which result. Check out 3G spectrum in Europe. How about the recent illegal re-auction of NextWave's spectrum [which got $17 billion instead of the bankruptcy court's proposed $1 billion]. $17 billion just for a slice of spectrum in some places in the USA. Nobody is going to buy Globalstar at fire sale prices. Mqurice