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: JGoren who wrote (13728)	8/8/2001 11:28:28 AM
From: saukriver	Read Replies (1) \| Respond to of 196989

I would be very surprised if a stay is granted from the Second Circuit; the court did not stay the auction because the FCC represented that it would give back the licenses to NW if it lost. I would also be surprised if the Second Circuit entered a stay pending appeal. That is because the appeal by the FCC is from an order of the DC Circuit. The Second Circuit has no say on a stay pending appeal of that order. The FCC would have to move in the DC Circuit, lose, and then seek a stay pending appeal from the US Supreme Court.

To: JGoren who wrote (13728)	8/8/2001 12:06:06 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 196989

Will Verizon pay the balance due by Friday? According to the re-auction rules, despite the court order last month that returned all of the licenses to NextWave, the 10 winning bidding companies must pay the balance of their bid totals by Aug. 10, or pay the balance plus 5-percent late fees by Aug. 24, to receive their licenses. To bid on particular market licenses in the auction, companies had to pay up front between 2.5 percent and 1 percent of the amount bid in a previous auction for similar licenses for the same markets. So will Verizon pay the balance due on their $8.8 billion in bids by Friday, or will they, like the NextWave that they criticize, default after having made only one payment? If they do default, will the FCC give them a pass while they try and take back licenses from NextWave for doing the same thing. Will the FCC be in the position of trying to take NexWave's licenses for missing payment so they can give them to Verizon who will have missed the payment schedule. Or will Verizon pay out more than $8 billion to stay current with the FCC and have that money tied up for a year in the thin hope that the FCC will prevail in the Supreme court? This is getting more interesting and messy by the minute. My post assumes this article is accurate about the payment schedule Message 16151245