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Technology Stocks : Nextwave Telecom Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (555)	11/2/2001 4:29:23 PM
From: Maurice Winn	Respond to of 1088

EriQ, Mq was obviously confused about that terrestrial buildout. But with Globalstar technology continuing to perform and be attractive, with a great technological upgrade path along with the rest of the CDMA world, they can get capacity way up from the present maximum of about 10 billion minutes [by way of gateway upgrades and no new satellites]. With 20 billion VEM's [acronymic jargon for voice equivalent minutes] in the existing constellation, that's a lot of capacity. Data rates can be pushed up too. So now, we have NextWave likely to have $4 or $5 billion burning a hole in their pocket. Will they pay off their shareholders and shut the shop? I doubt it. I think they'll drool over Globalstar and seeing the opportunities, will be in like a hungry dog. With that much money, they can build another constellation or expand the existing one [to higher altitudes and with more gateways]. I would be amazed if Allen Salmasi lets Globalstar continue to rot. Irwin Jacobs is obviously keen on Globalstar too. In years to come, maybe the terrestrial use of the spectrum would be allowed too. Mqurice PS: The idea which is commonly expressed that NextWave was always a legal company and corporate speculative profiteer is simply absurd. People saying that must have their brains disconnected from reality. How do they get airtime for such stupid ideas? The reason we know that that is untrue is that NextWave was accused by nearly everyone except me of grossly, like hugely and stupidly, overbidding on the C-block spectrum. Speculators don't pay triple the market value of something. The confirmation that NextWave didn't realize that the spectrum was as hugely valuable as it now appears to be is that they let it get into big trouble [by their backers failing to make payments to the FCC when due]. That put the spectrum [the allegedly cunningly acquired prize] at risk of confiscation. When NextWave went to bankruptcy, everyone, including the judges, thought that spectrum was worth only a fraction of its bid value. Now that NextWave has done extremely well [when they actually get the money], you can bet they will do something big [$5 billion is enough to do something big]. Globalstar is big. It is global. It has inherently low costs and inherently high quality and a great technological upgrade path with a vast market [at the right price per minute or megabyte]. Allen Salmasi was one of the inventors of it. He knows exactly what it's capable of.