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To: LLCF who wrote (12784)	1/4/2002 5:00:10 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<How the US government got $$billions from CDMA inventor <QUALCOMM in a huge windfall is the real story. > What, through taxes other companies would have paid???> Well, it's off-topic really, but QUALCOMM undercharged on royalties, which left a lot of money on the table during the spectrum auctions. If they had charged more, the spectrum bids would have been smaller as there would have been less profit in the selling of the spectrum to consumers. CDMA enabled the huge value in the spectrum to be created. It's about 20x as efficient as analogue and 6x that of TDMA systems, so many, many more people can share the spectrum, which makes it more valuable. Therefore, the governments were lucky and got the windfall in the spectrum auctions. The companies had to compete away that extra value to get hold of the spectrum and that's why they left the extra on the table for the government instead of keeping it for themselves. Since Allen Salmasi, NextWave and QUALCOMM were instrumental in developing CDMA and bringing it to market, they deserved to get the money far more than the government, which didn't create anything. The government just sat there as usual, on their big bums, bumping their gums together. Now they are whining that NextWave and QUALCOMM [through their shareholding] are going to get what is rightfully theirs. Fortunately, there's a Supreme Court to protect property rights and the USA government can't just trample on people to grab the money. Mqurice