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

To: pcstel who wrote (649)	2/1/2002 10:30:13 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 1088

<Most of those that promised funding for Nextwave now realize that they were simply being used as "pawns" by Nextwave in their negotiations with the FCC. Even Qualcomm has grown tired of their deceit.> No. QUALCOMM has simply refrained from putting in money to a bankrupt company until the main asset's legal position is resolved. That's not due to being tired of deceit. That's due to sensible business decisions. Hollings has really messed things up. They didn't like being pushed by another government department [the FCC]. I was the first to point out that the spectrum wasn't overpriced [April 1996] and that NextWave might find themselves ending up paying more for it if they tried to get a discount deal via bankruptcy [about Sept 1996 I think]. The companies bidding were not small companies [they had to be big ones, or at least have big backers, to raise the $billions bid]. The whole concept behind the auctions of XX chromosome, melanin-rich and impoverished people having special rights to the spectrum was sexist, racist and absurd. Congress was stupid to require such rules. Racism, sexism and stupid government rules are responsible for the mess. Not NextWave. I guess ticking the "Yes" box which asks, "Are you a minority?" would breach the rules too. Slaves getting uppity used to be illegal too. The problem isn't the slaves getting uppity, it's the stupid rule-makers. Mqurice

To: pcstel who wrote (649)	2/3/2002 5:01:46 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 1088

<The U.S. Court of Appeals for the District of Columbia ruled last June that the FCC violated bankruptcy law when it repossessed the licenses.> You mentioned <Just a group of "borderline criminals" that were not even eligible to bid on the spectrum in the first place.. They lied on their applications to participate in the Auciton, > If the FCC violated bankruptcy laws by illegally holding an auction of some property they don't own, they defrauded bidders by pretending that the FCC was the owner and controller of the spectrum sold recently for $16 billion, despite the fact that the FCC had previously sold it to NextWave. Not only did they hold an illegal auction, but they now refuse to return the money paid by successful bidders, despite the auction being declared invalid by US courts. If I did all that, I think the constabulary would consider me an over-the-border criminal, not borderline. You've got a cheek calling the real owners of the spectrum borderline crooks. Mq