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

To: engineer who wrote (19856)	3/4/2002 10:33:43 AM
From: slacker711	Read Replies (1) \| Respond to of 196660

Would not be surprised to see teh FCC hold all deposits and then if they prevail in teh case, IMPOSE upon the auction winners to take the spectrum they got and pay full price...I wonder how many of hte bidders will be around when they finish up? That's exactly what I am talking about...it seems to me that the value of those licenses was dependent on getting them in a timely fashion. If the FCC didnt lay out some air-tight rules, I would imagine that we are going to see Verizon and others filing suit against the FCC. Slacker

To: engineer who wrote (19856)	3/4/2002 12:39:20 PM
From: carranza2	Read Replies (1) \| Respond to of 196660

The Supremes will sing in '03, and will rule on the issue of whether the FCC has the authority to take back spectrum NW had won in the auction when a BK is pending or whether the FCC has to act like any other creditor and be bound by the protective provisions of the BK Code.. That's the narrow issue and that is probably the narrow point on which the Court will rule. There is an esoteric jurisdictional issue present in the case but I don't think it will matter. However, that issue does have the potential for delaying things beyond '03 should the Supremes focus on it, which I think is unlikely. C@wtfdikIthoughtthey'dneverhearthecaseinthefirstplace.com