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

To: pcstel who wrote (840)	10/23/2002 1:26:44 PM
From: wlan1957	Read Replies (2) \| Respond to of 1088

This premise while potentially technically correct is not plausible. Once the Supreme Court rules this game is over. There is enough grey area that the FCC could not take the action represented and not start a new round of unproductive lawsuits. Congress would not allow this to happen. My bet is on Nextwave getting their licenses.

To: pcstel who wrote (840)	10/23/2002 2:31:30 PM
From: JGoren	Read Replies (1) \| Respond to of 1088

I don't see much public interest in the FCC's agenda. I was hoping that Powell would make changes; he hasn't. The FCC is a dinosaur that should be done away with because it can't be reformed.

To: pcstel who wrote (840)	10/23/2002 3:04:21 PM
From: Michael Allard	Read Replies (1) \| Respond to of 1088

Is see your point. For the record, I owned Nextwave stock at $5, sold it at $11, so I have no financial interest, but I still follow the saga.... How can the FCC hold Nextwave responsible for buildouts when they: a) Delayed issueing the Nextwave license for over 6 months, causing Nextwave to loose their initial funding. b) Forced Nextwave to file for Bankruptcy (by refusing to stretch out a pre-agreed upon paymnet plan, somthing the C Auction winners asked for after Pocket Communications had filed for protection, and been awarded their license back at 10 cents on the original dollar making it nearly impossible to compete against. - All the FCC had to do was agree to stretch the payments out over 10 years rather than 5, and the large C Block bidders, including Nextwave, would have been able to make it) c) Pulled and reauctioned the license, leaving the ownership of the spectrum in limbo, or should I say, Courts, for over 2 years.

To: pcstel who wrote (840)	4/24/2003 11:59:59 PM
From: waitwatchwander	Read Replies (1) \| Respond to of 1088

FCC Says NextWave's Network Is Compliant wirelessweek.com By Mark Rockwell April 23, 2003 news@2 direct WASHINGTON -- NextWave Telecom is in compliance with network build-out rules, according to the FCC, a development that could pave the way for the company to emerge from its bankruptcy with a promising future. NextWave has been embroiled in a legal battle over spectrum rights, culminating in a U.S. Supreme Court ruling that verified the company's ownership. As part of NextWave's ownership responsibilities, under FCC spectrum rules, the company had to show that it was building network facilities capable of sustaining service in the markets where it owned spectrum--which included 95 cities across the United States. The company filed reports detailing its installation progress with the FCC and at the same time filed for bankruptcy. As the court battle and bankruptcy proceedings continued, NextWave maintained it was meeting its build-out requirements, even though clear ownership of the licenses was in question. The FCC had to sign off on those build-out filings to keep NextWave's ownership valid. FCC officials had said that reviewing and approving the filings was difficult to do before or during the Supreme Court's deliberations on the ownership issue. NextWave critics had said the company's installations were nothing more than window dressing and were incapable of sustaining commercial traffic. 'We're comfortable' with NextWave's build-out compliance efforts, says Bryan Tramont, senior legal advisor to FCC chairman Michael Powell. 'We're very pleased that the commission has approved our demonstrations of compliance with its 'buildout rule' in all 95 markets where NextWave is licensed to provide broadband PCS service,' says NextWave Chairman and CEO Allen Salmasi in a prepared statement. 'Deploying and continuously operating wireless facilities in so many markets while reorganizing in bankruptcy is a tremendous accomplishment by our network team, and is a testament to the confidence of our creditors committee and lender in the company's future. The commission's certification clears a major regulatory requirement for us, and positions us to complete our reorganization successfully and emerge from bankruptcy.'