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To: Night Writer who wrote (1388)3/6/1998 5:48:00 AM
From: Pierre-X  Respond to of 2063
 
Re: Sitting

You said:
The capital investment groups will need some help putting their systems in place. I don't think they bought bandwidth to sit on it.

Why not? Spectrum is like undeveloped real estate -- a limited raw resource with no carrying costs. Plenty of investors buy real estate with no intention whatsoever of building on it. It's a pure appreciation play, and it works.

God bless,
PX
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