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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: quidditch who wrote (30010)	5/13/1999 7:08:00 PM
From: Gregg Powers	Respond to of 152472

Regarding SURF: Nextwave could not access the financial markets until the bankruptcy process concluded and its ultimate debt-load determined. Worse, fresh equity (and an improved capital structure) might have actually exacerbated the problem, i.e. despite the appraisal process, its always harder to get debt forgiveness if you appear to be in a position to amortize your existing obligations. Based on the new debt-adjusted cost-per-pop, N/W might actually be viable. The problem is that two-to-three years of lead time have been squandered and there will be heightened competition in the company's markets as a result. We will have to wait and see....