This stock has been rising strong for the past couple of days. I think that it will continue to play for a day or so at least. Most recent news is two and a half weeks old.

Valuable US airwaves seen auctioned in early 2005
Thursday June 17, 2:57 pm ET
By Jeremy Pelofsky

WASHINGTON, June 17 (Reuters) - Valuable wireless airwaves in scores of U.S. markets, including Los Angeles, Denver and Orlando, will likely be auctioned in January, a sale that could rake in billions, a source familiar with the matter said on Thursday.
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Companies like Verizon Wireless, the biggest U.S. mobile phone company, are hungry for more airwaves to offer additional advanced services like high-speed wireless Internet.

The Federal Communications Commission plans to auction 155 licenses covering about 60 markets that bankrupt NextWave Telecom Inc. (Other OTC:NXLCQ.PK - News) returned, along with another 79 other licenses that failed to sell previously or were returned or reclaimed, the source said.

However, some of the licenses will likely be designated for use only by certain entities, like small businesses, which could make it harder for the big carriers to get their hands on those licenses.

FCC spokeswoman Lauren Patrich declined to comment. The airwaves to be sold are in the 1900 Megahertz (Mhz) band, where most U.S. wireless services operate.

In addition to the expected January auction, the FCC is expected in the next two months to begin the process of making another block of spectrum in that band available for auction.

The FCC had tried to repossess all of NextWave's licenses after the company failed to pay for them on time and resold them for about $15.9 billion in early 2001. The Supreme Court ruled the government wrongly took the licenses back and the resale was voided.

One license that will be for sale in the new auction will cover Los Angeles. In the voided sale, a license for 10 megahertz of spectrum for the city sold for more than $500 million, but that was before the recent U.S. economic downturn and a significant tightening of capital spending by most companies.

NextWave, which is still in bankruptcy, agreed in April to return the majority of its licenses and plans to sell another chunk of licenses covering key markets like New York.

"The spectrum is going to go for less than it did originally, but you never can tell in a bidding war," said Ed Snyder, an analyst at Charter Equity Research. "But it's a zero sum game; if you don't get it your competitor will."

The U.S. wireless industry has suffered a slowdown in growth as there are more than 165 million subscribers. However, carriers can use the extra spectrum for new services and to improve coverage and cut dropped calls, a big gripe by users.

"We very much support auctioning this spectrum," said James Fisher, a spokesman for Sprint Corp. (NYSE:FON - News), which owns the fourth-largest U.S. wireless carrier. He declined to comment on whether the company would bid in the expected auction.

The airwaves to be sold early next year are separate from a block in that band where Nextel Communications Inc. (NasdaqNM:NXTL - News) wants to move its operations to help end interference with public safety communications. That issue is still unresolved.

Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ - News) and Vodafone Group Plc. (London:VOD.L - News; Additional reporting by Sinead Carew in New York.)

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NextWave to auction airwaves in six markets
Tuesday June 8, 10:45 am ET

NEW YORK, June 8 (Reuters) - Bankrupt wireless company NextWave Telecom Inc. (Other OTC:NXLCQ.PK - News) said on Tuesday it plans to auction airwaves in six markets as a step toward reorganizing by the end of the year.
NextWave said the auction, which is subject to bankruptcy court approval, includes wireless spectrum in New York; Denver; Portland, Oregon; Sarasota, Florida; Tampa, Florida; and Tulsa, Oklahoma. It has scheduled an auction for July 8.

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2-Jul-04 Price hit new 52-week high ($6.48)
15-Jun-04 Price hit new 52-week high ($6.05)
14-Jun-04 Price hit new 52-week high ($5.90)
2-Dec-03 Price hit new 52-week low ($2.85)
28-Nov-03 Price hit new 52-week low ($2.90)
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NXLCQ - NEXTWAVE TELECOM (OTC)
Date Open High Low Last Change Volume % Change
07/02/04 6.00 6.48 5.95 6.40 +0.40 4134700 +6.67%

Composite Indicator
Trend Spotter (TM) Buy

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy

Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 1252205

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 1070928

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 1123279

Overall Average: 100% - Buy

Price Support Pivot Point Resistance

6.40 5.75 6.28 6.81

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http://quotes.barchart.com/quote.asp?sym=NXLCQ

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Due Da Due......But Be Quick About It!!!!!