The Oct. 6 news analysis on the C-block personal communications services restructuring should have stated that “If the three commissioners felt so strongly that `rules are rules,’ should not they have decided to do nothing and let the chips fall as they may?”
The three broadband PCS pioneer preference licensees paid the U.S. government $700 million, not $7.7 billion.
The New Jersey federal judge that rejected Nextel Communications Inc. and Motorola Inc.’s motions to dismiss a class action shareholder lawsuit against Nextel and ordered the lawsuit to proceed (RCR, 9/1/97, p. 32) threw out allegations of insider trading against former Nextel executives Brian McAuley, James Dixon, Jack Markell and Joel Schleicher.
