NextWave Wireless

NextWave Wireless Inc. (NASDAQ: WAVE) is a wireless technology company that produces mobile multimedia solutions and speculates in the wireless spectrum market. The company consists principally of PacketVideo and various wireless spectrum holdings. The company is most notable for successfully suing the U.S. government for improperly seizing its assets while under bankruptcy protection. The company original spun out of QUALCOMM in 1995 and began life as the biggest bidder in the FCC C-Block. NextWave originally won the licenses in an auction intended for small businesses with limited resources in 1996. NextWave, which bid $4.7 billion for the licenses, made the minimum 10 percent down payment of $500 million for the spectrum. But shortly...