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Google Bid in Auction Strictly to Trigger Open Access

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A case of "monkey see, monkey do"

T Mobster

Apr 3, 2008, 10:54 PM
🤣 Google played Verizon like a harp. As if Verizon isn't enough in debt. Now they have to sell their stocks to come up with the cash for the spectrum. I wish google would've won the auction though. Imagine the possibilities.
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Zoltar

Apr 3, 2008, 11:22 PM
The possibilities would be only two-fold.

1. A failed Google attempt at a wireless service offering.

2. Google selling or licensing it's spectrum to an established wireless provider in order to make any profit on the purchase.
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chainmail311

Apr 4, 2008, 5:44 PM
not necessarily.

remember, that spectrum would make a great wireless internet provider. It doesn't have to be voice.

Or GoogleTV.....where they can brainwash us all into a perfect society.
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Mike1981x

Apr 4, 2008, 2:22 AM
Verizon is in debt? That sucks if the most profitable wireless company is debt.. Please link the sources of your findings. Thanks in advance.
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Gary Forsee

Apr 4, 2008, 6:32 AM
www.phonescoop.com
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ballisticbanana

Apr 4, 2008, 7:37 AM
lol scroll down on the news page. 😁
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mikus187

Apr 4, 2008, 9:49 AM
hahahaha, this is hilarious. DUH, 31 billion. Google is bluffing again, and if not, this is b.s.
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carmodboy99

Apr 4, 2008, 12:21 PM
LMAO
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jinx7676

Apr 4, 2008, 7:44 AM
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tnt2k1

Apr 4, 2008, 9:36 AM
a lot of companies operate in debt. as someone mentioned in an earlier thread, companies would rather operate in debt and divert their assets to other resources that have a much higher ROI.
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T Mobster

Apr 4, 2008, 11:48 AM
I told u non believers they were in debt. I wasn't lying.lol I have verizon and they should've been using that 700MHz for voice calls. Honestly seems like this time Verizon's ego wrote a check their butt can't cash. 🤣
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carmodboy99

Apr 4, 2008, 12:23 PM
AMEN!
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tnt2k1

Apr 4, 2008, 3:39 PM
but a lot of companies write checks that they can't cash ... it's not an uncommon thing.
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crood

Apr 9, 2008, 8:27 AM
Correct. In fact most companies have debt. Just like most individuals have debt. In fact, large companies have an advantage most individuals don't. Lenders don't want large loans to default, so they make deals to adjust payment and interest rates.

Periodically, there are rumors of Donald Trump being in a financial bind. This is quite common in real estate, where large loans are taken out for construction, with the big payments due later when the property generates revenue. Sometimes revenues fall and buildings don't have enough tenants to pay the loan. The loans are restructured to avoid default. Believe me, no one wants to be the bank officer who let a multi-billion dollar loan default.

As for Google, their plan was no secret. ...
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notrevo

Apr 6, 2008, 1:37 PM
Maybe one day people will do a little reading and figure out Verizon and Verizon Wireless are two different companies. Verizon is in debt not Verizon Wireless.
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carmodboy99

Apr 6, 2008, 3:14 PM
And MAYBE one day people will make sure they know exactly what the deal is before posting misinformation like this... Once again (previously posted, THIS WEEK EVEN) both Verizon AND VZW are indeed in debt, VZW to the tune of $12 BILLION and counting as of about 7 months ago. Stop praising verizon wireless as though they operate above the norm... just like everyone else, they operate under heavy debt... and whats REALLY interesting is, in doing my research on VZW, I found several articles dating back to 2001 from industry critics blatantly trashing the CEO and company alike, VERY much mirroring Sprint's situation at the moment, with their credit rating being downgraded and all, pretty much all based around skepticism about Fios and High spee...
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Nextel9

Apr 7, 2008, 9:44 AM
12 billion dollars of debt and VZW is already dancing with chili's in their a** while Sprint just threw away 29 billion dollars in 2007.
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