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[TowerTalk] ITU ANNOUNCES IMMEDIATE AUCTION

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Subject: [TowerTalk] ITU ANNOUNCES IMMEDIATE AUCTION
From: hschuett@juno.com (hschuett@juno.com)
Date: Tue, 31 Mar 1998 17:58:29 -0500
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ITU ANNOUNCES IMMEDIATE AUCTION OF ENTIRE ELECTROMAGNETIC SPECTRUM
------------------------------------------------------------------------

Geneva (April 1). The International Telecommunications Union (ITU) today 
announced that it was selling the entire set of frequencies of the 
electromagnetic spectrum in order to provide a permanent endowment for
the 
United Nations family of organizations for the indefinite future.

"We've learned a lot from our American colleagues at the FCC, said a 
spokesperson for the ITU. Their spectrum allocation auctions have
convinced us 
that the capitalist model is superior to our established ways of
allocating 
spectrum. We realized that we could improve on their model by extending
the 
auction to include all frequencies, not just those for narrow
communication 
purposes.

As might be expected, initial bidding activity has been fiercest in the
visible 
frequency range. An anonymous source has reported that IBM has been
bidding in 
excess of U.S. $50 million for the rights to exclusive use of Pantone
3462, 
otherwise known as IBM Blue. Cosmetics manufacturers are fighting
fiercely for 
rights to use approximately 218 different very narrow  frequency ranges
in the 
reds, ensuring uniqueness for their extensive collection of lipsticks and
other 
cosmetics.

In a bold move to preserve financial stability, the U. S. Government
immediately 
appropriated the U.S. dollar green part of the spectrum to protect the
integrity 
of its money supply. Shortly thereafter, House Majority Leader Newt
Gingrich 
introduced a bill that prohibited turning (that shade of) green with envy
by 
illegal aliens. At a campaign rally in Orange (tm), Connecticut,
Presidential 
candidate Pat Buchanan quickly endorsed the measure but added that it did
not go 
far enough. "We'll put full frequency filters all along the wall at the
Mexican 
border, he said, to make sure that those foreigners don't steal
all-American 
frequency rights!" he said. The Justice Department has promised full
cooperation 
in the event that the bill became law.

Vladimir Zhirinovsky, a leading contender for the Russian Presidency,
said, 
"Red is our heritage, our birthright! You can auction all the other
frequencies 
in the spectrum, but after I win the next election I shall take  this
matter up 
immediately and most forcefully with your Governing Body!"

The Ku Klux Klan registered extreme dismay when the purity of the
whiteness  of 
their costumes began to degrade as slivers of the frequencies comprising
white 
were auctioned off and withdrawn from the market. Faced with the
realization 
that as more and more frequencies are withdrawn from public use, the
color of 
their robes will ultimately approach black as a limit, a spokesperson
said, "It 
just ain't no fun here anymore," and suggested that this might be
sufficient to 
cause the organization to disband.

Manufacturers of prisms for physics instruction were aghast at the
thought of 
having to produce prisms that displayed only those specific colors for
which no 
bid was obtained or accepted. The National Council of Scientific
Instrument 
Manufacturers has stated its intent to petition the National Science
Foundation 
to create an Acceptable Use Policy that would allow unrestricted use of
the 
visible part of the spectrum for instructional purposes only.

Blue Cross/Blue Shield was ecstatic about the auction, saying that the
sky was 
the limit for their bid for the X-ray frequencies. "Once we obtain these 
frequencies for our appropriate use, medical care issues in this country
with 
respect to HMOs and PPOs can be definitively solved," a spokesperson
said.

Manufacturers of sunscreen and other blocking agents bid highly for the
ultra-
violet part of the spectrum, vowing to place them in a public trust for 
public 
benefit, saying, "the public cannot be deprived of this valuable natural 
resource. By our actions, we shall preserve it for future generations."

Monochrome computer video display manufacturers expressed secret
satisfaction at 
the sudden move. One of them volunteered off the record, "Since black is
the 
absence of any color, we'll be in business as long as we can use any
other 
visible frequency whatsoever!"

In an ironic consequence of this new policy, representatives of the ITU
were 
unable to sign the agreement awarding the charcoal gray frequency to
Brooks 
Brothers because the only pen available used ink of a color that had 
already 
been auctioned off. Knowing the integrity of the UN family of
organizations, the 
Brooks Brothers representative consummated the deal with  a handshake.

A resale market for frequencies has rapidly developed. The Chicago
Commodities 
Exchange has announced that it is making a primary market in frequency
rights, 
and trading has begun. At press time, October yellows in  the 3.34-3.50
THz 
range were quoted at $2.50 bid and $2.625 asked per angstrom, with 146
contracts 
already finalized. Christmas season reds and greens have quadrupled in
price 
since the market opened, and traders are anticipating vigorous market
activity 
later this year.

ITU officials were very pleased with the results of the auction so far, 
declaring that the revolution had just started. Said one ITU
representative, 
"With this auction we've only affected the space impacting one of the
five human 
senses. We're currently looking into the ownership of rights to the
audible 
frequencies and olefactory space, and we hope to proceed with another
offering 
very soon."

The Headquarters of the International Telecommunications Union is located
in 
Geneva, Switzerland.


73 de K3LOW-Hank

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