When you're the co-founder of Microsoft there's always that nagging question of what to do with your millions billions. How 'bout bidding for some of that hot 700MHz action in the sweetspot of US spectrum? Seems that Paul Allen has filed to bid in the FCC auction with an entity called Vulcan Spectrum LLC -- an investment company. Hint: Allen is also the majority shareholder of cable operator Charter Communications. Other notables on the list include Google and Verizon Wireless, naturally, as well as Qualcomm -- the protector of patents and MediaFLO mogul. Remember, Qualcomm already holds 700MHz licenses obtained in a June 2003 FCC auction. It all goes down on January 24th when the bidding begins.

[Thanks, Grant G.]

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Paul Allen: Microsoft co-founder, 700MHz auction candidate