SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                ----------------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

                                ----------------

    INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c)
        AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE
                         SECURITIES EXCHANGE ACT OF 1934



                             NEXTWAVE WIRELESS INC.
                                (Name of Issuer)

                     COMMON STOCK PAR VALUE $0.001 PER SHARE
                         (Title of Class of Securities)

                                    65337Y102
                                 (CUSIP Number)

                                December 31, 2006
             (Date of Event Which Requires Filing of this Statement)

         Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

         [ ] Rule 13d-1(b)

         [ ] Rule 13d-1(c)

         [X] Rule 13d-1(d)

-----------

         * The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

         The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).





Schedule 13G
CUSIP No. 65337Y102                                               Page 2 of 42


------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner Partners
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      New York
------------------------------------------------------------------------------

NUMBER OF         (5)      SOLE VOTING POWER
                           0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)      SHARED VOTING POWER
                           1,183,791
OWNED BY          ------------------------------------------------------------

EACH              (7)      SOLE DISPOSITIVE POWER
                           0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)      SHARED DISPOSITIVE POWER
                           1,183,791
------------------------------------------------------------------------------
         (9)      AGGREGATE AMOUNT BENEFICIALLY OWNED
                  BY EACH REPORTING PERSON
                  1,183,791
------------------------------------------------------------------------------
         (10)     CHECK BOX IF THE AGGREGATE AMOUNT
                  IN ROW (9) EXCLUDES CERTAIN SHARES                       [ ]
------------------------------------------------------------------------------
         (11)     PERCENT OF CLASS REPRESENTED
                  BY AMOUNT IN ROW (9)
                  1.4%
------------------------------------------------------------------------------
         (12)     TYPE OF REPORTING PERSON
                  PN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 3 of 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Davidson Kempner Institutional Partners, L.P.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       1,950,092
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       1,950,092
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               1,950,092
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               2.4%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               PN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 4 of 42


------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      M. H. Davidson & Co.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      New York
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       141,783
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       141,783
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               141,783
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
               0.2%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               PN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 5 of 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Davidson Kempner International, Ltd.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
       British Virgin Islands
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                        0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)   SHARED VOTING POWER
                        2,033,379
OWNED BY          ------------------------------------------------------------

EACH              (7)   SOLE DISPOSITIVE POWER
                        0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                        2,033,379
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               2,033,379
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
               2.5%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               CO
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 6 of 42


------------------------------------------------------------------------------
(1)  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
     Serena Limited
------------------------------------------------------------------------------
(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)  SEC USE ONLY
------------------------------------------------------------------------------
(4)  CITIZENSHIP OR PLACE OF ORGANIZATION
     Cayman Islands
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       83,536
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       83,536
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               83,536
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
               0.1%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               CO

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 7 of 42


------------------------------------------------------------------------------
(1)  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
     Davidson Kempner Distressed Opportunities Fund LP
------------------------------------------------------------------------------
(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)  SEC USE ONLY
------------------------------------------------------------------------------
(4)  CITIZENSHIP OR PLACE OF ORGANIZATION
     Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       7,729
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       7,729
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               7,729
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               0.0%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               PN

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 8 of 42



------------------------------------------------------------------------------
(1)  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
     Davidson Kempner Distressed Opportunities International Ltd.
------------------------------------------------------------------------------
(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)  SEC USE ONLY
------------------------------------------------------------------------------
(4)  CITIZENSHIP OR PLACE OF ORGANIZATION
     Cayman Islands
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       14,805
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       14,805
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               14,805
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               0.0%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               CO
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 9 of 42


------------------------------------------------------------------------------
(1)  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
     MHD Management Co.
------------------------------------------------------------------------------
(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)  SEC USE ONLY
------------------------------------------------------------------------------
(4)  CITIZENSHIP OR PLACE OF ORGANIZATION
     New York
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       1,183,791
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       1,183,791
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               1,183,791
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               1.4%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               PN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 10 of 42


------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner Advisers Inc.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      New York
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       1,950,092
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       1,950,092
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               1,950,092
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               2.4%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               IA
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 11 of 42


------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner International Advisors, L.L.C.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       2,116,915
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       2,116,915
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               2,116,915
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               2.6%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               OO
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                               Page 12 of 42


------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      DK Group LLC
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       7,729
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       7,729
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               7,729
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
               0.0%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               OO
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 13 of 42


------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      DK Management Partners LP
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       14,805
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       14,805
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               14,805
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               0.0%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               PN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 14 of 42


------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      DK Stillwater GP LLC
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       14,805
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       14,805
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               14,805
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               0.0%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               OO
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 15 of 42


------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Thomas L. Kempner, Jr.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      United States
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       166
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,416,047
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       166
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,416,047
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               5,416,213
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               6.6%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 16 of 42


--------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Marvin H. Davidson
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      United States
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,415,114
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,415,114
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               5,415,114
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               6.6%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 17 of 42


 ------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Stephen M. Dowicz
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
       United States
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,415,114
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,415,114
------------------------------------------------------------------------------
         (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
                BY EACH REPORTING PERSON
                5,415,114
------------------------------------------------------------------------------
         (10)   CHECK BOX IF THE AGGREGATE AMOUNT
                IN ROW (9) EXCLUDES CERTAIN SHARES                         [ ]
------------------------------------------------------------------------------
         (11)   PERCENT OF CLASS REPRESENTED
                BY AMOUNT IN ROW (9)
                6.6%
------------------------------------------------------------------------------
         (12)   TYPE OF REPORTING PERSON
                IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 18 of 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Scott E. Davidson
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
       United States
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,415,114
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,415,114
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               5,415,114
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               6.6%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 19 of 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Michael J. Leffell
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
       United States
-----------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,415,114
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,415,114
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               5,415,114
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               6.6%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 20 of 42


------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Timothy I. Levart
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      United Kingdom & United States
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,415,114
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,415,114
------------------------------------------------------------------------------
         (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
                BY EACH REPORTING PERSON
                5,415,114
------------------------------------------------------------------------------
         (10)   CHECK BOX IF THE AGGREGATE AMOUNT
                IN ROW (9) EXCLUDES CERTAIN SHARES                         [ ]
------------------------------------------------------------------------------
         (11)   PERCENT OF CLASS REPRESENTED
                BY AMOUNT IN ROW (9)
                6.6%
------------------------------------------------------------------------------
         (12)   TYPE OF REPORTING PERSON
                IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 21 of 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Robert J. Brivio, Jr.
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
       United States
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,415,114
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,415,114
------------------------------------------------------------------------------
         (9)      AGGREGATE AMOUNT BENEFICIALLY OWNED
                  BY EACH REPORTING PERSON
                  5,415,114
------------------------------------------------------------------------------
         (10)     CHECK BOX IF THE AGGREGATE AMOUNT
                  IN ROW (9) EXCLUDES CERTAIN SHARES                       [ ]
------------------------------------------------------------------------------
         (11)     PERCENT OF CLASS REPRESENTED
                  BY AMOUNT IN ROW (9)
                  6.6%
------------------------------------------------------------------------------
         (12)     TYPE OF REPORTING PERSON
                  IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 22 of 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Eric P. Epstein
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
       United States
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,415,114
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,415,114
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               5,415,114
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               6.6%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 23 of 42


------------------------------------------------------------------------------
(1)    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Anthony A. Yoseloff
------------------------------------------------------------------------------
(2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)    SEC USE ONLY
------------------------------------------------------------------------------
(4)    CITIZENSHIP OR PLACE OF ORGANIZATION
       United States
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,415,114
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,415,114
------------------------------------------------------------------------------
         (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
                BY EACH REPORTING PERSON
                5,415,114
------------------------------------------------------------------------------
         (10)   CHECK BOX IF THE AGGREGATE AMOUNT
                IN ROW (9) EXCLUDES CERTAIN SHARES                         [ ]
------------------------------------------------------------------------------
         (11)   PERCENT OF CLASS REPRESENTED
                BY AMOUNT IN ROW (9)
                6.6%
------------------------------------------------------------------------------
         (12)   TYPE OF REPORTING PERSON
                IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 24 of 42


------------------------------------------------------------------------------
(1)     NAME OF REPORTING PERSON
        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
        Avram Z. Friedman
------------------------------------------------------------------------------
(2)     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (a) [ ]
                                                             (b) [X]
------------------------------------------------------------------------------
(3)     SEC USE ONLY
------------------------------------------------------------------------------
(4)     CITIZENSHIP OR PLACE OF ORGANIZATION
        United States
------------------------------------------------------------------------------

NUMBER OF         (5)  SOLE VOTING POWER
                       0
SHARES            ------------------------------------------------------------

BENEFICIALLY      (6)  SHARED VOTING POWER
                       5,415,114
OWNED BY          ------------------------------------------------------------

EACH              (7)  SOLE DISPOSITIVE POWER
                       0
REPORTING         ------------------------------------------------------------

PERSON WITH       (8)  SHARED DISPOSITIVE POWER
                       5,415,114
------------------------------------------------------------------------------
         (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
               BY EACH REPORTING PERSON
               5,415,114
------------------------------------------------------------------------------
         (10)  CHECK BOX IF THE AGGREGATE AMOUNT
               IN ROW (9) EXCLUDES CERTAIN SHARES                          [ ]
------------------------------------------------------------------------------
         (11)  PERCENT OF CLASS REPRESENTED
               BY AMOUNT IN ROW (9)
               6.6%
------------------------------------------------------------------------------
         (12)  TYPE OF REPORTING PERSON
               IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 65337Y102                                              Page 25 of 42


ITEM 1(a).  NAME OF ISSUER:

            Nextwave Wireless Inc. (the "Company")

ITEM 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

            12670 High Bluff Drive
            San Diego, CA 92130

ITEM 2(a).  NAME OF PERSON FILING:

         This Statement is filed by each of the entities and persons listed
below, all of whom together are referred to herein as the "Reporting Persons":

            (i)      Davidson Kempner Partners, a New York limited
                     partnership ("DKP");

            (ii)     Davidson Kempner Institutional Partners, L.P., a
                     Delaware limited partnership ("DKIP");

            (iii)    M. H. Davidson & Co., a New York limited partnership
                     ("CO");

            (iv)     Davidson Kempner International, Ltd., a British
                     Virgin Islands corporation ("DKIL");

            (v)      Serena Limited, a Cayman Islands corporation
                     ("Serena");

            (vi)     Davidson Kempner Distressed Opportunities Fund LP, a
                     Delaware limited partnership ("DKDOF");

            (vii)    Davidson Kempner Distressed Opportunities
                     International Ltd., a Cayman Islands corporation
                     ("DKDOI");

            (viii)   MHD Management Co., a New York limited partnership
                     and the general partner of DKP ("MHD");

            (ix)     Davidson Kempner Advisers Inc., a New York
                     corporation and the general partner of DKIP ("DKAI"),
                     which is registered as an investment adviser with the
                     U.S. Securities and Exchange Commission;

            (x)      Davidson Kempner International Advisors, L.L.C., a
                     Delaware limited liability company and the manager of
                     DKIL and Serena ("DKIA"); and

            (xi)     DK Group LLC, a Delaware limited liability company
                     and the general partner of DKDOF ("DKG");

            (xii)    DK Management Partners LP, a Delaware limited
                     partnership and the investment manager of DKDOI
                     ("DKMP");





Schedule 13G
CUSIP No. 65337Y102                                              Page 26 of 42


            (xiii)   DK Stillwater GP LLC, a Delaware limited liability
                     company and the general partner of DKMP ("DKS"); and

            (xiv)    Messrs. Thomas L. Kempner, Jr., Marvin H. Davidson,
                     Stephen M. Dowicz, Scott E. Davidson, Michael J.
                     Leffell, Timothy I. Levart, Robert J. Brivio, Jr.,
                     Anthony A. Yoseloff, Eric P. Epstein and Avram Z.
                     Friedman (collectively, the "Principals"), who are
                     the general partners of CO and MHD, the sole managing
                     members of DKIA and DKG and the sole stockholders of
                     DKAI. Messrs. Thomas L. Kempner, Jr. and Timothy I.
                     Levart are Executive Managing Member and Deputy
                     Executive Managing Member, respectively, of DKS, and
                     along with Messrs. Marvin H. Davidson, Stephen M.
                     Dowicz, Scott E. Davidson, Michael J. Leffell, Robert
                     J. Brivio, Jr., Anthony A. Yoseloff, Eric P. Epstein
                     and Avram Z. Friedman are limited partners of DKMP.

ITEM 2(b).        ADDRESS OF PRINCIPAL BUSINESS OFFICE:

         The address of the principal business office of each of the Reporting
Persons is c/o Davidson Kempner Partners, 65 East 55th Street, 19th Floor, New
York, New York 10022.

ITEM 2(c).   CITIZENSHIP:

             (i)     DKP - a New York limited partnership

             (ii)    DKIP - a Delaware limited partnership

             (iii)   CO - a New York limited partnership

             (iv)    DKIL - a British Virgin Islands corporation

             (v)     Serena - a Cayman Islands corporation

             (vi)    DKDOF - a Delaware limited partnership

             (vii)   DKDOI - a Cayman Islands corporation

             (viii)  MHD - a New York limited partnership

             (ix)    DKAI - a New York corporation

             (x)     DKIA - a Delaware limited liability company

             (xi)    DKG - a Delaware limited liability company

             (xii)   DKMP - a Delaware limited partnership

             (xiii)  DKS - a Delaware limited liability company

             (xiv)   Thomas L. Kempner, Jr. - United States

             (xv)    Marvin H. Davidson - United States





Schedule 13G
CUSIP No. 65337Y102                                              Page 27 of 42


             (xvi)   Stephen M. Dowicz - United States

             (xvii)  Scott E. Davidson -United States

             (xviii) Michael J. Leffell - United States

             (xix)   Timothy I. Levart - United Kingdom & United States

             (xx)    Robert J. Brivio, Jr. - United States

             (xxi)   Eric P. Epstein - United States

             (xxii)  Anthony A. Yoseloff - United States

             (xxiii) Avram Z. Friedman - United States

ITEM 2(d).  TITLE OF CLASS OF SECURITIES:

         COMMON STOCK PAR VALUE $0.001 PER SHARE

ITEM 2(e).  CUSIP NUMBER:

         65337Y102

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:

             (a)  [ ] Broker or dealer registered under Section 15
                      of the Act;

             (b)  [ ] Bank as defined in Section 3(a)(6) of the
                      Act;

             (c)  [ ] Insurance Company as defined in Section
                      3(a)(19) of the Act;

             (d)  [ ] Investment Company registered under Section 8
                      of the Investment Company Act of 1940;

             (e)  [ ] Investment Adviser registered under Section 203 of the
                      Investment Advisers Act of 1940:  see
                      Rule 13d-1(b)(1)(ii)(E);

             (f)  [ ] Employee Benefit Plan, Pension Fund which is subject to
                      the provisions of the Employee Retirement Income
                      Security Act of 1974 or Endowment Fund; see
                      Rule 13d-1(b)(1)(ii)(F);

             (g)  [ ] Parent Holding Company, in accordance with
                      Rule 13d-1(b)(ii)(G);

             (h)  [ ] Savings Associations as defined in Section
                      3(b) of the Federal Deposit Insurance Act;

             (i)  [ ] Church Plan that is excluded from the
                      definition of an investment company under Section
                      3(c)(14) of the Investment Company Act of 1940;





Schedule 13G
CUSIP No. 65337Y102                                              Page 28 of 42


             (j)  [ ] Group, in accordance with Rule
                      13d-1(b)(1)(ii)(J).

ITEM 4.   OWNERSHIP.

         The Principals may be deemed to beneficially own an aggregate of
5,415,114 Shares as a result of their voting and dispositive power over the
5,415,114 Shares beneficially owned by DKP, DKIP, DKIL, Serena, CO, DKDOF and
DKDOI.(1)

         DKIA may be deemed to beneficially own the 2,033,379 Shares
beneficially owned by DKIL and the 83,536 Shares beneficially owned by Serena as
a result of its voting and dispositive power over those Shares. DKAI may be
deemed to beneficially own the 1,950,092 Shares beneficially owned by DKIP as a
result of its voting and dispositive power over those Shares. MHD may be deemed
to beneficially own the 1,183,791 Shares beneficially owned by DKP as a result
of its voting and dispositive power over those Shares. DKG may be deemed to
beneficially own the 7,729 Shares beneficially owned by DKDOF as a result of its
voting and dispositive power over those Shares. DKMP and DKS may be deemed to
beneficially own the 14,805 Shares beneficially owned by DKDOI as a result of
their voting and dispositive power over those Shares.

         In addition, Mr. Kempner may be deemed to beneficially own the
following Shares: Thomas L. Kempner, Jr. Individual Retirement Account ("IRA"),
as to 166 Shares; Katheryn C. Patterson ("Patterson"), as to 683 Shares;
Katheryn Clews Patterson Individual Retirement Account ("Patterson IRA"), as to
250 Shares. Patterson is Mr. Kempner's spouse.

         A. DKP

              (a) Amount beneficially owned: 1,183,791

              (b) Percent of class: 1.4%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 1,183,791

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        1,183,791

         B. DKIP

              (a) Amount beneficially owned: 1,950,092

              (b) Percent of class: 2.4%



--------------------
(1) The following foundations and trusts hold securities of the issuer and were
established by the Principals: Thomas L. Kempner Jr. Foundation Inc. (1,100);
Thomas Kempner and Thomas L. Kempner Jr. Trustees U/A/D FBO Thomas Nathaniel
Kempner (16); Thomas L. Kempner, Thomas L. Kempner Trustees U/A/D FBO Trevor M.
Kempner (33); John Freund and Mada Lyn Ciocca Trustees U/A/D FBO Jessica Kempner
(33). The securities held by the trusts and foundations are not included with
the holdings of the Principals on this Schedule 13G. The Reporting Persons
disclaim beneficial ownership over these Shares pursuant to Section 16 of the
Securities Exchange Act of 1934.





Schedule 13G
CUSIP No. 65337Y102                                              Page 29 of 42


              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 1,950,092

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        1,950,092

         C. CO

              (a) Amount beneficially owned: 141,783

              (b) Percent of class: 0.2%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 141,783

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        141,783

         D. DKIL

              (a) Amount beneficially owned: 2,033,379

              (b) Percent of class: 2.5%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 2,033,379

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        2,033,379

         E. Serena

              (a) Amount beneficially owned: 83,536

              (b) Percent of class: 0.1%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0





Schedule 13G
CUSIP No. 65337Y102                                              Page 30 of 42


                  (ii)  shared power to vote or to direct the vote: 83,536

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        83,536

         F. DKDOF

              (a) Amount beneficially owned: 7,729

              (b) Percent of class: 0.0%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 7,729

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        7,729

         G. DKDOI

              (a) Amount beneficially owned: 14,805

              (b) Percent of class: 0.0%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 14,805

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        14,805

         H. MHD

              (a) Amount beneficially owned: 1,183,791

              (b) Percent of class: 1.4%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 1,183,791

                  (iii) sole power to dispose or to direct the disposition: 0





Schedule 13G
CUSIP No. 65337Y102                                              Page 31 of 42


                  (iv)  shared power to dispose or to direct the disposition:
                        1,183,791

         I. DKAI

              (a) Amount beneficially owned: 1,950,092

              (b) Percent of class: 2.4%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 1,950,092

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        1,950,092

         J. DKIA

              (a) Amount beneficially owned: 2,116,915

              (b) Percent of class: 2.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 2,116,915

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        2,116,915

         K. DKG

              (a) Amount beneficially owned: 7,729

              (b) Percent of class: 0.0%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 7,729

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        7,729



Schedule 13G
CUSIP No. 65337Y102                                              Page 32 of 42


         L. DKMP

              (a) Amount beneficially owned: 14,805

              (b) Percent of class: 0.0%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 14,805

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        14,805

         M. DKS

              (a) Amount beneficially owned: 14,805

              (b) Percent of class: 0.0%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 14,805

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        14,805

         N. Thomas L. Kempner, Jr.

              (a) Amount beneficially owned: 5,416,213

              (b) Percent of class: 6.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 166

                  (ii)  shared power to vote or to direct the vote: 5,416,047

                  (iii) sole power to dispose or to direct the disposition: 166

                  (iv)  shared power to dispose or to direct the disposition:
                        5,416,047

         O. Marvin H. Davidson

              (a) Amount beneficially owned: 5,415,114

              (b) Percent of class: 6.6%



Schedule 13G
CUSIP No. 65337Y102                                              Page 33 of 42


              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 5,415,114

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        5,415,114

         P. Stephen M. Dowicz

              (a) Amount beneficially owned: 5,415,114

              (b) Percent of class: 6.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 5,415,114

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        5,415,114

         Q. Scott E. Davidson

              (a) Amount beneficially owned: 5,415,114

              (b) Percent of class: 6.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 5,415,114

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        5,415,114

         R. Michael J. Leffell

              (a) Amount beneficially owned. 5,415,114

              (b) Percent of class: 6.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0




Schedule 13G
CUSIP No. 65337Y102                                              Page 34 of 42


                  (ii)  shared power to vote or to direct the vote: 5,415,114

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        5,415,114

         S. Timothy I. Levart

              (a) Amount beneficially owned: 5,415,114

              (b) Percent of class: 6.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 5,415,114

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        5,415,114

         T. Robert J. Brivio, Jr.

              (a) Amount beneficially owned: 5,415,114

              (b) Percent of class: 6.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 5,415,114

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        5,415,114

         U. Eric P. Epstein

              (a) Amount beneficially owned: 5,415,114

              (b) Percent of class: 6.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 5,415,114

                  (iii) sole power to dispose or to direct the disposition: 0



Schedule 13G
CUSIP No. 65337Y102                                              Page 35 of 42


                  (iv)  shared power to dispose or to direct the disposition:
                        5,415,114

         V. Anthony A. Yoseloff

              (a) Amount beneficially owned: 5,415,114

              (b) Percent of class: 6.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 5,415,114

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)   shared power to dispose or to direct the disposition:
                         5,415,114

         W. Avram Z. Friedman

              (a) Amount beneficially owned: 5,415,114

              (b) Percent of class: 6.6%

              (c) Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote: 0

                  (ii)  shared power to vote or to direct the vote: 5,415,114

                  (iii) sole power to dispose or to direct the disposition: 0

                  (iv)  shared power to dispose or to direct the disposition:
                        5,415,114


ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

         Not applicable.

ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

         Not applicable.

ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
         SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

         Not applicable.



Schedule 13G
CUSIP No. 65337Y102                                              Page 36 of 42


ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

         See Item 4.

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP.

         Not applicable.

ITEM 10. CERTIFICATION.  (if filing pursuant to Rule 13d-1(c))

         Each of the Reporting Persons hereby makes the following certification:

         By signing below we certify that, to the best of our knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.





Schedule 13G
CUSIP No. 65337Y102                                              Page 37 of 42


                                   SIGNATURES

         After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.

DATED:  February 14, 2007        DAVIDSON KEMPNER PARTNERS
                                 By: MHD Management Co.,
                                 its General Partner

                                 /s/ Thomas L. Kempner, Jr.
                                 --------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: Managing Partner

                                 DAVIDSON KEMPNER INSTITUTIONAL
                                 PARTNERS, L.P.
                                 By: Davidson Kempner Advisers Inc.,
                                 its General Partner

                                 /s/ Thomas L. Kempner, Jr.
                                 --------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: President

                                 M.H. DAVIDSON & CO.

                                 /s/ Thomas L. Kempner, Jr.
                                 --------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: Managing Partner

                                 DAVIDSON KEMPNER INTERNATIONAL, LTD.
                                 By: Davidson Kempner International Advisors,
                                 L.L.C.,
                                 its Investment Manager

                                 /s/ Thomas L. Kempner, Jr.
                                 --------------------------------
                                 Name:   Thomas L. Kempner, Jr.
                                 Title:  Executive Managing Member

                                 SERENA LIMITED
                                 By: Davidson Kempner International Advisors,
                                 L.L.C.,
                                 its Investment Manager

                                 /s/ Thomas L. Kempner, Jr.
                                 --------------------------------
                                 Name:   Thomas L. Kempner, Jr.
                                 Title:  Executive Managing Member





Schedule 13G
CUSIP No. 65337Y102                                              Page 38 of 42


                                 DAVIDSON KEMPNER DISTRESSED
                                 OPPORTUNITIES FUND LP
                                 By:  DK Group LLC
                                 its General Partner

                                 /s/ Thomas L. Kempner, Jr.
                                 ---------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: Executive Managing Member

                                 DAVIDSON KEMPNER DISTRESSED
                                 OPPORTUNITIES INTERNATIONAL LTD.
                                 By:  DK Management Partners LP
                                 its Investment Manager
                                 By:  DK Stillwater GP LLC, its general partner

                                 /s/ THOMAS L. KEMPNER, JR.
                                 ---------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: Executive Managing Member

                                 MHD MANAGEMENT CO.

                                 /s/ Thomas L. Kempner, Jr.
                                 ---------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: Managing Partner

                                 DAVIDSON KEMPNER ADVISERS INC.

                                 /s/ Thomas L. Kempner, Jr.
                                 ---------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: President

                                 DAVIDSON KEMPNER INTERNATIONAL
                                 ADVISORS, L.L.C.

                                 /s/ Thomas L. Kempner, Jr.
                                 ---------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: Executive Managing Member

                                 DK GROUP LLC

                                 /s/ Thomas L. Kempner, Jr.
                                 ---------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: Executive Managing Member





Schedule 13G
CUSIP No. 65337Y102                                              Page 39 of 42


                                 DK MANAGEMENT PARTNERS LP
                                 By:  DK Stillwater GP LLC, its general partner

                                 /s/ Thomas L. Kempner, Jr.
                                 ---------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: Executive Managing Member

                                 DK STILLWATER GP LLC

                                 /s/ Thomas L. Kempner, Jr.
                                 ---------------------------------
                                 Name:  Thomas L. Kempner, Jr.
                                 Title: Executive Managing Member

                                 /s/ Thomas L. Kempner, Jr.
                                 ---------------------------------
                                 Thomas L. Kempner, Jr.

                                 /s/ Marvin H. Davidson
                                 --------------------------------
                                 Marvin H. Davidson

                                 /s/ Stephen M. Dowicz
                                 --------------------------------
                                 Stephen M. Dowicz

                                 /s/ Scott E. Davidson
                                 --------------------------------
                                 Scott E. Davidson

                                 /s/ Michael J. Leffell
                                 --------------------------------
                                 Michael J. Leffell

                                 /s/ Timothy I. Levart
                                 --------------------------------
                                 Timothy I. Levart

                                 /s/ Robert J. Brivio, Jr.
                                 --------------------------------
                                 Robert J. Brivio, Jr.

                                 /s/ Eric P. Epstein
                                 --------------------------------
                                 Eric P. Epstein

                                 /s/ Anthony A. Yoseloff
                                 --------------------------------
                                 Anthony A. Yoseloff

                                 /s/  Avram Z. Friedman
                                 --------------------------------
                                 Avram Z. Friedman





Schedule 13G
CUSIP No. 65337Y102                                              Page 40 of 42



                                    EXHIBIT 1

                           JOINT ACQUISITION STATEMENT

                            PURSUANT TO RULE 13d-1(k)

         The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.

DATED:  February 14, 2007         DAVIDSON KEMPNER PARTNERS
                                  By: MHD Management Co.,
                                  its General Partner

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Managing Partner

                                  DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P.
                                  By: Davidson Kempner Advisers Inc.,
                                  its General Partner

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: President

                                  M.H. DAVIDSON & CO.

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Managing Partner

                                  DAVIDSON KEMPNER INTERNATIONAL, LTD.
                                  By: Davidson Kempner International Advisors,
                                  L.L.C.,
                                  its Investment Manager

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Executive Managing Member





Schedule 13G
CUSIP No. 65337Y102                                              Page 41 of 42


                                  SERENA LIMITED
                                  By: Davidson Kempner International Advisors,
                                  L.L.C.,
                                  its Investment Manager

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Executive Managing Member

                                  DAVIDSON KEMPNER DISTRESSED
                                  OPPORTUNITIES FUND LP
                                  By:  DK Group LLC
                                  its General Partner

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Executive Managing Member

                                  DAVIDSON KEMPNER DISTRESSED
                                  OPPORTUNITIES INTERNATIONAL LTD.
                                  By:  DK Management Partners LP
                                  its Investment Manager
                                  By:  DK Stillwater GP LLC, its general partner

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Executive Managing Member

                                  MHD MANAGEMENT CO.

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Managing Partner

                                  DAVIDSON KEMPNER ADVISERS INC.

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: President

                                  DAVIDSON KEMPNER INTERNATIONAL ADVISORS,
                                  L.L.C.

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Executive Managing Member





Schedule 13G
CUSIP No. 65337Y102                                              Page 42 of 42


                                  DK GROUP LLC

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Executive Managing Member

                                  DK MANAGEMENT PARTNERS LP
                                  By: DK Stillwater GP LLC, its general partner

                                  /s/  Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title: Executive Managing Member

                                  DK STILLWATER GP LLC

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Name:  Thomas L. Kempner, Jr.
                                  Title:    Executive Managing Member

                                  /s/ Thomas L. Kempner, Jr.
                                  -----------------------------------
                                  Thomas L. Kempner, Jr.

                                  /s/ Marvin H. Davidson
                                  -----------------------------------
                                  Marvin H. Davidson

                                  /s/ Stephen M. Dowicz
                                  -----------------------------------
                                  Stephen M. Dowicz

                                  /s/ Scott E. Davidson
                                  -----------------------------------
                                  Scott E. Davidson

                                  /s/ Michael J. Leffell
                                  -----------------------------------
                                  Michael J. Leffell

                                  /s/ Timothy I. Levart
                                  -----------------------------------
                                  Timothy I. Levart

                                  /s/ Robert J. Brivio, Jr.
                                  -----------------------------------
                                  Robert J. Brivio, Jr.

                                  /s/ Eric P. Epstein
                                  -----------------------------------
                                  Eric P. Epstein

                                  /s/ Anthony A. Yoseloff
                                  -----------------------------------
                                  Anthony A. Yoseloff

                                  /s/ Avram Z. Friedman
                                  -----------------------------------
                                  Avram Z. Friedman