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Technology Stocks : Leap Wireless International (LWIN)
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To: The_Ice_Man who wrote (349)5/4/1999 2:47:00 PM
From: Nancy Haft   of 2737
 
My view is that the burden of vendor financing will bear watching. There is a reason after all that Qualcomm dumped, oh, er, sorry, spun-off LWIN, and that was to remove the drag of vendor financing from its financials. Little LWIN has inherited this drag.

That being said, LWIN seems to be following a joint partner strategy which, in my opinion, seems almost the only reasonable approach unless you have VERY deep pockets.

Elsewhere things seem very bright: CDMA technology, successful auction bids, CRICKET-style marketing more popular than anticipated, presence in growing international markets. I'm not selling anytime soon. : )

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