Leap Wireless International (LWIN) Message Board

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Technology Stocks : Leap Wireless International (LWIN)

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To: J.B.C. who wrote ()	6/10/1999 8:56:00 PM
From: caly	Read Replies (1) of 2737

Interesting post on Yahoo if not everyone follows the thread over there... by: skiplarson98 (55/M/Montana) 884 of 885 <<...this thing gets bought out at a pricetag that begins with a "B", or it just gets obnoxiously priced like some of the internet stocks>> Your orientation in making this statement causes me to try to express a slightly different view of this company's objectives. I don't think this company is going to be bought out because I don't think it is going to have hard assets. I think when QCOM saw that everyone was not going to jump (leap if you will) into CDMA, they debated how to jumpstart the technology. At first they tried to do it within the company, but of course continual losses were detrimental to investor perceptions of QCOM's value and being in the business of their customers certainly created unease among potential system operators. Harvey White saw this as a necessary and valuable part of the whole CDMA revolution. I think his view of LWIN's business is a company which starts up operators and once they can be valued by people with less vision (sold) the cash will be taken and spent to create another operating entity. In other words, LWIN's business is starting companies, not starting and running an operating company. Such a model ought to be viable for a few more years (about the time White is ready to retire) and will make a lot of money for me. But as systems come on line and get sold I expect the cash to be reinvested in the next one for a while and in a few years expect that I will be the recipient of spin off shares in various operating companies started by Leap. Maybe someone would want to buy LWIN as an operating company as suggested by your post, but I suspect it will just reach the point where it has outlived its usefulness. Still undervalued IMO (just bought a few shares as gift to my only niece because it's the one best bet I know of) and am considering more for me although I'm way overinvested in QCOM vision stocks. Sincerely, L. -------------------------------------------------------------------------------- Posted: 06/10/1999 03:40 pm EDT as a reply to: Msg 874 by emhaller

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