Leap Wireless International (LWIN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Leap Wireless International (LWIN)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ron M who wrote (420)	7/8/1999 10:39:00 AM
From: Peter V	of 2737

THanks for the link. Here is the text so that when the link is gone, we'll still have the text here: Leap reports bigger losses SAN DIEGO UNION-TRIBUNE July 7, 1999 SAN DIEGO -- Qualcomm spin-off Leap Wireless International's third-quarter losses were bigger than reported last month, according to a filing with the Securities and Exchange Commission. Leap lost $46.7 million or $2.60 a share in the quarter ending May 31, not the $42.2 million or $2.35 a share it reported last month. The company adjusted its results based on the buyout of a Chilean venture and the investment in a domestic wireless service carrier in Tennessee. Leap had to buy the other half of a wireless company in Chile when its South American partner, Telex Chile, wilted under the weight of debt. The resulting buyout in April soiled Leap's books with red ink. Leap also said it was adopting an "equity method of accounting" with regard to its Tennessee service. That re-calibration forced Leap to retroactively adjust its financial statements, the company said in a release.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next