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Technology Stocks : Leap Wireless International (LWIN)
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To: pcstel who wrote (1792)3/25/2002 3:08:42 PM
From: arun gera  Read Replies (1) of 2737
 
PCSTEL:

Regarding the revision of Covenants, I think the required ratios could change significantly. Remember that the ratios were based on certain expectations of revenue, costs and subscriber numbers. I think the whole underlying model will be affected due to the higher number of subscribers LWIN has achieved. New (lower) required ratios might be generated, if Lucent is in a reasonable mood.

Arun
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