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Technology Stocks : Leap Wireless International (LWIN)

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To: Jon Koplik who wrote (1810)3/29/2002 12:38:31 AM
From: pcstel  Read Replies (2) of 2737
 
Jon:

"EBITDA covenant that requires EBITDA of not less than negative $27 million, $0 and positive $9 million at the end of the second, third and fourth fiscal quarters of 2002, respectively, and positive $45 million at the end of the first fiscal quarter of 2003."

(27) (0) +9 +45

My numbers from an earlier post for numbers required IF the covenants were not relaxed by 1 Quarter

---Q1---------Q2---------Q3---------Q4--------
(27.95).......(2.5).......+19.2.....+46.20......
4 quarter trailing EBITDA ........+35.0......
Message 17241733

However, the new numbers show that 27 million is the 4 Quarter trailing EBITDA they are looking for.

(27) (0) +9 +45=27

Based on this information. I would suggest that EBITDA loss for Q1 will be around 40 million ~($1.10) down from ~($3.20) in Q4. With about 400 million in the bank.

That is when the short herds will start moving on!

PCSTEL
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