Leap Wireless International (LWIN) Message Board

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Technology Stocks : Leap Wireless International (LWIN)

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To: arun gera who wrote (1923)	4/24/2002 2:54:36 PM
From: pcstel	Read Replies (4) of 2737

arun: The equipment cost. That was the only number I missed. The rest were fine. Here is an old post of mine. Like you said. That's a BIG MISS! I believe the adage goes. "Houston, we have a probelm!" And it's a pretty fundamental problem that lies in their distribution model. Well, I guess we know why the equipment costs are so high. After all, last quarter was $180 in subsidy for a $110 phone. Now it's over $200. Equipment subsidies should be going down! Not up Q/Q! While it is great that they have the cost per minute below 1 cent. At least 15,000,000,000 cents went down the drain due to subsidies for fraud. Not including other operational expenses that this will effect. (Customer Care costs, etc.) As the saying goes. Their counting their pennies, while the dollars flow out the door. How do you fix this? Their entire business model is designed on this distribution model! This is not sporadic fraud. This is systemic fraud! This is a BIG PROBELM!! PCSTEL

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