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Technology Stocks : Leap Wireless International (LWIN)
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To: Robert J. Irvin who wrote (1953)4/27/2002 8:07:39 PM
From: arun gera  Read Replies (1) of 2737
 
>I thought I heard some comments on the conference call about a $14 million estimate for the cost of fraud related to handset subsidies.>

That is a typical Analyst analysis. I can guess where the $14 million came from. The unit cost of equipment went up from about $180 to $215 (Q1 2002). That is $35 per handset. About 400,000 gross adds. And you have $14 million. But what about the fraud that was included in the $180 unit price?

Arun
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