Leap Wireless International (LWIN) Message Board

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Technology Stocks : Leap Wireless International (LWIN)

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To: Robert J. Irvin who wrote (2006)	5/17/2002 10:54:00 AM
From: bruce_hamilton	Read Replies (2) of 2737

Robert J Irvin You wrote from the 10Q: <<<<We believe that the financial costs of these activities are, subject to some normal delays in the reporting of credit card misuse, reflected in our current financial statements. Based on preliminary raw data from the new tools we are developing and implementing and anecdotal information, we estimate that up to five percent of our reported customers at March 31, 2002 may have been involved in fraud.>>> Is that 5% of TOTAL SUBS. that is 65,000 fraudulent subs or Is that 5% of New subs that is 13,000 fraudulent subs If it is the former we are in trouble, however when the problem is resolved it sure will help CPGA. I also sure would like to get a CFO on board. I don't like Harvey wearing both hats. Does anyone have thoughts on this? Bruce

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