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Technology Stocks : Leap Wireless International (LWIN)
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To: rharshman who wrote (2063)5/22/2002 11:54:09 AM
From: arun gera  Read Replies (1) of 2737
 
>I think you are dead right! Just because 5% of the subscriber list does not exist does
not mean that 5% of the checks deposited were not deposited>

No. The 5 percent made LWIN lose approximately $120 over a period of 2 months per subscriber. They probably took the phone, used it for one month. Did not pay the next month. and then bought another phone one month later. I am trying to quantify this in a more systematic way for future projections, but have not had the time.

Arun
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