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Technology Stocks : Leap Wireless International (LWIN)
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To: rharshman who wrote (2065)5/22/2002 12:20:58 PM
From: arun gera  Read Replies (1) of 2737
 
>I am sure you are correct in one sense, namely the apparent cost to LWIN of the fraud process. But when LWIN reported revenues for the first quarter, I have to assume they were actual revenues, not some calculation based on a subscriber list. Or am I missing something?>

The service revenues are most probably correct. But what you gain in service revenue, you might lose in equipment revenue. By giving away subsidized phones over and over.

Arun
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