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Technology Stocks : Leap Wireless International (LWIN)
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To: Jon Koplik who wrote (2042)5/23/2002 12:00:26 AM
From: engineer  Read Replies (1) of 2737
 
<< The company also said it might need to either refinance or amend its
equipment vendor debts and might also need to get additional financing to
service or extinguish its debt.>>

This is very troubling, as if they default on their bond debt, they will not be able to raise additional funding that way.

The discount on their bonds has fallen from 65 to a low of 44 today.
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