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Technology Stocks : Leap Wireless International (LWIN)
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To: pcstel who wrote (2103)6/4/2002 12:35:15 PM
From: pcstel  Read Replies (2) of 2737
 
A little perspective today!

Based on the yesterdays closing price of Globalstar Telecommunications Ltd and it's percentage ownership of Globalstar Limited (GLP) which is in Bankruptcy, and has been in default by not making a bond/debt payment in over 1 1/2. The market cap of GLP was approx. 30 million dollars.

On the other hand. LWIN which has 7X the amount of cash, and about 2000 X the annual revenues of GLP trades at a market cap of only twice that of a Bankrupt/defaulted GLP.

And so it goes.
PCSTEL
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