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Technology Stocks : Leap Wireless International (LWIN)
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To: pcstel who wrote (2163)6/10/2002 1:15:18 PM
From: SKIP PAUL  Read Replies (2) of 2737
 
What they are saving on cost of service they seem to be blowing away elsewhere.

Highest G&A in the industry, massively subsidized phones, free first month of use, preventing fraud after it has happened is not the way to run a cut rate carrier.

Now they seem to be buying customers with even more promotions in an attempt to meet their debt covenants. A huge hail mary pass gamble with shareholders money.

Management has lost credibility with me. I believed in them once, I don't anymore.
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