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Technology Stocks : Leap Wireless International (LWIN)
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To: SKIP PAUL who wrote (2168)6/10/2002 1:22:41 PM
From: arun gera  Read Replies (1) of 2737
 
>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.>

SKIP:

Buying real customers pays off quickly. Buying fraud customers has been hitting them bad. Their is still some possibility of Leap to recover; rate increases, data services, and higher phone selling prices should help. But they better show a significant (>40 percent) decrease in fraud losses in this quarter.

Arun
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