Leap Wireless International (LWIN) Message Board

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Technology Stocks : Leap Wireless International (LWIN)

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To: kech who wrote (2192)	6/13/2002 11:08:00 AM
From: pcstel	Read Replies (1) of 2737

to meet this particular covenant we either will need to refinance the indebtedness, obtain a waiver of the covenant from our lenders, or raise $225 million in additional capital to pay down indebtedness, Seems like our major vendor understands the need for "financial flexibility" in these "uncertain market conditions". "Lucent said it continues to target a return to profitability and positive cash flow during fiscal 2003. The company said it continues to have sufficient liquidity to fund its operations and has no outstanding balance on its credit facility. It said some covenants of the credit facility have been amended to provide additional flexibility in the uncertain market. " biz.yahoo.com PCSTEL

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