Leap Wireless International (LWIN) Message Board

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Technology Stocks : Leap Wireless International (LWIN)

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To: Dennis Roth who wrote (2718)	8/9/2005 11:49:52 AM
From: Dennis Roth	of 2737

Leap Wireless initiated with "overweight" JP Morgan newratings.com Wednesday, August 03, 2005 1:45:04 PM ET J.P. Morgan Securities NEW YORK, August 3 (newratings.com) - Analysts at JP Morgan initiate coverage of Leap Wireless International (ticker: LEAP) with an "overweight" rating. In a research note published this morning, the analysts mention that the company has acquired licenses for new markets, including San Diego, El Paso, Cincinnati and San Antonio, covering an additional population of 23 million. The analysts expect the new markets to accelerate Leap Wireless’ top-line growth from 10% in 1Q05 to 24% during 2007. The company is, however, likely to incur losses in 2006 due to spending on new markets, JP Morgan adds.

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