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Technology Stocks : Leap Wireless International (LWIN)
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To: Qualopec who wrote (77)9/28/1998 11:35:00 AM
From: Jeff Vayda  Read Replies (2) of 2737
 
Is this what is dragging LWIN down?

Major Losses Expected

September 28, 1998

Infolatina via NewsEdge Corporation : MEXICO CITY, Sep. 25 (Reforma/Infolatina)--
Competition in the cellular and PCS telephone services market is saturated in Mexico, said directors at Ericsson, for which reason many companies will face major losses over the next few months. There are simply too many competitors, and the fight for a market share will become a war, with companies cutting prices to such an extent that they cannot hope to make a profit. "Sooner or later the mergers and takeovers will begin, " the directors said, "leaving behind only two major companies. "
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