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Technology Stocks : Leap Wireless International (LWIN)
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To: RalphCramden who wrote (118)10/21/1998 4:48:00 PM
From: Maurice Winn  Read Replies (1) of 2737
 
Michael, re: "Damn it Jim, I'm an Engineer not an MBA", if anybody can provide insight as to what kinds of things bring LWIN to a fraction of its book value, I would really be interested in knowing.

Same old story, ignorance and more sellers than buyers.

Plus, as you say, the view that the assets will be wasted, spectrum should be cheaper, competition will be fierce.

Stuff like that. Go ahead, trust your judgement, buy a bargain.

Maurice
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