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Technology Stocks : Leap Wireless International (LWIN)

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To: SKIP PAUL who wrote (316)4/23/1999 1:38:00 PM
From: Peter V  Read Replies (2) of 2737
 
<<over $7000 per sub>>

I'm assuming "sub" means subscriber. And if so, you have to admit that is a gross overvaluation. Few subs pay over $100 per month, and I'd guess the average is closer to $50 (I pay $30). Even if Sprint got $50 per month income from every sub, it would take nearly 12 years of income to justify that valuation. Now of course they are going to grow and justify the valuation, but it's going to take some time. Maybe LWIN can get to this kind of valuation, but they are not yet a household name like Sprint, so it will also take time.
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