To: The Reaper who wrote (42185 ) 9/22/1999 3:25:00 PM From: Ruffian Read Replies (1) | Respond to of 152472
Harvey White (LWIN) Cnbc Interview> Harvey White, LWIN ChM and CEO (LWIN, QCOM, LU, ERICY, T, PLDI) From: C R Nasmythe Date: 22 Sep 1999 Time: 11:23:21 Remote Name: 63.22.104.95 Comments LWIN spunoff from QCOM last year now expanding service aggressively Yesterday LWIN announced 2 different deals totalling $700m buying phone equipment and services from LU and ERICY to build mobile phone network, Cricket Communications; also poised to exploit pent up demand for wireless service in emerging markets like Mexico, Chile, and Russia LWIN not overshadowed by BEL/VOD story; sees themselves filling a market that hasn't been addressed before, not as the 6-7th carrier in some market 75% of LWIN customers never had wireless before; expanding market and seeing tremendous appreciation for having a simple service Volume up when flat rate put in Needed to restructure cost to make money in the industry; wanted to deliver service to those 85% of people in this country who would like to have wireless service but were uncertain of it LWIN changed cost structure and getting more volume Will be in Nashville before end of year, and a roll out into 25 markets over next couple of years LWIN Facts: Global wireless phone service provider Operates primarilyin US, Australia, Chile, Mexico and Russia Offers CDMA (code-division multiple access) a proprietary technology that digitally transmits signals over wireless network Spun off from QCOM, #2 supplier of digital cell phones Cricket Communications, available in TN offers local calls at law flat monthly rate Service expected to expand nation-wide by year end Market cap $414m Key rivals T, PLDI, Telecommunicaciones de Chile LWIN up 2 13/16 at 25 11/16