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Technology Stocks : Leap Wireless International (LWIN) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (913)	7/6/2000 12:05:51 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 2737

Leap steps up network building By Carol Ramos, CBS MarketWatch Last Update: 5:43 PM ET Jul 5, 2000 SAN DIEGO (CBS.MW) --- Stepping up its bid to tackle new wireless markets, Leap Wireless International Inc. announced a nearly three-fold increase Wednesday in the amount of money it’s spending on equipment to build up its network infrastructure. Leap, which agreed last September to a $330 million purchase of equipment and services from Lucent Technologies (LU: news, msgs), now plans to pour $900 million into the transaction. Leap (LWIN: news, msgs) is using the gear to ramp up its Cricket local wireless-services subsidiary into eight more markets by the end of this year and into a total of 35 markets by the end of next year. Chairman Harvey P. White said in a statement that the contract “enables us to deliver expeditiously on our goal of transforming wireless into a mass consumer product in cities across the United States. With this agreement, Cricket service will help create a world in which people can cut the cord and go completely mobile." Shares of Leap closed up 1 11/16, or 3.7 percent, to 46 15/16 on volume of 209,900 shares traded. © 1998-2000 MarketWatch.com, L.L.C. All rights reserved.