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

To: pcstel who wrote (1195)	1/30/2002 10:37:40 AM
From: bruce_hamilton	Respond to of 2737

PCTEL, Pierre: This may have a little to do with it: Pegaso Officials Deny Debt: Columnist MEXICO CITY, Jan 28, 2002 (Reforma/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- While industry sources say Mexican mobile telephone operator Pegaso has debts of close to 900 million dollars, company officials categorically denied it, reported Mexico City daily Reforma business columnist Dario Celis Estrada. What is definite, is that the environment has become more complicated more as a result of the company's inability to reach an agreement with Spain's Telefonica (NYSE: TEF chart, msgs), said Celis. Congress' recently approved telecommunications tax will also complicate the situation for the company. Pegaso has not reached its expected number of subscribers, or its projected level of expansion. The company is owned 33.3 percent by Leap Wireless International (NASDAQ NM: LWIN chart, msgs), and 33.3 percent by Sprint (NYSE: PCS chart, msgs). YOU COULD BUY THIS COMPANY FOR LESS THAN $400,000,00.00 TODAY I WISH I HAD THE MONEY...... BRUCE

To: pcstel who wrote (1195)	1/30/2002 10:38:01 AM
From: Rono	Respond to of 2737

Haven't you heard? All wireless service providers are going bankrupt, no matter the flavor; CDMA, iDEN, TDMA, GSM. Ron

To: pcstel who wrote (1195)	1/30/2002 10:38:25 AM
From: slacker711	Read Replies (1) \| Respond to of 2737

I had been planning on waiting until earnings to buy more....but at $10 a share, I have trouble imagining what the market is trying to price in. Lucent just sold off the GSM assets of One.tel to Hutchinson (in Australia). Leap's assets in bankruptcy seem to be worth more than the current enterprise value. Cash plus spectrum plus network > Debt plus Market Cap Right? Slacker