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

To: rharshman who wrote (1740)	3/13/2002 4:09:57 PM
From: pcstel	Read Replies (1) \| Respond to of 2737

rharshman However, the EBITDA is before about 216M of net interest expense, thus the negative cash flow being projected for 2002 is close to 300M BEFORE capital expenditures and debt retirement. Agreed, but most of the 216M of net interest expense from VF amounts is in accural mode and CapEx is being financed. So I don't think there is an actual Cash Funnel as you call it! If you are looking at it from a liquidity standpoint! LWIN can clearly fund operations into 2003 from existing cash resources. (Quite easily IMO) Which I can't say the same for some other WSP's. Once LWIN can get their EBITDA loss down to 20 million or so. Then the forward visibility starts looking allot better! PCSTEL