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

To: slacker711 who wrote (1814)	3/28/2002 7:52:19 PM
From: Rono	Respond to of 2737

ditto

To: slacker711 who wrote (1814)	3/28/2002 8:19:54 PM
From: Pierre	Respond to of 2737

Ditto here as well. Great news. Pierre

To: slacker711 who wrote (1814)	3/28/2002 8:38:25 PM
From: pcstel	Read Replies (2) \| Respond to of 2737

slacker: I wonder how quickly CSFB is going to have to change their model Let's see.. A 200 million EBITDA loss! LOL!! Well, the bad news is that I don't hold any LWIN equity! ZERO!! Not a single share! I sold off 20% of my portfolio each of the last 5 trading days! The good news is that I bought a equal amount of Call Options representing the underlying shares I sold! The risk of a "going concern" was too great to ignore! Why the wait until 11:59:59 to amend the convenants is beyond me! But, this stock would have surely seen the $6 range with a going concern tagged onto the 10-K! So I sold! But, bought the derivative. I had complete faith in my financial model, but not in the good nature of LU. That was something I could not stick into a spread sheet! PCSTEL

To: slacker711 who wrote (1814)	3/29/2002 12:36:48 PM
From: slacker711	Read Replies (4) \| Respond to of 2737

From the 10K.... ccbn.tenkwizard.com We also agreed not to build out or launch any new markets until after June 30, 2003, other than markets included in our 40 Market Plan. Under our current business plan, we expect to meet these and all remaining covenants through the end of 2003. Assuming we meet our current operating plan objectives, prior to December 31, 2003, we will need to raise approximately $225 million of additional cash and use approximately $200 million of such cash to pay down vendor indebtedness, or amend or refinance our vendor indebtedness, to meet our total indebtedness to total capitalization covenant under the vendor credit facilities and to provide working capital at Leap Hmmm....I was hoping that they might be able to resume buildouts sooner than June '03. I guess the best-case scenario we can hope for is that Leap performs well enough to be able to open up a bank credit line. I have no idea how likely that would be....anybody care to comment? Slacker