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

To: slacker711 who wrote (1826)	3/29/2002 12:42:42 PM
From: Jon Koplik	Respond to of 2737

Re : chance that Leap performs well enough to be able to open up a bank credit line -- speaking strictly "off the top of my head" (and having never used a spread sheet in my entire life) ... A viable business should attract lenders. End of analysis. Jon.

To: slacker711 who wrote (1826)	3/29/2002 12:57:58 PM
From: Pierre	Read Replies (2) \| Respond to of 2737

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: I think if the business model is on track, and maybe ahead of schedule after the next couple of quarters, LEAP will be acquired by a major player with deep pockets. I think this scenario was a major component in pcstels interest in LEAP. It looks like Harvey's managed to hit the "sweet spot" with his approach to wireless, and someone with the cash to grow it will step up and acquire what may well prove to be a cash machine. I do wonder about that Nextwave situation. What happens when that is resolved, particularly if Supremes side with FCC. LEAP certainly hasn't the resources to exploit that bandwidth - nor even to pay for the spectrum they've won. Pierre

To: slacker711 who wrote (1826)	3/29/2002 1:26:53 PM
From: rharshman	Respond to of 2737

Well, I sure got a quick answer to my question about how much cash might be needed to meet the January 2004 hurdle. As to a bank credit line, without knowing the precise terms of the vendor financing, I would guess it is highly probable that their debt position prevents additional debt going in senior to them. It will not, IMHO, dampen the prospects for LWIN shareholders to saw wood for a couple of years while moving into a cash generating and profit reporting mode.

To: slacker711 who wrote (1826)	3/29/2002 3:59:14 PM
From: pcstel	Read Replies (2) \| Respond to of 2737

Reading the Amendments to the Credit Facilities reads like a reorg! You would think they had asked for the repayment schedule to be floated a couple of years! No new market launches until Mid 2003! Only Protection Builds can be done! Spectrum Sale in process! Licenses pledged! 228 Kennewick 15Mhz to NTCH (Enitre Market) 482 Yakima 15 Mhz to NTCH (Entire Market) 472 Wichita 15 Mhz to NTCH (part of Launched Market) LICENSES UNDER NEGOTIATION TO BE TRANSFERRED TO THIRD PARTIES 366 Pueblo 10 Mhz (part of Launched market) 395 Salem 10Mhz (part of Launched market) 69 Casper 15 Mhz 250 Lewiston 15 mhz 239 Lakeland 10 Mhz (Entire market) 37 Bemidji 10 Mhz(Entire market) 54 Brainerd 10 Mhz(Entire market) 132 Escanaba 10 Mhz(Entire market) 371 Redding 15 Mhz (Entire market) 53 Bozeman 20 Mhz (With NTCH swap Entire market) LICENSES NOT IN COLLATERAL POOL (FOR SALE) 14 Anchorage 30 Mhz (Entire market) 49 Blythevelle 15 Mhz (With NTCH swap Entire Market) 140 Fayetteville 20 Mhz (part of Launched Market) 153 Ft. Smith 20 Mhz (part of Launched Market) 257 Little Rock 5 Mhz (part of Launched Market) 387 Russellville 15 Mhz (Entire market) 322 Nogales 15Mhz (Entire market) 6 Albany 15 Mhz (Enitre market) 92 Columbus 15 Mhz (part of Launched Market) 271 Macon 15Mhz ( part of Launched Market) 50 Boise 15 Mhz (part of Launched Market) 202 Idaho Falls 15 Mhz (With NTCH swap Entire Market) 250 Lewiston 15 Mhz (With 15 Mhz under negotiation Entire Market) 451 Twin Falls 15 Mhz (With NTCH Swap Entire Market) 88 Coffeyville 15 Mhz (With 15 Mhz under negotiation Entire Market) 194 Houghton 10Mhz (Entire market) 206 Iron Mountain 10 Mhz (Entire market) 207 Ironwood 20 Mhz (Entire market) 282 Marquette 10 Mhz (Entire market) 409 Sault Ste. Marie 20 Mhz (Entire market) 138 Fargo 15 Mhz (Entire market) 166 Grand Forks 15 Mhz (Entire market) 162 Gallup 15 Mhz (Entire market) 386 Roswell 15 Mhz (Entire market) 395 Salem 5 Mhz (part of Launched market) 279 Marinette 10 (Entire market) 69 Casper (With 15 Mhz under negotiation Entire Market) LICENSES IN COLLATERAL POOL ( Not yet launched) 44 Birmingham 450 Tuscaloosa 344 Peoria 135 Evansville 155 Ft. Wayne 338 Owensboro 5 Adrian 169 Grand Rapids 241 Lansing 307 Mount Pleasant 310 Muskegon 390 Saginaw-Bay City 446 Traverse City 119 Duluth 210 Jackson, MS 455 Vicksburg 453 Utica 18 Appleton-OshKosh 123 Eau Claire 234 La Crosse 432 Stevens Point Or about 8.8 million licensed POP's This represents a HUGE change in corporate strategy from a year ago! Any comments? PCSTEL