Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jack Bridges who wrote (1837)	3/29/2002 11:56:45 PM
From: pcstel	Read Replies (1) \| Respond to of 2737

Jack: Just as you sold into the doubt, it was essential that LWIN get the monkey off their back right now. They've done it, leaving little doubt that they can move ahead through the maze, when and as need be. Well, maybe you call it doubt. I call it sound trading decisions. I would do the same thing again in a heartbeat. I predicted the odds of a last minute release as slim. However, I did hedge my decision with options. But, what you have to do is look at June, 2003. They have about 4.5 million subs to build out (60% coverage) of the properties they are not indicating they will be liquidating. Thats about 200 million in CapEx. Then comes the Nextwave licenses! If they don't get that spectrum then they have no room for expansion of their markets without going to the secondary market. Which they will no longer qualify as being able to buy unbuilt C or F Block licenses without "enrichment payments". My viewpoint is that their 180 degree turn on ownership of standard PCS spectrum is something to make a note of! A year ago they were paying "obscene per covered POP" prices for this spectrum. Now they want to rid themselves of it like it's the plague! "Attention K-Mart Shoppers... Back in our raw spectrum department, we are having a Blue Light Special on our slightly used parcels of spectrum" PCSTEL