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

To: pcstel who wrote (1845)	3/31/2002 8:57:49 PM
From: arun gera	Respond to of 2737

>It appears that the VF partners are really clipping LWIN's G/A wings! (Which is good!) But, may be causing LWIN to sell licenses held in it's name , that are not in the the COLLATERAL POOL to raise operating cash.> But will the Leap's portion of $25 million in G&A be counted towards calculating the EBITDA for loan covenants with Cricket? Arun

To: pcstel who wrote (1845)	3/31/2002 11:32:27 PM
From: arun gera	Respond to of 2737

2002 Spending Plans from the 10K > For the 12 months beginning January 1, 2002, we expect to spend a total of approximately $532 million for the following requirements: <TABLE> o approximately $343 million for capital expenditures to continue the buildout of our wireless networks; o approximately $77 million to fund operating losses and net increases in working capital for Cricket Communications,Inc., our wireless voice services and wireless information services subsidiary o approximately $38 million for general corporate overhead and other expenses, including expenditures for our new product development o approximately $30 million in connection with deferred payments of completed acquisitions of wireless licenses and certain wireless technology assets o approximately $44 million for cash interest and fees, and our initial principal amortization payment in December 2002 under our vendor facility with Lucent Technologies Inc.