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

To: pcstel who wrote (1868)	4/5/2002 10:13:13 AM
From: pcstel	Read Replies (1) \| Respond to of 2737

Audiovoxx CC update from Slacker on the Moderated Thread! siliconinvestor.com - The US carriers are mostly deciding to skip the MSM5105 due to it's lack of GPS. They dont want to have to upgrade the customer twice. - $30 delta between 9150 and 9155. The 9150 has the MSM5105 (no GPS) while the 9155 has the 5100. At 1100 MOU per month. I am not sure Cricket would be so sensitive to this with a $30 dollar difference in pricing. - Lowest priced IS-95 handset....Motorola for $110-$125. Lowest 1x is for $150-$175. I missed what VOXX's overall ASP was....I think it trended down. I would expect that the NOK 5170 is in this price range. I expect pricing pressure on IS-95 phones to continue! PCSTEL

To: pcstel who wrote (1868)	4/5/2002 10:16:31 AM
From: arun gera	Read Replies (2) \| Respond to of 2737

PCSTEL: PJ's report posted on the Yahoo board indicates that the ratios and benchmarks to be met by Leap relating to EBITDA are only for the Cricket business and do not include the 9.5 M/Qtr of non-cricket G&A. Were the previous covenants also for the Cricket part of the business? Does it imply that Leap is meeting the loan covenants requirements by merely moving G&A expenses and not really trying hard to lower G&A and other costs? >As a result of the extension of coverage ratios, Cricket agreed to new minimum consolidated EBITDA covenants that require amounts of no less than ($27.0) million in 2Q02, breakeven in 3Q02, $9.0 million in 4Q02, and $45.0 million in 1Q03. We should point out, however, that these minimum amounts are for Cricket and its subsidiary operations only. They do not include the projected $38.0 million in operating expenses (according to Leap’s 10-K for the year ended 2001) related to the parent company’s (Leap’s) business operations. Our revised model assumes Cricket will be in accordance with its new minimum EBITDA requirements.>