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

To: METMAN who wrote (1924)	4/27/2002 2:41:47 PM
From: Lance Bredvold	Read Replies (1) \| Respond to of 2737

Metman; The laundry list of possible problems is something I have found very reassuring from the beginning. It seems LWIN decided to be as careful as possible to list all the possible dangers and has consistently maintained or improved that list. Then we get the shocked posters over on the Yahoo thread who almost quote those warnings verbatim and I am reassured that they really haven't done any analysis and are simply trying to shock me and others. The longer verbal list this conference call had registered only slightly on me, but now that you mention it I wanted to tie that to the regular printed warnings in SEC filings and even at the end of routine press releases. I don't think there is much to be deduced from the current list since LWIN has always been very cautious in its statements. Incidentally, it may also have some connection to Gregg Power's (possible qualification; that post came at the time when Gregg was one of several posters operating under the pseudonym Explorer and Home?Large--it could have been one of the others) description of White as a guy who he could talk to for an hour and come away feeling he knew nothing more than when he went in. As the days have passed from conference call day, I have become more and more comfortable with the results. $14mm in reduced fraud expenses would make Arun's spreadsheet almost eerily accurate in most respects. Again I would like to thank him for taking the initiative to get that sheet out there making worthwhile conversation and analysis much easier. I doubt whether I would have noticed the extraordinary equipment cost figures if I hadn't been looking right at his spreadsheet. The plan to reach EBITDA breakeven in the fourth quarter is still intact and, though I believe the $75mm negative consolidated EBITDA for 2002 seems to be downplayed at the moment, I don't believe we have seen a huge variation which would preclude the possibility of attaining that goal. Yes, I read the Bloomberg interview with White casually mentioning a small ebitda profit in quarter 4. I'd rather he had been more positive, but I think the price of LWIN stock displays more potential than risk still. And while I'm in the process of making one of my irregular appearances on SI, another thank you to PCSTEL for your clever techniques of analysis and willingness to share them with us despite so much resentment from people who did not think of them or persist in following them for trend analysis (including me--I'm envious of your excellent ideas and the work you've put into mapping and understanding the rudiments of LWIN's business--everyone who becomes a great poster seems to develop some specialty upon which their contribution hinges. Looknleaper studied the competition and reports from there, Slacker studied user equipment, Cooters the technology, and Arun the numbers--great posters all). Best regards, Lance