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

To: Jon Koplik who wrote (2042)5/21/2002 10:40:09 PM
From: Maurice Winn  Read Replies (2) | Respond to of 2737
 
Jon, there is a third:

3. They are evil scum.

This is in a way a subset of "1. They are stupid".

My experience of the Wall Street Journal is that I would not bother with clicking on, buying or reading The Wall Street Journal. My experience of them left me thinking they are disreputable people.

Meanwhile, Leap at $3. Hmmmm. What's their total debt right now?

It seems that the creditors are going to take possession [I suppose that's what the share price means].

I suppose the best way for me to punish the WSJ and those who support them by reading their stuff is to buy the stock from those people who panic and sell at $2.81.

However, I had best check that Leap's debts are not like Globalstar's. There is something familiar about the situation; great expectations sagging into demoralized, debt-loaded, marketing problems with high G&A expenses.

Mq



To: Jon Koplik who wrote (2042)5/23/2002 12:00:26 AM
From: engineer  Read Replies (1) | Respond to of 2737
 
<< The company also said it might need to either refinance or amend its
equipment vendor debts and might also need to get additional financing to
service or extinguish its debt.>>

This is very troubling, as if they default on their bond debt, they will not be able to raise additional funding that way.

The discount on their bonds has fallen from 65 to a low of 44 today.


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