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

To: arun gera who wrote (2053)	5/22/2002 12:14:46 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 2737

Thanks Arun. $1.9 billion is quite a debt load. 40 markets = $50 million per city. 1600 employees [less 50] = 40 per city. What do they do all day? Customers = 1.4 million at the end of March [frauds included], up from 1.1 million at the end of December [frauds excluded]. So that'll be 1.5 million in about 8 days. That'll be 1,000 customers per employee, which doesn't seem a big load for the kind of service offered. With 100,000 new subscribers per month, if there are 1,000 employees looking after them, that's 100 per month per customer services employee or 4 per day. Which is not a lot. Yes, I know there's more to do than look after customers, but Leap says they are a customer-focused company, so all employees should be sales people when cornered. Meanwhile, I doubt that this claim is true: <“Because Leap is a different kind of wireless company, we wanted our ads to feature the most famous couch in America,” said Susan G. Swenson, Leap’s president and chief operating officer. “Cricket Couch comes to life with a playful, quick-witted sense of humor that speaks to some of the fastest growing segments in the market today. > What about the Simpson's couch, which is famous not just in the USA but the whole world? Even way down here in Kiwiland, the Simpson's couch is famous. I doubt that the Leap couch is as famous, even in the USA. Mq