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


To: Dennis Roth who wrote (2162)6/10/2002 12:41:00 PM
From: Jon Koplik  Read Replies (2) | Respond to of 2737
 
LWIN shares now short sale restricted (according to the securities firm that holds my Leap Wireless shares) (which shall remain nameless).

Today, for the first time, when I looked at my account -- my brokerage firm's website had Leap marked with an "R"

I called and asked for an explanation.

They told me that the NASD has announced that LWIN now is subject to NASD rule USD 11830, which has to do with restricting short sales of a stock.

I do not know the details of NASD rule USD 11830.

Does someone want to research this ?

Jon.



To: Dennis Roth who wrote (2162)6/10/2002 12:46:25 PM
From: pcstel  Read Replies (1) | Respond to of 2737
 
however, because the carrier had high per-minute costs, it didn't extensively market its long-distance offering. With the new system, Cricket customers in all 40 markets can make domestic long-distance calls for 8 cents per....

The price of Long Distance is marginal. Sprint reduced the long distance rate charged to Airgate last quarter from .06 cents per minute to .02 cents per minute. And I am sure they are still making a nice profit.

PCSTEL



To: Dennis Roth who wrote (2162)6/10/2002 1:21:29 PM
From: Dennis Roth  Read Replies (2) | Respond to of 2737
 
Nokia 6370
Here a link to a Nokia press release contrasting the 6370 and the 6385 1X phone.
press.nokia.com
The 6385 does high speed data and RUIM cards, the 6370 does not.
Cricket users don't roam and have no need for RUIM.
I haven't been able to find a picture of the 6370 yet or much about it, but it appears to be a no frills voice and text message phone that fits the Leap business model. Some Qualcomm loyalists take umbrage at it not using Qualcomm chips, but Leap can't afford to play favorites. As this is Nokia's attempt to break into the 1X market , they may have been a very motivatred vendor and given Leap good terms. Anything that lowers their costs is fine by me.