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

To: SKIP PAUL who wrote (2168)	6/10/2002 1:22:41 PM
From: arun gera	Read Replies (1) \| Respond to of 2737

>Now they seem to be buying customers with even more promotions in an attempt to meet their debt covenants. A huge hail mary pass gamble with shareholders money.> SKIP: Buying real customers pays off quickly. Buying fraud customers has been hitting them bad. Their is still some possibility of Leap to recover; rate increases, data services, and higher phone selling prices should help. But they better show a significant (>40 percent) decrease in fraud losses in this quarter. Arun

To: SKIP PAUL who wrote (2168)	6/10/2002 2:27:51 PM
From: pcstel	Respond to of 2737

Highest G&A in the industry, massively subsidized phones, free first month of use, preventing fraud after it has happened is not the way to run a cut rate carrier. . Yes, I have been one of the most vocal critics of the G/A numbers. The list of high priced VP's is too long! However, that being said. And taking into account the long list of negatives. They still have the LOWEST CPGA in the industry. Over $100 less than industry norms. Seems if they spent half the time trimming G/A expenses as they do network operating costs. It would be a "slam dunk"? PCSTEL