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

To: Jon Koplik who wrote (2217)	6/15/2002 11:30:05 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 2737

Leap Wireless Fraud -6: Sees Positive EBITDA By 4Q DOW JONES NEWSWIRES According to Leap Wireless' 10-K, the company agreed to a new minimum consolidated EBITDA covenant that sets targets for Cricket Communications, its units and the units of Leap Wireless that have wireless licenses used in Cricket's business. Cricket is a unit of Leap Wireless. The consolidated EBITDA targets are not less than negative $27 million at the end of the second quarter, break-even at the end of the third quarter, positive $9 million at the end of the fourth quarter and positive $45 million at the end of the first quarter of 2003. Adjusted EBITDA at the end of the first quarter of 2002 was negative $65.9 million. This includes expenses of $1.4 million associated with a reduction in work force but excludes a gain on the sale of a wireless license of $400,000. Shares of Leap Wireless traded recently at $1.56, down 12 cents, or 7.1%, on Nasdaq volume of 1.2 million shares. Average daily volume is 1.8 million shares. Updated June 13, 2002 12:31 p.m. EDT Copyright © 2002 Dow Jones & Company, Inc. All Rights Reserved