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

To: Raymond Duray who wrote (2232)	6/17/2002 9:40:15 PM
From: pcstel	Read Replies (1) \| Respond to of 2737

The basic flaw with the analysis, and those who've made it, like Gilder, the RHK crowd, Larry Roberts and the others is that they simply fail to address the matter of profit. This is a good point that is somehow oblivious to Wall Street. Why is it that MARGIN is something that is focused on in other industries, but seems like a lost concept in wireless? In wireless ARPU means everything. It doesn't matter if they only make 10% margin on their basic service. All that seems to matter is Service Revenue (ARPU). You may find it interesting that LWIN typically makes 2X the margin (+60%) on cost of service vs service revenue that other wireless service providers make. While providing 300% more average Minutes of Use per user. While only taking in 65% of the ARPU per user. PCSTEL