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

To: SKIP PAUL who wrote (2271)	6/27/2002 2:15:20 PM
From: pcstel	Respond to of 2737

Do you know offhand whether LWIN is still restricted as a "desinated entity" from issuing additional equity interest to QCOM. Yes, although they no longer qualify for DE auction status. They are bound to DE restrictions regarding their C and F Blocks they acquired at Auction. PCSTEL

To: SKIP PAUL who wrote (2271)	6/27/2002 2:43:52 PM
From: A.L. Reagan	Respond to of 2737

Thanks Skip for asking, I was wondering also about equity and warrants, etc. But is anybody aware of any restriction that would limit QCOM from buying Leap debt or some sort of preferred? The magic $225 million seems like such a drop in the bucket from QCOM to get a viable carrier over the hump when they have piled much more money into other investments of dubious merit (not just talking Globalstar, either). It would seem to be a real black eye to have a QCOM-sponsored CDMA carrier fail in the U.S.