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


To: RalphCramden who wrote (2391)7/18/2002 10:31:50 AM
From: Dave  Read Replies (1) | Respond to of 2737
 
Issuing equity in exchange for debt hurts the original shareholder. In no way does that prove that the "business model" works.

Leap could've done the same thing several months ago when its stock price was higher. Personally, I wouldn't get too excited over Nextel's so-called "profitable" quarter. Equity was issued in lieu of debt which will stymie future growth.