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

To: golfinvestor who wrote (2532)	10/15/2002 9:45:40 PM
From: verdad	Read Replies (1) \| Respond to of 2737

Indeed. Reliability of information source referenced may be questionable (as stated at bottom of webpage): "Insider Trading Data supplied by Washington Service/Brick Securities (Washserv) © Copyright 2002. All rights reserved. Replication or redistribution expressly prohibited without the prior written consent of EDGAR Online, Inc and Washserv. EDGAR Online, Inc. and Washserv shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon." This could very well be status quo and yet another 'sign of the times' regarding how well SEC reporting regulations were/are enforced. However, without a reliable basis of comparison, it makes discernment rather challenging.

To: golfinvestor who wrote (2532)	10/24/2002 9:18:39 PM
From: verdad	Read Replies (1) \| Respond to of 2737

It appears reported LWIN insider trading information varies widely between investment research sources. The insider trades provided for 1998 and 1999 (Washington Service/Brink Securities) don't even appear in the information supplied by Vicker's Research's comprehensive list of Form 4's filed by Harvey White during the same time period. According to Vicker's, Mr. White held over 500,000 shares of LWIN as of 6/15/00. His most recent filing on record (as of 4/30/02) stated that he only has 165,000 shares left, while most of those shares were purchased below $10. The disparity between information sources regarding insider activity is appalling (Vickers reported twenty-two Form 4 transactions for Mr. White during LWIN's existence), while even the Vicker's information does not appear to account for all insider activity (if the information supplied by Washington Service/Brick Securities is correct; as it does not appear in the Vicker's data). Perhaps there are rules on what insider activity must be reported and officers of companies can pick and choose what they record on the Form 4. And perhaps research companies can also 'tailor' information for specific purposes; or, maybe this is yet another illustration of status quo for the securities industry in the 1990s. The aforementioned sources of insider trading information appear meaningless in actually determining what trading occurred.