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

To: Moez who wrote (2575)	11/13/2002 2:20:39 PM
From: Michael Allard	Read Replies (4) \| Respond to of 2737

Plenty of bad news in todays report. But there was one good paragraph in the release: "Currently, the Company believes that the value of its operating Cricket business is higher than the value of Cricket's assets in liquidation. The Company currently expects to restructure the Cricket indebtedness and capital structure in a manner that would allow the Cricket companies to emerge from the restructuring with significantly reduced indebtedness and the ability to continue as a stronger business offering high quality, affordable wireless service to customers and good opportunities for its employees. No restructuring agreement has been reached, however, and there can be no assurance that such an agreement will be reached on terms that are acceptable to all of the parties involved."