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

To: ZChazz who wrote (184)	1/15/1999 5:34:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 2737

Leap seems to be primarily C-block oriented. The rest is a bit of a fizzer. Russia is dodgy at best. Chile problematic. Mexico okay and a logical extension of USA. Australian spectrum is not extensive. NextWave defaulted on the $4.3bn bid and Leap might get the same spectrum for $500m. Okay, maybe $1bn. That is a VERY big saving. NextWave would have had two years of maybe being a bit early and a bit expensive. Leap can put in the latest gear, based on NextWave properties which they could buy, and arrive in the market at just the right time with a couple of billion saved on spectrum. Being sold way under book value, it looks like a bargain. But auction action will be important. So will marketing skills. Sprint and others are a long way ahead. Prices are dropping and efficient, high quality and cheap minutes with broad coverage are going to be vital. Thanks for the meeting comments. Maurice

To: ZChazz who wrote (184)	1/16/1999 12:08:00 AM
From: Mr. Sunshine	Respond to of 2737

ZChazz - You took great notes. Thank you. A couple of other comments: I was very surprised at the number of people at the meeting. Apparently so was the company, as they had the hotel scrambling to bring and set up many more chairs. I think there were probably as many at this meeting as at the QCOM annual meeting. Very surprising. After the meeting I asked Harvey White and the PR director about the Ukraine business, which is currently still owned by QUALCOMM. They said that doing business in the Ukraine is extremely difficult, particularly dealing with the government. (I interpret this to mean corruption.) They said it was much worse than any other area they are dealing with, including Russia. They did say they were confident that the project would eventually be successful.

To: ZChazz who wrote (184)	1/16/1999 1:16:00 AM
From: JGoren	Read Replies (1) \| Respond to of 2737

I don't understand the business plan. You report from meeting: "Focus on existing properties .... Long range plan to exit (sell) properties when they become mature." What's left? Has Qcom issued the statment of earnings and profits for taxes on the spinoff?