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

To: Randall Knight who wrote (266)	4/8/1999 8:33:00 PM
From: kitterykid	Respond to of 2737

Pardon my ignorance on your auction update for LWIN, but are these the C Block licenses which were returned to the government by the failed ventures of Nextwave, Pocket, etc.? If that is so how do current bids compare, who's bidding, and what are the ramifications? Thanks very much.

To: Randall Knight who wrote (266)	4/9/1999 7:41:00 PM
From: Randall Knight	Read Replies (2) \| Respond to of 2737

Here are the latest LWIN auction bids (round 48 completed, only 5 new high bids.LWIN ahead in 33) : Albuquerque, NM Anchorage, AK Blytheville, AR Boise, ID Bozeman, MT Casper, WY Fargo, ND Fayetteville, AR Ft. Smith. AR Gallup, NM Grand Forks, ND Grand Island, NE Hot Springs, AR Idaho Falls, ID Kenewack, WA Lewiston, ID Little Rock, AR Merced, CA Modesto, CA Nogales, AZ Pine Bluff, AR Provo, UT Pueblo, CO Redding, CA Salem, OR Salt Lake City, UT Santa Fe, NM Spokane, WA TUCSON, AZ Tulsa, OK Twin Falls, ID Wichita, KS Yakima, WA I'm not sure how the prices compare to previous auctions. Based upon what I've observed of this auction so far, it appears that LWIN is following their business plan of providing cheap WLL service to underserved areas. It also appears that they have a budget and price in mind for the spectrum upon which they are bidding. I'm pretty impressed with their discipline. It looks like they are concentration on being the telephone service for several western states.