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To: Dale Baker who wrote (4481)	4/18/1999 2:39:00 AM
From: John Bigboote	Read Replies (1) \| Respond to of 118717

Have you been to the SI thread? Some good digging by Max90 re: losing the insurance side of the co. Message 8982948 Excerpt: >>But an insurance rating agency disagreed. Weiss Ratings Inc. of Palm Beach Gardens, Fla., had given the health company that Provident American sold a " grade, meaning it judged the entity financially weak. Recently, Weiss downgraded the remaining insurance operation at Provident Amer can to D-, a rating which puts it in the lower third of weak companies.

To: Dale Baker who wrote (4481)	4/18/1999 2:55:00 AM
From: kathyh	Read Replies (1) \| Respond to of 118717

Hi Dale, here is a bit of info on LWIN... Float 13.2 million... (yes, I am paying attention...<ggg>) From yahoo: Price and Volume (updated Apr 14, 1999) 52-Week Low $2.688 Recent Price $20.438 52-Week High $25.50 Beta N/A Daily Volume (3-month avg) 277.8K Share-Related Items Market Capitalization $363.2M Shares Outstanding 17.8M Float 13.2M Dividend Information Annual Dividend none Per-Share Data Book Value (mrq) $13.70 Earnings (ttm) -$2.51 Sales N/A Cash (mrq) $0.42 Valuation Ratios Price/Book (mrq) 1.49 Price/Earnings N/A Price/Sales N/A Income Statements After-Tax Income (ttm) -$44.4M Sales N/A Profitability Profit Margin N/A Management Effectiveness Return on Assets (ttm) -25.80% Return on Equity (ttm) -29.15% Financial Strength Current Ratio (mrq) 1.79 Long-Term Debt/Equity (mrq) 0.05 Total Cash (mrq) $7.50M Short Interest Shares Short as of Mar 8, 1999 1.16M Short Ratio 4.38 From the investor factsheet... leapwireless.com Leap Wireless International is a wireless communications carrier that deploys, owns and operates wireless networks in domestic and international markets with strong growth potential. Leap Wireless was formerly a part of Qualcomm Incorporated and it was spun off as an independent company in September 1998. The company is listed on the NASDAQ National Market under the symbol: LWIN and has approximately 80,000 shareholders and 17,700,000 shares outstanding. FAQ leapwireless.com recent chart... bigcharts.com 1998 10K sec.gov the PR announcing 2Q results... only took them 10 paragraphs to get to this... leapwireless.com The condensed financial information for the Leap Wireless unconsolidated operating companies accounted for under the equity method is as follows: revenues for Leap Wireless operating companies for the second quarter were $1.1 million compared to no revenues in the second quarter of 1998. Operating expenses for Leap Wireless operating companies for the second quarter were $36.2 million compared to operating expenses of $3.6 million in the second quarter of 1998. Other income, net was $1.9 million compared to $0.8 million in the second quarter of 1998. Foreign currency losses were $4.4 million compared to no losses in the second quarter of 1998. Net losses for Leap Wireless operating companies for the second quarter were $38.7 million compared to net losses of $2.8 million in the second quarter of 1998. The results of Leap's unconsolidated operating companies are as of and for the three months ended December 31, 1999, a two-month lag. Leap's share of the net losses of the operating companies was $18.3 million compared to $2.0 million in the second quarter of 1998. The significant increase consisted primarily of increased network development and launch preparation activities at PEGASO. Leap's consolidated net loss for the second quarter was $19.5 million or $1.10 per share compared to a net loss of $3.4 million for the same period in 1998. This includes both Leap's share of the losses incurred by the operating companies and general and administrative expenses incurred directly by Leap. Headquartered in San Diego, California, Leap Wireless International is a wireless communications carrier that deploys, owns, and operates networks in domestic and international markets with strong growth potential. Through its operating companies, Leap has launched all-digital wireless networks in Chile, Mexico, and the U.S. and plans to offer service in Russia and Australia. Leap's operating companies have licenses covering 162 million potential customers, of which Leap's equity share is approximately 62 million (including pending U.S. spectrum acquisitions). For more information about Leap Wireless, please call Investor Relations at 1-619-882-6111 or visit the company's web site at www.leapwireless.com.