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Leap Wireless Posts Losses, But Sales Gain!By: Rodney Harris - February 28, 2007 Cricket Wireless phone's and Jump Mobile's parent company Leap Wireless posted a net loss of $39.4million dollars today which amounts to about 60cents a share according to this LA Times Article. The company attributes the losses to the expansion of their sales a whopping 37%. Despite the posted losses the stock actually rose today. The news seems to be honey to the ears of shareholders who are betting on a great future for cricket wireless and jump mobile prepaid service. In a related story, the company NextG Networks claims it had its best year ever partially attributed to building nodes and fiber networks for cricket. This is a good indication that Leap and Cricket are both preparing for the future of mobile technology and increasing service areas which Sources: |
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