Rochester, NY 8/7/2009 11:27:00 PM
Leap Wireless International, LEAP stuggles while other telecoms soar
Leap Wireless International
Leap Wireless announced a disappointing quarter and the market listened. Their shares dropped while other telecoms stocks climbed.
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This announcment came on the heels of MetroPCS Comm (a rival) also reporting dismal Q2 results, with stocks tumbling 29% Thursday and 3.3% more on Friday.
While the announcment(s) came on Thusday, the last several months have shown investor concerns over a possilbe price war in the discount U.S. wireless niche.
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