FAQ

1.How was Leap Wireless International, Inc. formed?
2.What does Leap do?
3.How does Cricket offer service at prices that are so much lower than its competitors?
4.What types of products does Cricket offer?
5.Who are Cricket’s competitors?
6.What happened to the shares of Leap Wireless stock that traded under the ticker symbol LWIN?
7.I received shares of Leap Wireless stock when the Company spun-off from Qualcomm. How do I determine the value of that stock today?
8.Where is Leap headquartered?
9.How many employees work at Leap?
10.When was Leap’s initial public offering (IPO), and at what price?
11.How many shares of Leap stock are outstanding?
12.On what exchange does Leap trade, and what is its ticker symbol?
13.How can I invest in Leap? Can I purchase Leap stock direct from the Company?
14.Does Leap pay a cash dividend?
15.When does Leap report earnings?
16.How can I listen to the webcast for the earnings report?
17.I missed the earnings webcast. Can I listen to the archived session?
18.When does Leap’s fiscal year end?
19.When and where does Leap hold its Annual Meeting of Stockholders?
20.Can I attend the Annual Stockholders Meeting?
21.Where can I find all of Leap’s Securities and Exchange Commission (SEC) filings?
22.How can I download and view Leap’s quarterly and annual reports online?
23.How can I get a copy of Leap’s annual report?
24.Who are Leap’s independent auditors?
25.What is a transfer agent? Who is Leap’s transfer agent, and how do I contact them?
1.How was Leap Wireless International, Inc. formed?
 Leap Wireless International, Inc. was formed as a spin-off from Qualcomm (QCOM) on September 23, 1998. The Company began with 30 employees who were united by a vision to provide affordable wireless services to a wide range of customers.

2.What does Leap do?
 Leap Wireless International, Inc. is a wireless communications company that offers innovative, high-value wireless services to a fast-growing, young, ethnically diverse and value-focused customer base through its Cricket brand. Cricket offers customers unlimited access to wireless voice and data services for a flat rate, without requiring a fixed-term contract. The Company’s business model has been built from the ground up with an industry-leading cost structure, which enables Cricket to provide wireless services to customers at a significantly lower price than many of its competitors.

3.How does Cricket offer service at prices that are so much lower than its competitors?
 

Cricket was established to provide a service to an underserved market segment. The Company’s focus on cost leadership enables Cricket to provide products and services at affordable price points for its customer base. As such, Cricket’s internal processes, networks, products and service plans have each been engineered from the ground up to deliver exceptional value.

Internally, the Company’s culture is shaped by a commonly held belief that Leap and Cricket employees have a responsibility to challenge the norms of the wireless industry on behalf of their customers. Whereas some wireless companies see customers as an opportunity, the Company’s employees continually strive to find ways to provide wireless services to their customers at a significantly lower cost than many of the companies in the competitive landscape.


4.What types of products does Cricket offer?
 Cricket’s wireless devices and services are sold under four brands: Cricket Wireless, Cricket Broadband, Cricket PAYGo™ and MuveMusic™. Each of these brands has been developed to provide value that is relevant to Cricket customers’ budgets, priorities and time.

5.Who are Cricket’s competitors?
 Cricket is a pure-play wireless prepaid provider. The Company competes against a variety of national, regional, small and rural wireless service providers. These include AT&T, Verizon, T-Mobile, Sprint, Boost (a division of Sprint), Virgin Mobile, MetroPCS, StraightTalk (a division of America Movil) and Clearwire.

6.What happened to the shares of Leap Wireless stock that traded under the ticker symbol LWIN?
 On April 13, 2003, Leap Wireless International, Inc. filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. On August 16, 2004, the Company’s Fifth Amended Plan of Reorganization became effective, and the Company emerged from bankruptcy. At that time, all of the Company’s issued and outstanding stock, warrants and options that were associated with the ticker symbol LWIN were cancelled, and the holders of those securities did not receive any distribution.

7.I received shares of Leap Wireless stock when the Company spun-off from Qualcomm. How do I determine the value of that stock today?
 Shareholders of QCOM received one share of LWIN common stock for every four shares of QCOM common stock held on the Record Date of September 11, 1998. However, on August 16, 2004, the Company emerged from bankruptcy, after its Fifth Amended Plan of Reorganization became effective. The Company had filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code on April 13, 2003. As of August 16, 2004, all of Leap Wireless’ issued and outstanding stock, warrants, and options associated with the ticker symbol LWIN were cancelled. The holders of these securities did not receive any distribution.

8.Where is Leap headquartered?
 Leap Wireless International, Inc. is headquartered in San Diego, California. The Company also has a large corporate presence in Denver, Colorado.

9.How many employees work at Leap?
 As of December 31, 2010, the Company had approximately 4,700 employees.

10.When was Leap’s initial public offering (IPO), and at what price?
 Leap Wireless International, Inc. was established as a spin-off from Qualcomm (QCOM) on September 23, 1998 with 30 employees who shared a vision to provide affordable wireless services to a wide range of customers. In late 1999 the Company filed to make an initial public offering of stock. At that time, the Company issued four million shares.

11.How many shares of Leap stock are outstanding?
 As of December 31, 2010, the Company had approximately 78 million shares outstanding.

12.On what exchange does Leap trade, and what is its ticker symbol?
 Leap’s common stock is traded on the NASDAQ Global Select Market under the ticker symbol “LEAP”.

13.How can I invest in Leap? Can I purchase Leap stock direct from the Company?
 Leap does not offer a direct purchase plan. You may purchase stock from a licensed securities broker.

14.Does Leap pay a cash dividend?
 At this time, Leap does not anticipate paying any dividends on its common stock.

15.When does Leap report earnings?
 The Company’s earnings release dates are listed on the Calendar of Events on this website as they are established. Leap will typically distribute a news release announcing the timing of the release of financial results, or other material information, between one and four weeks prior to the disclosure.

16.How can I listen to the webcast for the earnings report?
 All of the Company’s investor presentations and earnings reports are webcast and available for live streaming on this website. Please see Webcasts and Presentations for more information.

17.I missed the earnings webcast. Can I listen to the archived session?
 Yes. All of Leap’s earnings reports are webcast and available for streaming on this website for one year after their initial release.

18.When does Leap’s fiscal year end?
 Leap’s fiscal year ends on December 31st.

19.When and where does Leap hold its Annual Meeting of Stockholders?
 Leap will announce the date and location for its Annual Meeting of Stockholders in the Calendar of Events section of this website. You can find additional information about Leap’s Annual Meeting of Stockholders in the Company’s annual proxy statement.

20.Can I attend the Annual Stockholders Meeting?
 You may attend the Company’s Annual Meeting of Stockholders only if you are a Leap stockholder. You can find additional information regarding attendance in the Company’s annual proxy statement.

21.Where can I find all of Leap’s Securities and Exchange Commission (SEC) filings?
 Leap’s financial reports are filed with the SEC, and can be accessed either from the SEC’s website or in the Financial Information section of this website.

22.How can I download and view Leap’s quarterly and annual reports online?
 Leap’s financial reports are filed with the Securities and Exchange Commission (SEC), and can be accessed either from the SEC’s website or in the Financial Information section of this website.

23.How can I get a copy of Leap’s annual report?
 The Company’s 2010 Annual Review is available at http://www.leapwireless.com/ar2010/. If you would like to request a hard copy of Leap’s Annual Report, please submit a request to IR@leapwireless.com.

24.Who are Leap’s independent auditors?
 Leap’s independent auditors are PricewaterhouseCoopers LLP.

25.What is a transfer agent? Who is Leap’s transfer agent, and how do I contact them?
 

A transfer agent keeps records of every outstanding stock certificate, as well as the name of the person to whom it is registered. When stock changes hands, the transfer agent transfers the ownership of the stock from the seller’s name to the buyer’s name. Leap’s transfer agent is BNY Mellon Shareholder Services.

Please Note: Leap’s transfer agent does not maintain records of shares that have been purchased or sold through a brokerage account (i.e. E*Trade, Fidelity, Charles Schwab, etc.)