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AirGate PCS, Inc. Corrects Consolidated Balance Sheets for June 30, 2001, Deferred revenue should be $11,009 Sted $10,009.


Business Editors

CORRECTION...by AirGate PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , Inc.

--(BUSINESS WIRE)

In BW0433, (GA-AIRGATE-PCS) AirGate PCS, Inc. Announces Solid Third Quarter Fiscal 2001 Results; Company Again Exceeds Expectations With Almost 36,000 Net New Subscribers; EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become  Losses Continue to Decline, Consolidated Balance Sheets consolidated balance sheet

A balance sheet in which assets and liabilities of a parent company and its controlled subsidiaries are combined, thereby presenting balance sheet items for the parent and its subsidiaries as if they were a single firm.
 for June 30, 2001, Deferred revenue should be $11,009 (sted $10,009).
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 25, 2001
Words:54
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