Leap shares rise.Leap Shares Rise: Leap Wireless Leap Wireless International Inc. is a public telecommunications company that provides customers with affordable wireless services through its subsidiaries, Cricket and Jump Mobile. International Inc., a San Diego-based flat-rate wireless carrier, reported a net loss of $7.6 million on revenue of $20.5 million for its third quarter ended Sept. 30, compared with a net profit of $957.3 million on revenue of $206.9 million in the like period of 2004. The disparity dis·par·i·ty n. pl. dis·par·i·ties 1. The condition or fact of being unequal, as in age, rank, or degree; difference: "narrow the economic disparities among regions and industries" was the result of Leap emerging from bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most last year and benefiting from the "fresh start" accounting it used. For the nine months, Leap reported net profit of $7.6 million on revenue of $685.7 million. The comparative nine months included the time when Leap was in Chapter 11 bankruptcy The results pushed shares of Leap up by nearly $2 in Nov. 10 Nasdaq trading to about $35, close to its high for the year. |
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