Leap Wireless Spin-Off
Eliminate conflicts of interest with customers
Enable separate market valuations of QUALCOMM and Leap
Improve management focus on growth of CDMA service providers
Enable Leap to attract, retain, and motivate employees with Leap stock incentive plans
Eliminate QUALCOMM’s recognition of start-up operating losses in Leap’s CDMA service providers
Enhance revenue and margin recognition on equipment sales to Leap’s CDMA service providers