MetroPCS Communications, Inc. (PCS)

[bowonwing]

December 15, 2009 PCS 7.43 BERNSTEIN INITIATES METROPCS (PCS), LEAP WIRELESS (LEAP) WITH OUTPERFORM... Analyst Jim Mathias says competition within pre-paid wireless
market is intense, and is only getting worse. Notes with a surfeit of competitors,
the market is structurally unstable. Says with this as a backdrop, expectations for
LEAP, PCS are, not surprisingly, low; but in his view, they are now too low. Says
as the lowest cost providers in the pre-paid market, LEAP, PCS are positioned to
withstand further price compression; their competitors are not. Has $23 target to
LEAP, $10 for PCS./B.Brodie from S&P PCS Stock Report, TP $12.