Metro PCS 2007 Annual Report Download - page 51

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our ability to draw certain amounts under our existing senior secured credit facility or could result in a default under
our 9¼% senior notes due 2014.
The FCC may adopt rules requiring new point-to-multipoint emergency alert capabilities that would require us
to make costly investments in new network equipment and consumer handsets.
Congress recently passed the Warning, Alert, and Response Network Act, or the Act, which requires the FCC to
adopt, relevant technical standards, protocols, procedures and other technical requirements based on such
recommendations necessary to enable alerting capability for commercial mobile radio service, or CMRS, providers
that voluntarily elect to transmit emergency alerts. Under the Act, a CMRS carrier can elect not to participate in
providing such alerting capability. If a CMRS carrier elects to participate, the carrier may not charge separately for
the alerting capability. Until the FCC completes its rulemaking, we do not know what requirements it may adopt and
what their impact will be on our network and service. Adoption of such requirements and our election to provide or
not provide this service, however, could require us to purchase new or additional equipment and may also require
consumers to purchase new handsets.
General Matters
Until our initial public offering in April 2007, there was no market for our common stock and our stock price
may be volatile.
Prior to the consummation of our initial public offering in April 2007, our common stock was not listed on a
national exchange or publicly traded. As a company which recently has become listed on a national exchange, the
price at which our common stock trades is likely to be highly volatile and may fluctuate substantially because of a
number of factors, such as:
• actual or anticipated fluctuations in our or our competitors operating and financial results;
• changes in or our failure to meet securities analysts' expectations;
• entry of new competitors into our markets;
• introduction of new products and services by us or our competitors or changes in service plans or pricing by us
or our competitors, including the introduction of unlimited fixed-rate plans by our competitors;
• significant developments with respect to intellectual property rights or litigation;
• conditions and trends in the communications and high technology markets;
• volatility in stock market prices and volumes, which is particularly common among securities of
telecommunications companies;
• the general state of the U.S. and world economies;
• the announcement, commencement, bidding and closing of auctions for new spectrum or acquisitions of other
businesses; and
• actions occurring in and the outcome of litigation between Leap and us and Freedom Wireless and us.
In addition, in recent months, the stock market has experienced significant price and volume fluctuations. This
volatility has had a significant impact on the trading price of securities issued by many companies, including
companies in the telecommunications industry. The changes frequently occur irrespective of the operating
performance of the affected companies. Hence, the trading price of our common stock could fluctuate based upon
factors that have little or nothing to do with our business or its performance.