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Technology Stocks : GX Investors Thread
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To: BWAC who wrote (34)8/20/2001 11:33:12 PM
From: KJ. Moy  Read Replies (2) of 586
 
<<When the current in place network is fully depreciated ($11 Billion worth of depreciation) and still producing revenue will you argue that it has no value at all? >>

GX's network is equivalent to someone bought up lots of nice rental properties in the Boston downtown area 10 years ago. You get to depreciate them during tax time and in reality they go up in value everyday. And, the replacement price is only higher over time, not lower. Your excellent point is missed by many investors today.
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