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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: DlphcOracl who wrote (1640)9/1/1999 9:20:00 PM
From: J Gunn   of 15615
 
Fine and Dandy. You did read Teddy's comment that NEW companies rarely do this. Any stock buy back plan can be interpreted as long-term confidence in the future of the company.

I was simply questioning if there wasn't a BETTER use for the money, such as paying down their loans. That would improve the bottom line by reducing interest expense.

After all, the sooner this company is PROFITABLE, the sooner the rest of the investing community will see GBLX's value, right?!
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