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Technology Stocks : GX Investors Thread
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To: BWAC who wrote (29)8/20/2001 9:55:14 PM
From: Sweet Ol  Read Replies (2) of 586
 
If you assume that the current market value of the equipment is about 50% of the book value then it just about equals the debt. That is about right considering the drop in equipment replacement costs. In other words, the net value of the assets is about zero. So the $4.5B market cap is for sales going forward. OK, but not exciting.

Best to all,

JRH
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