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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Theophile who wrote (8752)10/26/2000 3:24:48 PM
From: TENNET  Read Replies (1) of 15615
 
Telecom service providers are going to benefit from the inventory buildup of infrastructure products, whose producers (like Nortel) will have to lower prices going forward, Farber said. Lower infrastructure costs will help companies such as Verizon (VZ:NYSE - news), Nextel Communications (NXTL:Nasdaq - news) and Global Crossing (GBLX:Nasdaq - news) post stronger-than-expected earnings even if revenue growth isn't spectacular, he theorized.

Nightingale & Farber is long the aforementioned telecom names.

thestreet.com
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