Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: pass pass who wrote (1306)	7/9/1999 9:26:00 PM
From: Teddy	Read Replies (1) of 15615

hi pass pass, "poking around" is a good way to learn about companies. Here is some insight into your questions: Basicly, the reason why the price to sales is so high is that only sales on operating networks are recorded as revenue: GBLX has over $1 Billion of sales that are deferred until completion of segments of the global network (dates ranging from 11/99 to X/01). Revenue from sales are reported differently depending on the type of contract (ex: dark fiber, IRU, fixed bandwidth, "good anywhere on the network", VPN...) If you are interested, it might be a good idea to spend a few hours on the company's totally awesome website to get a better picture and than read their SEC filings. globalcrossing.com Your second question was pretty much answered: Bermuda is a common tax haven for international telecom companies. Global Crossing's operations are headquartered in Hamilton, Bermuda, with offices in Los Angeles; New York City; Morristown, New Jersey; San Francisco; Miami; London; Amsterdam; Tokyo; and Buenos Aires. We are mostly nice people on this thread (i'm moody <G>), please stop by with any other questions or comments. Best wishes

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