Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Robert Sheldon who wrote (1977)	9/20/1999 9:25:00 AM
From: AurumRabosa	Read Replies (1) of 15615

Robert, I read all these Barron's articles and I fail to see the similarities. Could you please elaborate on some specifics? Wasn't the point of the Barron's comments regarding GBLX directed at how they'll be forced to report future earnings streams based on the sale of "dark fiber" due to an accounting rule change? If the new accounting standard that has already been applied to terrestrial dark fiber sales is also applied to aquatic dark fiber sales, and I think it will be, they'll have to amortize the earnings over 20 years instead of showing huge earnings up front. The GBLX CFO's letter was also published in Barron's and he made a half-hearted attempt to convince readers to believe his dogma. "Trust me," was all I heard him say, they won't apply the rule to land-based dark fiber. That's a real stretch of the imagination but easy to swallow if one also swallows the "New Era" paradigm. OTOH WCOM is selling lit fiber and other services. "Funny that this weeks barron's praises WCOM for the same basic reasons it lambasted GBLX last weekend. What a bunch of hacks."

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