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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Robert Sheldon who wrote (2044)9/22/1999 1:28:00 PM
From: Douglass Smith  Read Replies (3) of 15615
 
They did not give specific hints about how their PR would proceed. Of course, they spent much of the meeting outlining their marketing approach of cutting costs and laying cable around the world. This will be accompanied by worldwide webhosting, etc. once the FRO merger is complete.

Said something about a deal with EMC on remote storage as well.

Said their main competition was the monopoly carriers around the world (i.e. NTT) and not the US fiber guys like Qwest. I think their plan going forward will be to undercut the monopoly carriers on bandwidth, sucking costs out. Since the market for bandwidth is elastic, this will help drive new revenue opportunities.

They reiterated the fact that they recouped ALL costs on laying AC-1 cable by selling 10% of its capacity.

Also said they were now working on last-mile end-to-end solutions in multiple cities around the world.

(I should say that I did not take notes at the meeting -- silly me -- so this is from memory).

Doug
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