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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: PaperChase who wrote (2556)10/11/1999 2:27:00 PM
From: Mohan Marette  Read Replies (2) of 15615
 
PC: I don't know what the going rate for Telecom companies are but obviously GBLX (aided by Goldman Sachs) and the analyst community think differently than you, ie paying about 4-5 times annual revenue for Racal Telecom. Also do note the deal is accretive, there is no redundancy involved in the deal,MCI uses Racal's backbone to considerable extent in the UK,the market is the second largest in terms of growth, Racal do have positive and healthy cash flow along with 22-40 million pounds in earnings. Also 'assets' in proper hands could do wonders is what I am hearing,we shall see these guys got what it takes to make GBLX a 'player' in the international Telecom arena.
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