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Technology Stocks : George Gilder - Forbes ASAP
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To: George Gilder who wrote (2144)10/19/1999 10:31:00 AM
From: DavidCG  Read Replies (1) of 5853
 
Ok George, Here it is. Ready for a bargain? I'll even give you a comparision.

GTSX = GST Communications

An Intergrated Communications Provider (ICP)

37 million shares. Trades at $7.75. Market Cap = $286 mil

6900 miles of fiber network. It covers:

MAJOR U.S. BACKBONE HUB CITIES

Arizona - Phoenix
Arizona - Tucson
California - Fresno
California - Los Angeles
California - Ontario
California - Pasadena
California - Riverside
California - San Francisco
California - San Luis Obispo
California - Walnut Creek
Hawaii - Honolulu
Idaho - Boise
New Mexico - Albuquerque
Oregon - Portland
Washington - Seattle
Washington - Spokane

San Diego, CA and Houston,TX will be connected via fiber by the end of 1999.

Next year GSTX is planning to expand their Tier 1 backbone to the east with Chicago and Washington DC.

Revenues this quarter: $90 - $100 million

Let's compare it to another ICP in the Southwest:
CPRK (CapRock communications)

An ICP. 33 mil shares. Trades at $21 1/2. Market Cap: $709 mil

Only 400 miles of fiber network in south texas.

CPRK wants to expand to Oklahoma, Arkansas, Louisiana this year. CPRK wants to expand to New Mexico and Arizona next year.

So basically, you can get GSTX at a heavy discount to its peers. And GSTX has been selling excess fiber capacity to companies like Williams. They recently sold $100 million in excess capacity fiber to Williams in California.

GSTX recently won a $50 million lawsuit from GBT.

Things are looking great for GSTX in the future!

And GSTX is indeed a bargain for any company (like Bell Atlantic) who wants West Coast Exposure via fiber for pocketchange. For only $286 million marketcap, you get a lot of fiber backbone!

Any commentary would be appreciated.

-DavidCG
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