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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Walter in HK who wrote (5345)4/11/2000 2:56:00 AM
From: RobertSheldon  Read Replies (2) of 15615
 
*What do you say to this Street.com item ?*

I know that my investment in GBLX is safe. Apart from two trusted fellas, I rely on my own evaluation abilities. I do my own research. Qualitative and quantitative, I consider it all. In general I do not pay attention to what a bunch of writers think . . . the quality of reporting has declined with the increase of public companies . . . as has the quality of most any "analyst" perspective. If you insist on working yourself up over what one person's view is by all means be my guest. In the long run all that is currently being written about any company is meaningless. It is the value of the business and how that business performs that is important - not somebody's view or interpretation.

*A real bad sign. What do they know that we don't know ?*

My friend, it is not what they know - it is what we know and what they do not. Do not underestimate yourself or the shortcomings of others.

In reality the writer you cite at TSC is not even aware of GBLX's VC unit . . . much less the thoughts I put forth in the following post:

Message 13382517

Anyway, in response to your actual question, I would say that the deal might have been cut due to the low price received. I'm sure management had something higher in mind . . . the fact that the deal was funded several days ahead of schedule leads me to believe that this is what likely occurred.

BUT HEY! This is only my opinion, and as I stated above, I am merely voicing it . . . time will answer us with wealth and plenty of lemmings gnawing at our heals for a piece of this glorious company.

So sit tight . . . as I mentioned to Steven Malsin recently, I have my eye on a valley that I plan to buy (and preserve) with my GBLX wealth.
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