Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: RobertSheldon who wrote (5551)	4/17/2000 8:16:00 PM
From: gruetz	Read Replies (2) of 15615

SSB's Grubman issues research report today at 10:07am titled: MARKET TREMORS DON'T SHAKE STRONG SECULAR TELECOM TRENDS Here are a couple excerpts from that 11 page report: Given all this, we continue to see more consolodation in this industry. At the high end, the major companies around the world continue to be in a land grab as they attempt to have global infrastructures that, to be blunt, mimic what WorldCom looks like. We clearly think Global Crossing has the best set of independent assets in the world. We think it will drive value in its own right on those assets, especially by using IXNet as a front end into the commercial market place. Furthermore, Global Crossing will sell ILEC and Global Marine assets for $5 billion which has the consequence of shedding non-core assets yet leaving the FV/EBITDA multiple unchanged, while increasing EBITDA growth by 800 basis points. Clearly, over time, companies with lots of customers to follow around the world such as France Telecom and Deutsche Telekom will be increasingly looking to marry companies that have new network infrastructure.

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