Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Big Bucks who wrote (5563)	4/17/2000 10:05:00 PM
From: gruetz	Read Replies (2) of 15615

I thought they now have adequate funding? In Grubman's research piece, he says GBLX will receive $5 bln from the sale of Global Marine and ILEC assets. This coupled with recent equity offering, and hopefully the IPO's in June and July, should be sufficient. When your telecom assets are "the best in the world" and coveted by the big telecoms, what's the downside, to the investor in GBLX, if the company ran into difficulty getting all the funding they needed: getting only $90 per share selling sooner than mgmt wanted rather than $200 a few years down the road? Both of those outcomes don't look too bad to the investor looking to pay $28 per share today.

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