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 (5777)	4/24/2000 1:57:00 PM
From: gruetz	Read Replies (2) of 15615

BB and others, I share the same concerns as everybody who has been posting as of late, am also in at much higher prices, and couldn't possibly justify selling at these levels. My only hope is that this fractionalization of the company structure is being done with a purpose in mind that will enhance shareholder value. One thing to keep in mind is that most growth oriented telecom companies that had a good run until the last month are down 40 to 60%. This includes webhosting companies such as Exodus, which until today had been holding up pretty well, who is now down 52%. Perhaps GBLX is at a 60% decline vs. only 40% for LVLT or others because of the secondary offering being jettisoned at a time when telecom is out of favor and IPO's like 360 and AT&T Wireless are sapping up any money available for telecom investment. Although LVLT is a good company with great prospects, I can't believe it can maintain a market cap $4 bln greater than that of GBLX for too long. I believe most analysts have GBLX targeted for a market cap of $10 to $20 bln more than LVLT. We just plain and simple have a market anomaly at this time. I wish it weren't the case!

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