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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: gruetz who wrote (8948)11/13/2000 11:35:34 AM
From: rhkohnen  Read Replies (2) of 15615
 
A recent article mention that the cost of bandwidth has dropped by 60% and is still dropping. If the market assumes constant demand then a 60% reduction in revenues could be projected. The key assumption is constant demand which IMHO is false. What compounds the bandwidth demand issue is the performance of Internet stocks. The market could perceive that the drop in Internet stocks, which is in the same ballpark as the drop in telecoms could imply softening in demand.

GX is not in this area, and it should become apparent when the actual earning reports come out. If GX differentiates itself from this group you could see dollars moving into GX from other telecom holdings. Under this scenario, GX could move against this bear market to a more respectable level.

Best Regards
Bob
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