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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: RobertSheldon who wrote (8980)11/19/2000 1:04:20 PM
From: Dragonfly  Read Replies (1) of 15615
 
Interesting, revenues are growing faster than expenses, which is good. I'm going to have to get my annual report to do a decent analysis, though. Are they building to plan?

Robert-- who is this "We" you talk about "Our Total Revenues Estimate"? Are you talking about you and your wife?

On the election, notice that every recount-- by machine or by hand, has netted far more new votes for Gore than for Bush, even in counties that were heavily Bush in the first count and run by Republicans (who are clearly acting along partisan lines-- trying to "certify" the election 14 days before they are required to under state law and before the votes have been counted.) If you know anything about computers, you know that visual inspection of each ballot is far more reliable than a punch card reader. All the election evidence shows this as well.

Anyway, back onto Global Crossing. The price of the stock is even more in the tank and I'm wondering "What does the market know (ie: think) that I don't think?"

Last time I did in depth analysis of this company, thy were executing ahead of plan and at or below budget. The market must fear something- competition? I saw a 360 networks truck in the parkinglot where I live last night, that was a surprise.

I don't think bandwidth glut is the only reason the stocks down. I think its the general downturn, and a lot of uncertainty about GX. But it seems odd- oportunity or warning? Not sure yet.

Dragonfly
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