Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: DWB who wrote (9883)	2/15/2001 10:41:20 AM
From: Teddy	Read Replies (2) of 15615

DWB, looks like SSB will issue a full report later today. this came out last night: Salomon Smith Barney ~ February 15, 2001 Global Crossing Ltd. (GX) GX: Q4 Results Strong; Mix Skewed More Towards Capacity Than Services 1S February 14, 2001 SUMMARY * Q4'00 PF cash rev's $1.54B ahead of our $1.47B est. and 17% above Q3. Telecom svs. cash revs ex. I&M, $1.39B ahead of our $1.35B estimate and 16% above Q3. Adj. EBITDA $418M ahead of our $367M est. (PF Ex. ILEC & Glbl Cntr) and up ~10% from $379M in Q3'00. * Guidance for 2001 & Q1'01 in line w/ previous guidance. . * Rev. mix in 4Q, more skewed towards capacity sales. Cap sales 38% of total revs up from 31% in Q3. Cap sales grew 40% seq. as GX selling larger deals with all systems in service. Geographic capacity diversity far better than a year ago; e.g. Atl 15% vs. 2/3s a year ago. Also big jump in glbl ntwk orders. * Comml revs down slightly seq. Data products up 30% seq., but IPC & PL down seq. Data was 59% of total rev's, vs. 54% in Q3, data svs 33% of data sales vs. 43% in Q3 as cap sales jumped in Q4'00. * We'll have more detailed note out Thurs.

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