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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: RobertSheldon who wrote (10081)2/28/2001 7:19:24 PM
From: Ally  Read Replies (1) of 15615
 
I did read the interview and had mixed thoughts about it. Viz:

>Just 18 months ago, we got 100% of our revenue by selling capacity products in the Atlantic. In our budget for 2001, we are relying on the Atlantic for less than 2% of our revenues. That's because we know there is new competition coming, and we constructed our budget so that we can make our numbers even if we sell almost nothing in the Atlantic. So from that point of view, we don't think it has a big impact on our business.<

He should have explained how GX was going to meet the budget. Atlantic used to be 100%, the budget calls for only 2%. This year 98% will be from elsewhere. WHERE? Without clarifying where and leaving the question in readers mind wondering where, is not good public relations. Some may say, too aggressive a budget.
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