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Technology Stocks : 360Networks - TSX - TSIX

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To: rajaggs who wrote (155)4/29/2001 8:22:47 PM
From: Marty Lee  Read Replies (1) of 449
 
Hi rajaggs,

Pulled this off the www.epoch.com site.
Written by the "experts" there about 90 days ago.

360 Networks:

Valuation

Recommendation

"We believe 360networks' shares represent an attractive buying opportunity for long-term investors. The company is poised to become a leading player in the growing market for providing the bandwidth needed to support a world of low cost, high availability data communications. The company's excellent record of execution and strong industry fundamentals position 360networks to thrive in the broadband and IP data services market. Based on our assessment of the company's intrinsic value, derived from its future cash flow generating potential, we believe an equity valuation for 360networks of approximately $20 billion, or $25 per share, presents an excellent purchasing opportunity for investors."

With a long term debt as large as the number of stars in the Milky Way and more shares outstanding than there are people in North America, investors waiting for the "old highs" will have to have a whole hell of a lot of PATIENCE. :)

Ciao,
Marty
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