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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: changedmyname who wrote (11158)5/11/2001 4:14:33 PM
From: TechMkt  Read Replies (2) of 15615
 
Terrible day for GX. LVLT got downgraded today, so I can understand their fall. It's pathetic that GX can't even break 15 after an earnings report like that.

There are a few things that are scheduled to happen in the next 7 weeks:

1. Network complete
2. ILEC deal closes
3. New GX network solutions deals announced.

If these events can't move us up, then I don't know what will.

I still plan to attend the shareholders meeting on 13 June. It sickens me that we are voting on more options for GX executives when shareholders have been losing money by the buckets. I don't see the value of these options. Last year, the stock was in the low 30's at the shareholder meeting. Now we are in the teens. The macro-economic conditions have gotten better, but GX still can't get any respect on the street.

When shareholder value (i.e. share price) increases, then I can see giving execs more options, but not before.

Fez
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