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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Spekulatius who wrote (11193)5/15/2001 2:28:12 AM
From: RobertSheldon  Read Replies (1) of 15615
 
*The earnings warnings from CWP indicates that the price war may be raging and I am not sure if GX will remain unscathed.*

Again. GX benefits from declining prices.

The best way to think of it is of the price of transistors. INTC certainly did not go out of business as the price per transistor plummeted from $0.08 to less than $0.000001 (I hope I got my zeros right . . . but I bet you get the picture).

In other words: Price declines mean more bucks for GX due to the elasticity of demand.

I would welcome any evidence that CWP or even GX is experiencing declining rates. CASEY even SAID THIS in the recent call. You can listen to it at: globalcrossing.com

Regarding your power quip, we have been in that investment space for better than four years making great rates of returns there. Perhaps I can sum both areas up well by saying: would you rather be early or late to the space?

One more time . . . GX benefits from falling prices.

Have a great evening.
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