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Technology Stocks : 360Networks - TSX - TSIX
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To: Dexter Lives On who wrote (206)5/16/2001 4:11:32 PM
From: Marty Lee  Read Replies (1) of 449
 
More of the same,

Where are all our friends?

Bottom Line

"Until the funding gap is closed, the company's financing status will remain the most pressing issue looming over the stock. 360networks is a victim of unfortunate timing due to the current capital-market conditions and a rapid change in customer buying habits. Customers are switching from purchases of long-term IRUs (indefeasible rights of use) to short-term leases of capacity, which means a reduction in the cash sales that fund the company's operations. In turn, the company must now face the tough capital-raising environment itself to continue serving its customer base. Over the near-term, we expect the operating environment to remain difficult as carriers continue to spend cautiously on network infrastructure. The one possible positive catalyst on the horizon would be the company's receiving additional funding and erasing its liquidity issues. Until that happens, however, we maintain our stance that investors should avoid shares of TSIX.

epoch.com

According to Greg Maffei, we were to have enough monies upon modifying our plans to weather current problems. Now we are $300 million short with having shut down even more than was said to be planned.

Just trying to help,
Marty
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