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Technology Stocks : 360Networks - TSX - TSIX

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To: LAURIE SELINE who wrote (228)	5/20/2001 3:46:41 AM
From: Marty Lee	Read Replies (1) of 449

Dear Laurie, "Selling out or merging with GX makes so much sense it's scary." ......Laurie Laurie, you're probably right. But then there's greed and shortsightedness to account for. In a short while, GX with its lower capacity network will become the bottle neck of the ocean floor. With less competition, GX would be charging more for bandwidth. TSIX, with its many Johnny-come-lately upgraded features and much greater bandwidth capacity, would be more than able to achieve a market share coup. With larger bandwidth volume, TSIX would push prices down and capture the profits GX is targeting. As we're all aware, when TSIX announced it would be pulling in its horns, the market responded by pushing up the share price of GX. Mr. Maffei is not seeking funds from pools of short term and shortsighted financial speculators. If Alcatel is looking at Lucent to extend its reach, perhaps they would do as well to extend some needed cash to TSIX and put the pacific project back on line. We can only hope that through all this Mr. Maffei emerges fully vindicated and by next quarters' end some of his detractors will owe him a tremendous apology. cul8r, Marty

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