Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: changedmyname who wrote (11790)	6/15/2001 3:23:27 PM
From: Bill Fischofer	Read Replies (3) of 15615

Re: CSFB remarks CSFB remarks were posted on RB at ragingbull.lycos.com today. The 'concerns' expressed seem less than convincing. In addition, characterizing GX as an "emerging LD [Long Distance] company" betrays a very shallow understanding of the business model. Once again, I'm reminded of EMC which for years was always referred to as a "disk drive company" until the Street finally "got it" and sent the shares up tenfold. One serious flaw in the CSFB analysis is that while focusing on the "potential" for reduced revenue and demand they make no allowance for the fact that equipment costs have collapsed over the past six months meaning that GX's capex projections are way too high at this point. Had to let them shove a few more shares into my pockets at these prices. My guess is that by the time the CZN deal closes in less than two weeks they'll be worth a fair amount more than today.

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