Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Theophile who wrote (12157)	6/20/2001 11:22:39 PM
From: Umunhum	Read Replies (2) of 15615

I just got done listening to the conference call EXDS gave today. I think it's a bit early to proclaim their death. They gave a pretty credible plan on how they will become cash flow positive by Q3 of '02 and probably before that. 75% of their revenues are recurring and they are slashing cap ex to the bone. They plan on completing the data centers they have in the works and not building anymore until their capacity is full. They are still winning bids at a 70% rate (mentioned seeing Quest and IBM in the market place) and believe they have the best product in the market ( they mentioned GX's pipes ). They believe they are fully funded (we've been hearing this a lot lately). And if they need cash they can easily borrow against the completed data centers that are completed, capacity constrained and cash flow positive. I have no dog in this fight except the thousands of GX shares that I own. For anybody interested the number is 1-800-633-8284 passcode #19202023 I think GX will be back in double digits when we get the 3.5 billion and announce that our network is complete. (which hopefully will occur within two weeks)

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