Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Alphapenguin who wrote (12689)	7/18/2001 7:20:34 PM
From: TechMkt	Read Replies (1) of 15615

From jsavage on the Yahoo! board. Lousy day again for GX. Unbeleieveable. Their earnings results had better be better than TCM's. Fez _____________________________________ here's what I got out of TCMs Conference Call, nothing earth shattering. I may have missed some stuff, anyway, here it is. investor.tycomltd.com -TCM 35 mil in capacity sales this Q (they just finished cable this Q, so I think that's why their sales may seem a little low) Projected to have a total of 250 mil for the year, that amount will come from only 10 different customers -735 million in cash on hand, 632 mil in debt to parent, no external debt -2 billion in backlog and expect to add Secan and Flag to backlog once financing is approved. -3rd party system sales at 530 million for the Q -Only company currently building a cable in the pacific today (guess that's cause GX is finished <G>) -smaller capacity buyers looking at lease but large capacity buyers interested in IRU (sales this past Q were 3 IRUs and 1 lease) -Predicts rate of errosion in Atlantic to stabilize to 25-35%... rate of errosion less in pacific -Guidance for 02 - projected 3.5 billion in revs, 2.5 billion from building, 1 bil from capacity sales -Tax rate reduced because of their large number of non-US-based assets -asked about the Flag stock purchase and if TCM and Flag plan to team up some more... answer was no, but mentioned that they hoped to capitalize on connection between Flag and Verizon... ie TCM wants to add VZ to its customer list -almost all of the increase in guidance is from tax savings ($0.08), I think (0.01 to 0.02 is from other areas) -Pacific Cable should be running no later than 5/2002 -capex decrease of 1.2 bil, large part due to price breaks on equipment (20-50% breaks)... didn't say exactly how much of decrease was due to price breaks though

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