Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: cardcounter who started this subject	8/1/2001 6:34:22 PM
From: eeziee	Read Replies (1) of 15615

What are they saying here? "Cash" "Revenue from the sale of capacity in the form of IRU's was $567 million for the quarter, an increase of 38% from the second quarter of 2000 and flat sequentially. Included in this amount, and in Recurring Adjusted EBITDA, was $345 million received from significant carrier customers who signed contracts during the quarter to purchase $381 million of capacity on the Global Crossing Network, and to whom Global Crossing made substantial cash commitments during the quarter (see ``Network and Capital Plan'' below). ....." "NETWORK AND CAPITAL PLAN" ".... During the quarter, Global Crossing entered into several agreements with various carrier customers for the purchase or lease of capacity and co-location space. These transactions were implemented in order to acquire cost-effective local network expansions; to provide for cost-effective alternatives to new construction in certain markets in which the Company anticipates shortages of capacity; and to provide additional levels of physical diversity in the network as the Company implements its global mesh architecture. The new cash commitments totaled approximately $358 million. The Company projects that these new commitments will be more than offset by a combination of lower network volumes, network efficiencies, use of existing inventories, lower-than-planned prices from vendors, and spending at slower than budgeted rates. Capital spending for continuing operations during 2001 (including spending by Asia Global Crossing) is expected to be less than $4.5 billion, a portion of which is likely to be deferred through vendor financing arrangements. ...." ??????? TIA eezie

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