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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Ally who wrote (13016)8/2/2001 11:54:50 AM
From: HW Bowman  Read Replies (1) of 15615
 
Ally, I missed the CC, but your post is very solid. I only question your point #3 in that whether it is an IRU sale or lease is just a tax distinction pertaining to current deductibility and the timing of realization amounts. So much of GX is the maximization of tax benefits to the detriment of the (non-tax) financial statements that govern at earnings announcement time.
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