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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: changedmyname who wrote (13054)8/2/2001 3:43:14 PM
From: DWB  Read Replies (2) of 15615
 
Jason,

A couple of questions. You've lumped GX in with TSIX and LVLT in terms of companies that cut revenues, and then don't recover. Please show me how their networks are similar. Tell me how TSIX and LVLT are able to compete for MNCs due to their worldwide seamless networks and ability to undercut the competition. In my mind, they are as similar as Exxon/Mobil and Joe's Gas and Grub down the street. Yeah, they both sell gas, but that's about where the similarities end.

The threat you are perceiving is only a valid one if your hypothesis (one bad quarter is the harbinger of future bad news) is valid. I don't see it as any more than an indirect correlation. If my company has a bad quarter (not to say that GX had one, but as a hypothetical) do to a slowing economy, it doesn't follow that I have to have continuing bad quarters if the economy/situation picks up.

Another question... When NATO entered the recent framework agreement, do you think they did some dd on GX's ability to survive? How about DoD? These were very recent agreements, and speak to the ability of the company to sell themselves on an ongoing basis to groups that really care about long term viability.

My thinking is that the sell-off is very shortsighted, due to the spooked nature of the market, and a mentality that you can't take any reduction of previous guidance. I don't agree with that.

DWB
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