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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Sir Francis Drake who wrote (13158)8/4/2001 4:05:33 PM
From: DWB  Read Replies (2) of 15615
 
Just curious, but why do you state that they'll have $2 billion after tax from the ILEC sale, when their just released quarterly says over $3 billion after tax? The exact wording was:

Sale of incumbent local exchange carrier (ILEC) business to Citizens Communications completed for estimated after tax proceeds in excess of $3 billion, which completes funding of announced business plan

and later:

Results for Continuing Operations exclude Global Crossing's ILEC business, which the Company sold to Citizens Communications on June 29, 2001 for estimated after-tax proceeds in excess of $3 billion.

If the rest of your analysis is based on numbers that are off by more than $1 billion, wouldn't that be a significant oversight?

DWB
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