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Technology Stocks : GX Investors Thread

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To: DlphcOracl who wrote (138)	8/28/2001 2:09:30 AM
From: Theophile	of 586

The only reason I see TCM as having a share price in the low teens is this is possibly how the market views the value of the marine construction outfit, which TCM actually is; a marine construction outfit that began a fiber network. The TCM achievement of their stated objectives has failed, not miserably, but it has nonetheless failed. TCM management has been saddled with bad debt (from others); GX has no bad debt (from others). TCM has cut short their worldwide net; GX has achieved their world wide net. Management of GX has achieved their stated goals, has management of TCM achieved theirs? Since TCM has no debt of their own, the potential of collapse and dilution due to financial insolvency is minimal. The share price may not drop further, but as Duke pointed out previously, with IPO at $30, management could buy back their own company at current prices and make a nice profit. The investment bank underwriting the IPO would make out too. What do you think? Possible? Martin

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