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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.47

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Nov 28 4:00 PM EST

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To: Johnny Canuck who wrote (34639)	10/4/2001 11:38:38 AM
From: Johnny Canuck	Read Replies (1) of 68399

"We believe that the market for both broadband services and commercial services is much worse than we originally anticipated," Deutsche Banc analyst Rohit Chopra told clients. "We expect all broadband carriers to experience fallout from this event as their business models are susceptible to the same issues." . . . For now, the company believes it has enough cash to ride out the current economic malaise. At the end of the third quarter, Global Crossing said it had $2.4 billion in cash, excluding potential asset sales. Its long-term debt, however, stood at more than $6 billion at the end of the second quarter. marketwatch.com

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