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Technology Stocks : GX Investors Thread

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To: DWB who wrote (490)	2/7/2002 3:49:50 AM
From: Maurice Winn	Read Replies (1) of 586

Well DWB, it seems my earlier GX criticism must have had a ring of truth. It was about $4 then and now DOA. Being a kindly soul, I decided to rescue some creditors today who were trying to unload a bunch of debt [at only 4.25c in the $]. Now I have to find out what the heck Global Crossing really does, what they own, what Hutchison and the Singapore government company will do, [I can't remember its name], how many customers Global Crossing has, how much they pay and how much more they'd buy if fibre was priced in Wacky Wireless terms. So, was it a good move to buy the debt or not? Any suggestions gratefully accepted. I haven't read any of the SI discussions since way back then, so I'm in the due diligence state technically called "pig ignorant". I'll have a bit of a scan and see if the assets are going to be worth $10 billion in 5 years. I hope so! Happy 2002 to all the Global Crossing customers, creditors, shareholders and employees in the new company which will appear after bankruptcy. Cyberspace is NOT going away but will continue to boom like crazy when megabytes moved and processing devices available to subscribers cost something closer to the hourly rate of 3 billion people. The Y2K crash and the grinding first year of the new millennium are mere glitches on the cyberspace growth path to ubiquity. 4c on the debt beats $4 on the shares! Tonka Truck full! Mqurice

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