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Technology Stocks : GX Investors Thread

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To: Bonzo who wrote (535)	2/13/2002 9:25:15 PM
From: Maurice Winn	Read Replies (2) of 586

Bonzo I can't comment on those things you mentioned because I don't know anything about them. Since creditors are getting only 4c in the dollar right now, that doesn't leave a lot of room for shareholders to get much, even if there is some case for them to get anything at all. If Global Crossing is anything like Globalstar, which I know a lot more about, it will have been an appalling chain of bad management and marketing leading to a dead end when it need not have been the case at all. I suspect it could have been a great business but they tried to gold plate each megabyte and sell it at a premium. When there are petabytes to sell and cyberspace to fill, there's no point in trying to hang onto 1990 fibre data transfer prices. Stack it high and sell it cheaply. Mqurice

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