SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Global Crossing - GX (formerly GBLX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Clean who wrote (198)2/4/1999 1:25:00 PM
From: Frank Wechsler   of 15615
 
Although technically a stock split adds nothing in value, it does indicate that the management is optimistic about the companies future. If GBLX splits from 60 to 30, say, the management would not want it to go down much from there. It gets embarrassing if a stock goes into the teens, or worse, single digits. So we might assume that they don't think that will happen.

They might also want more float, for greater liquidity. Anyway, the market seems to like it on a down day today. :^)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News