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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: CF Rebel who wrote (320)3/10/1999 8:40:00 AM
From: Robert Scott  Read Replies (1) of 15615
 
Actually, the more this company looks like one of the new telecom services companies the MORE overvalued it looks. See my previous post re valuation compared to QWST = 3X as much based on revenues. It needs to be different to maintain this premium valuation which up until now has been and continues to be its undersea cabling between US and Europe & Asia which is in great demand. But lets not forget about that other undersea cable being laid by WCOM and others that GBLX is challenging. Stock price suggests either that the challenge will succeed (which I understand is highly unlikely) or it will fail but that it won't make a difference anyway because there is so much demand. Who knows - we'll see.
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