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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Teddy who wrote (501)3/20/1999 8:10:00 AM
From: Robert Scott  Read Replies (2) of 15615
 
2 year price seems doable to me but = 50B+ cap company - WOW - that is pretty high for a new company in this space where there is significant competition. At some point GBLX will have to build a base to justify its market cap - that is, some period of time when the stock price goes essentially nowhere while the company builds relationships, revenues, partnerships, etc. I believe it's at the level now where it needs to prove it can build a business before it moves up appreciably. Of course, need I say it = been wrong many times before. Chow
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