Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Corkyc who wrote (714)	4/26/1999 10:46:00 AM
From: M. Frank Greiffenstein	Read Replies (3) of 15615

Big plans... Corky, I think this new purchase tells us something about GBLX's big plans. If they own their own cable laying company, they can only justify the cost by demonstrating savings over outsourcing the work. Therefore, they must have many new projects in mind. That's the positive interpretation. This pruchase also ensures that GBLX can control the scheduling of laying cable, rather than depending on C&W to fit them in. This could potentially raise the price of outsourcing for GBLX's competitors, because GBLX has taken a chunk out of supply. A possible negative interpretation is megalomania! GBLX management is going on a buying spree just because they can. DocStone

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