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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: pass pass who wrote (1306)	7/9/1999 6:26:00 AM
From: wlheatmoon	Read Replies (1) \| Respond to of 15615

I'm by no means an expert on GBLX---but here's what I know. CEO has been a player in telecom circle. Why Bermuda? heck if I know...but it is a nice place to live. Great golf and a beautiful place. I have been looking at QWST also and like their valuations better also. Again, I'm no pro in this arena and I have no positions in either. Have been thinking of positioning myself in QWST and GBLX, but QWST looks to be a better value at this time. I think whoever gets the USW and FRO deal will eventually be the bigger winner, but again I'm no expert. Try asking Ahhaha...he's very knowledgeable. mike

To: pass pass who wrote (1306)	7/9/1999 8:30:00 AM
From: Dennis O'Bell	Respond to of 15615

There's currently a substantial tax advantage to being hq'd in Bermuda. This would change if and when these mergers go through because of the requirements for paying USW dividends for example. Also, I believe a cable passes through Bermuda.

To: pass pass who wrote (1306)	7/9/1999 9:26:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

hi pass pass, "poking around" is a good way to learn about companies. Here is some insight into your questions: Basicly, the reason why the price to sales is so high is that only sales on operating networks are recorded as revenue: GBLX has over $1 Billion of sales that are deferred until completion of segments of the global network (dates ranging from 11/99 to X/01). Revenue from sales are reported differently depending on the type of contract (ex: dark fiber, IRU, fixed bandwidth, "good anywhere on the network", VPN...) If you are interested, it might be a good idea to spend a few hours on the company's totally awesome website to get a better picture and than read their SEC filings. globalcrossing.com Your second question was pretty much answered: Bermuda is a common tax haven for international telecom companies. Global Crossing's operations are headquartered in Hamilton, Bermuda, with offices in Los Angeles; New York City; Morristown, New Jersey; San Francisco; Miami; London; Amsterdam; Tokyo; and Buenos Aires. We are mostly nice people on this thread (i'm moody <G>), please stop by with any other questions or comments. Best wishes