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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (10624)	8/10/1999 10:18:00 AM
From: Rande Is	Respond to of 57584

Talk about your falling daggers. . . GBLX may see the other side of 25 today. Here is some news from early this AM: Global Crossing Launches US$100 Million Customer Finance Program With Newcourt Capital - First-of-Its-Kind Financing Program for Internet Service Providers, Data Companies, and Telecom Providers - Provides Full Financing Solutions for Broadband Capacity Purchases On the Global Crossing Network - Permits Customers to Accelerate Business Plans and Quickly Achieve Full Global Connectivity With a 'One-Stop' Financial Solution HAMILTON, Bermuda, and TORONTO, Aug. 10 /PRNewswire/ -- Global Crossing Ltd. (Nasdaq: GBLX), which is building and operating the world's most advanced global IP-based fiber optic network, today announced the launch of a US$100 million customer finance program for broadband capacity purchases on Global Crossing's worldwide network. The program is a partnership between Global Crossing USA Inc., a subsidiary of Global Crossing Ltd., and Newcourt Capital, the corporate finance subsidiary of Newcourt Credit Group (NYSE: NCT; Toronto). The program will provide financing to select customers including Internet service providers, data companies, and telecom providers. Financing under the program will cover up to 100% of the cost of capacity purchases on the Global Crossing Network. The initial program commitment is US$100 million and average transactions are expected to be in the US$5 to US$10 million range, fully amortizing over a term of three years. etc.

To: Rande Is who wrote (10624)	8/10/1999 7:45:00 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Rande Is: I also noticed the 10% drop in GBLX as well as several other stocks on my watch list. Even though the market may still go down 5-10% more between now and the end of the month, several stocks were compelling buys. I initiated 50% long-term positions in: GBLX, GMST (Gemstar Int'l), NOK, and MFNX. I may not have bought these stocks at the precise bottom, but this is close enough for me. Their fundamental stories remain intact, unchanged from two months ago when they were trading 50-60% higher (GBLX,MFNX). Still not willing to dip my toe in the internet waters, however.