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

To: pass pass who wrote (1806)	9/8/1999 1:47:00 PM
From: ahhaha	Read Replies (3) \| Respond to of 15615

With such strong conviction that GBLX will be eventually bankrupt Is that what was said, or is that what you wish to excerpt out of what was said? Nonetheless, GBLX has about a 33% chance of going bust. GBLX certainly wants to sit in the toll booth of the bridge Admitting my point? You had better take your admission under advisement. but that's not the only thing it wants. With acquisition of FRO, it also wants to bring traffic, maintain and manage the bridge. Is that what FRO brings? Traffic? How is that? What is clear is that FRO brings massive costs without an identifiable way of paying for them. GBLX has to enter into Ponzi Schemes in order to pay for that bloated cost structure. They only way is to go to the well and borrow at higher rates, but on what collateral? Yield promises? The forward yield has been fully built into the current evaluation without full regard of FOR's costs. There's no room for anything. The pipe is not a dumb pipe. By your own claim it's a dumb bridge. Quelle est la difference, bete? The real question is barrier of entrance: You have to be kidding yourself. Barriers exist where there is inability to imitate due to propriety of knowledge. Dumb bridges don't fit there. Have you forgotten so quickly that this is lo tech? After the global network has been built, how difficult is it going to be for another company to do what GBLX is doing? This is similar to NT and LVLT's arguments of the past about building land based fiber capacity. It won't be difficult at all and six different equivalent nets will be built in the Asian straits by 2010. Later pulls will be only of one fiber which will be 1/10 the lay cost of GBLX's. That's all it takes. One fiber. And please don't go there. You can't understand any of that.