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

To: J Gunn who wrote (1912)9/9/1999 9:50:00 PM
From: akmike  Read Replies (1) | Respond to of 15615
 
J-Maybe I can help you a little: GBLX contributed 57.75% of Pacific Crossing-I and 100% of EastAsia (mostly just landing rights) for 93% of Asia Global Crossing. This 93% can be diluted to 62% if the valuation of AGC reaches 7.5bil within a prescribed period. That is a serious multiple of its value today. GBLX doesn't have to contribute further cash or credit to AGC. The 7% owners put up 350mil and some capacity purchases which will help AGC arrange financing. GBLX shareholders received creditable (credit-worthy) partners and users for the Asian network,no further cash investment, and a ticket to telcom's most exciting growth. IMHO this is a hard way to go bankrupt no matter what the esteemed Ahhaha says about this company's direction.

Best regards,

Mike



To: J Gunn who wrote (1912)9/10/1999 12:36:00 AM
From: pass pass  Respond to of 15615
 
MSFT and Softbank bought a 38% interest in a company they assume will be worth 5-7.5 billion dollars for $175 million apiece. I wish I was able to make such great returns.

If what you're saying is true, there must be great risk associated with this project. But I think the reward outweighs the risk given the recovery of Japan, S. Korea, Singapore and Taiwan,and the vast number of people getting online in China.


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