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

To: gizelle otero who wrote (2008)	9/20/1999 6:49:00 PM
From: TechMkt	Read Replies (2) \| Respond to of 15615

Why is this thread so quiet?? Her's some news on the Pan-European Crossing. Fez ______________________________ Telecom Italia's Sirti Wins EU45 Mln Fibre-Optic Cable Order Milan, Sept. 20 (Bloomberg) -- Sirti SpA, the cabling unit of Telecom Italia SpA, Italy's largest telephone company, said it received a 45 million euro ($46.8 million) order to lay a fiber- optic cable from the Italian-Swiss border to the south of France. Sirti said it will lay the 650 kilometer cable stretching from the Swiss border with Italy through Milan and Turin to Marseilles. The delivery date is July 1 2000. The contract ``confirms Sirti's standing as a leader in the engineering and installation of telecommunications networks and systems,' the company said in a statement. Global Crossing Ltd., a U.S. company that provides global Internet and long-distance telecommunications facilities, gave Sirti the order as part of its ``Pan European Crossing' project. Under the plan, Global Crossing aims to install about 11,000 kilometers of fiber-optic cables, passing through 25 European metropolitan areas. Sirti shares today were little changed falling 0.1 percent to 4.68 euros. Sep/20/1999 13:54

To: gizelle otero who wrote (2008)	9/21/1999 9:00:00 AM
From: AurumRabosa	Read Replies (1) \| Respond to of 15615

gizelle, Pal, I didn't say they should be debt free. I said it's foolish to get a little cash in hand and then squander it buying back stock. They should put that cash to productive use laying a cable or something. Yes Winnick is an expert at taking other people's money and making himself filthy rich with it. >"Look at the interest rate environment, Guy!" So tell us, what interest rate will GBLX have to pay the next time they borrow money? >"As far as my comments on most efficient business structure, let me ask you the following question: Would you rather drive on a toll road with a booth at either end of your 10,000 mile trip, or one with a toll booth every 100 miles, operated by 24 different companies with 1000 different rate structures for tolls? I thought so." Very insightful! Do you even know how GBLX prices their fiber sales? You certainly don't know what GBLX gets for fiber sales because that's a secret and shareholders don't deserve to know according to the officers and directors of GBLX.