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

To: TechMkt who wrote (2499)	10/10/1999 12:24:00 PM
From: nohalo	Read Replies (1) \| Respond to of 15615

""Wall Street analysts expect Global Crossing to have 2000 revenues of four billion dollars and an EBITDA, earnings before interest tax and depreciation, of one billion. ``We are already cash positive on an EBITDA level. We are geared for growth and we pay less attention to earnings per share or dividend. We want to re-invest our cash,' Porter said."" This is excellent news, and a great strategy. GBLX is totally focused on growth in the future economy. This makes it a tremendous takeover candidate, and I don't think the rumors will abate soon. If it pulls back, it will be a gift to those of us who wish to buy more. Regards, DA.

To: TechMkt who wrote (2499)	10/10/1999 2:12:00 PM
From: M. Charles Swope	Respond to of 15615

From Reuters - Global Crossing Ltd (GBLX.O .... said on Sunday it would soon announce further acquisitions ... "You can expect an announcement soon," senior vice-president Barry Porter told Reuters. ... "We want to re-invest our cash," Porter said. Sounds great, but isn't this a little inconsistent with the $500 million stock buy-back they announced before the FRO deal? Or, is this just another example of a stock buy-back being announced for whatever reason but never actually being implemented? Frankly, I hope so. I think GBLX has better things to do with its cash than buy its own stock. Charlie