Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: PaperChase who wrote (2696)	10/15/1999 4:36:00 PM
From: AurumRabosa	Respond to of 15615

Moody's affirms Global Crossing Ltd unit (Press release provided by Moody's Investors Service) NEW YORK, Oct 15 - Moody's Investors Service today confirmed the long-term debt ratings of Global Crossing Holdings Ltd. (GCH), Frontier Corporation and Frontier Telephone of Rochester, Inc. The outlook for all these ratings has been changed to negative from stable however, this change in outlook is prompted by the pending purchase of Racal Telecom for approximately $1.65 billion in cash. While the majority of the purchase price will be funded through the issuance of debt that is non-recourse to GCH or Frontier, Moody's views this acquisition as very strategic to the company's plans, and thus Moody's incorporates the Racal Telecom assets, cash flow and debt into our ratings on GCH and Frontier. While these ratings did anticipate additional acquisitions, Moody's notes that this 100% debt financed acquisition exhausts the company's debt capacity at this ratings level. Ratings confirmed are: Global Crossing Holdings Ltd. senior secured credit facility at Ba1. Global Crossing Holdings Ltd. senior unsecured long-term debt ratings at Ba2. Global Crossing Holdings Ltd. preferred stock ratings at ''b1''. Frontier Corporation senior unsecured long-term debt ratings at Ba2. Frontier Corporation senior unsecured long-term perspective debt ratings at (P)Ba2 Frontier Telephone of Rochester, Inc. senior unsecured long-term debt ratings at Baa2. Global Crossing is a global telecommunications company that is building a fiber-optic network that will reach 24 countries and 170 cities. biz.yahoo.com

To: PaperChase who wrote (2696)	10/15/1999 4:52:00 PM
From: Robert Sheldon	Respond to of 15615

Ok, there you go again . . . Another theory for you to contemplate . . . (what is your verdict on the elasticity discussion? - I guess you agree!) Although people proclaim the value of GBLX synergy being brought to these shares as the reason for the rise, I see otherwise. and your "proof" . . . From the D&P debt rating report: "FTR has significant regulatory restrictions, operates under its own board of directors and receives no vital operating services or synergies from its parent company. Therefore, the company is viewed as a stand-alone credit." HUH?! So you are going to take at face value the report from some bumbling late-to-the-party rating agency rather than industry insiders the likes of which are found on this very thread?! Good Grief Charlie Brown! Anyway the theory I referenced above goes like this: A network's nodes increase potential connections by multiples rather than just an additive process (kinda like the difference between permutations and combinations^). It's that simple. So if you believe this basic idea and observe that the Frontier and Racal networks add many additional termination points, we will see an exponential increase in the networks “value”. By the way, the synergy between GBLX and its acquisitions was demonstrated beautifully with my shot across your bow regarding the Racal deal. COME ON BE A SPORT! GIVE ME A REPLY! ^In a two node link a combination would be counted as two permutations. In a multiple node network the permutations increase exponentially.

To: PaperChase who wrote (2696)	10/16/1999 10:58:00 AM
From: Blackmarlin	Respond to of 15615

Don't feel bad Paper... literally anything can happen in such a situation, with news breaking in short sequences. I put in a sell at 37 and missed by only 3/4 pt. Was hoping to pick the shares back up on Mon or Tues at a better premium. I was surprised at the relative strength... a good omen of potential once we get past this event. <<Ok. My opening bid of $22 this morning looked silly and I quickly cancelled to conceal my embarrassment from broker.>>