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

To: M. Frank Greiffenstein who wrote (2909)10/27/1999 2:42:00 PM
From: Retired Eagle One  Read Replies (2) | Respond to of 15615
 
3q financial reports have alot of smoking mirrors. i just down loaded GBLX 3qtr's results from yahoo. there are alot of questionable or unexplainable - huge - expenses that simply do not make sense - to anyone with an accounting degree...

3q's reported expenses shake me up: "stock related expenses" of $12 million for 3q and $38 million for the year; "goodwill amorization" $68 million for 3Q and $206 million of the year; $66 million "merger expense" for 3q with $74 million of the year......these total $154 million for 3quarter.

The only revenue that seemed to keep us out of a big loss was the $210 million for termination of US West.

Can anyone explain these expenses?



To: M. Frank Greiffenstein who wrote (2909)10/27/1999 11:32:00 PM
From: Bill Lotozo  Read Replies (1) | Respond to of 15615
 
They are pro-forma. They take the statements from last year of all companies merged & combine them as if the merger were in effect last year as well. They also back out any "intercompany" transactions.


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