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

To: JDN who wrote (3471)	12/7/1999 5:11:00 PM
From: mthomas	Respond to of 15615

Please remember that the enormous volumes of capital the big guys have is what enables us to participate as much as we do. I too had the attitude it ain't fair, now I have transformed that attitude to be satisfied I can even participate at all. True, not fair, but we play in their ballpark with their equipment, just our skill and spit. We can run circles around them just because of their size. That may be perceived as unfair by them.......Martin Thomas

To: JDN who wrote (3471)	12/7/1999 7:26:00 PM
From: quidditch	Read Replies (1) \| Respond to of 15615

JDN, on the spin-off, some observations--perhaps you should be considering that-- 1- the spinoff of shares in Global Center will raise capital for the business that GBLX is attempting to build; as capital is applied to develop GBLX's vision at an accelerated pace, the faster GBLX's business model will be put into place to test the assumptions made therein--until that time, imho, earnings reports are mere teasers as to where this company is trying to be in five years; 2- market valuations right now are at near blow-off levels in many stocks: for management to capitalize on these valuations by issuing Global Center stock to the public for cash as the valuations the institutions seem willing to apply to such a concept will add very, very cheap equity dollars at the disposal of management; 3- though you may not have cold, hard cash in your pocket from a quick flip of stock "given" you in the IPO, it will nevertheless add value to your shares of GBLX as the Street begins to revise its view of GBLX to a more "sum of the parts" analysis--last I looked, internet server/servicing businesses were not being sold cheaply; 4- let Hindery be Hindery--this is what he came to GBLX for; Winnick and he obviously believe that if GBLX unchains Global Center, it may have more earnings leverage than if it were captive; this also lets web-hosting and other server businesses feel a bit less conflicted about lighting, leasing or trading GBLX fiber; and 5- as Robert pointed out, I think aptly, in a second phase of the spin-off, you may receive your coveted shares of Global Center as a tax-free dividend, reflecting the value of that company proportional to the spun-off shares--GBLX's valuation would be proportionately reduced (until the market takes it back up to its highs). Just my opinion on your post. Steve