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

To: CF Rebel who wrote (3790)	12/29/1999 6:44:00 PM
From: Ted Downs	Respond to of 15615

Bullish Article with $65 price target. Top Picks for 2000 -- Part One By David H.M. Baker Columnist 12/27/1999 2:03 PM As the 1999 investing year winds to a close, I thought it would be helpful to readers to discuss my top ten picks for 2000. For telecoms my favorites are Network Plus (NPLS: Nasdaq), Infonet (IN: NYSE), Hellenic Telecommunications OTE: NYSE ADR), Netia (NTIA: Nasdaq ADR) and Global Crossing (GBLX: Nasdaq). Emerging Global Bandwidth Leader Global Crossing, which I wrote about in September, is one of the most visible and controversial of my picks. These shares have been on a veritable roller coaster ride for 1999,however I expect this company to emerge as the global leader in high bandwidth services in 2000. Naysayers predicting a bandwidth glut have haunted Global Crossing shares and those of its leading competitors, Qwest (QWST: Nasdaq) and Level 3 (LVLT: Nasdaq). But I think the naysayers are wrong. They are the same folks that said we would never have a need for anything more than a 386 MHZ chip in our desktop computers! The fact of the matter is is that cheaper bandwidth will exponentially increase demand just as faster PC chips at lower prices have driven the PC market. These shares may remain volatile but are a "must own" for most all investors. My twelve-month target is $65, yet I believe that long-term investors could triple their money over the five-year horizon. David H.M. Baker CFA is an analyst for worldlyinvestor.com and president of Rivendell Capital Management, a private-client money management firm. His twice-weekly column covers stocks that he feels are undervalued relative to their peers. 6:27 PM ET 12/29/1999