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

To: SecularBull who wrote (4055)	1/18/2000 4:31:00 PM
From: Robert Sheldon	Read Replies (1) \| Respond to of 15615

huh? Dollar-for-dollar, the ICIX stake in DIGX is worth ~$4.8B alone. You are assuming that the market is accurately valuing DIGX, which by the way is more expensive than EXDS by most measures. Seriously, I really do not understand why folks insist on the whole "dollar for dollar" thing. It is not a logical assumption. Take a look at SoftBank . . . I purchased it earlier in 1999 at ~$270 (and several times since) when it was at a 30% discount to a sum of the parts analysis. Now it trades at a ~15% premium in the $925 range. What is the reality? What changed? Nothing. My advice to you would be to make sure you can validate the "dollar for dollar" thing so that when we get back to reality and ICIX becomes negatively volitile you can rest assured that you own it for the right reasons.