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


To: J Gunn who wrote (4238)2/11/2000 10:25:00 AM
From: mts362  Respond to of 15615
 
I know they file 10-Qs along w/ everyone else.



To: J Gunn who wrote (4238)2/11/2000 10:40:00 AM
From: quidditch  Respond to of 15615
 
It is my understanding that GBLX complies with ALL requirements of the SEC that are imposed on U.S. companies

J Gunn, I stand absolutely corrected. Although Bermuda is GBLX's domicile (and primarily for tax purposes, at least initially, before the FRO acquisition), per its stockholder base (probably >50% US holders) and any one of i) majority of officers and directors are US citizens, ii) more than 50% of assets in US or iii) business administered in the US, GBLX will be treated as a US issuer and is subject to 45-day 10-Q reporting dates. Foolish me. Thanks

Steve



To: J Gunn who wrote (4238)2/11/2000 7:37:00 PM
From: Teddy  Read Replies (2) | Respond to of 15615
 
hi Dan, Steve, Robert and others:

Lots of good comments from you all and i hope to address them in more detail of the week end. For now:

For now:
It is true that Global Crossing Ltd. files with the SEC the same as United States companies do and all their reports conform to United States Generally Accepted Accounting Principals (GAP) just like all regular United States Companies.

There are tax breaks for being in Bermuda that still apply to international traffic.

I don't know how to account for Sales on networks that came on line compared to the "world wide network offer." (aka: revenue this quarter vs. back log)

The whole thing about proforma Global Marine, Frontier, Racal.... makes it way hard to compare anything. (i will comment on that later)

net/net
I have to say that, like CMGI, looking at one quarter of GBLX results is not a good way to judge the whole company.

Anyway, see the PR today about the new VP of Investor Relations?
Is there anyone that thinks that Jenny Chowderface should not be fired?