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

To: Ibexx who wrote (4373)	2/18/2000 8:22:00 AM
From: mts362	Read Replies (3) \| Respond to of 15615

Consensus estimate for this quarter: -$0.14 (Yahoo) (.22) from first call (which I would trust over Yahoo). No offense to Yahoo of course.

To: Ibexx who wrote (4373)	2/18/2000 8:28:00 AM
From: Ted Downs	Respond to of 15615

Highlights since the third quarter include: Closed the acquisition of Racal Telecom, which has a 4,500 route mile U.K. network utilizing IP-centric technologies and a reach of more than 2,000 cities and towns across the UK. This network will be within 5km of almost 70% of all U.K. business customers by 2001. Completed formation of the Asia Global Crossing (AGC) partnership with Microsoft and Softbank to develop broadband systems throughout Asia. Formed Hutchison Global Crossing, a $1.2 billion joint venture with Hutchison Whampoa. This joint venture, closed January 12, 2000, provides Global Crossing with a network in Hong Kong and, when regulations permit, entry into the Greater China region. Initiated service on Pacific Crossing-1 in December 1999, three months ahead of schedule, and inaugurated Pan-European Crossing and Mid-Atlantic Crossing. Completed the North American Crossing Network (formerly the Frontier Optronics Network), consisting of 20,000 route miles in the United States. Lit three additional OC-192's on North American Crossing, bringing total OC-192 capacity on the network to 500,000 gigabit miles. Also completed the first phase of a multi-vendor IP over OC-192 field trial. This service is expected to roll out commercially on North American Crossing in the first half of 2000. Expanded the GlobalCenter footprint with new Sunnyvale and Anaheim media distribution centers, and formed GlobalCenter Japan, a partnership between Asia Global Crossing and IRI, in January 2000. Announced a plan to construct 10 new media distribution centers worldwide in 2000. Provided the world's first IP connectivity via an optical wavelength link, interfacing at OC48's/STM16's. The link will carry commercial traffic between London and New York at 2.5 gigabits per second. Expanded International Private Line (IPL) service to provide retail customers greater flexibility at reduced cost. Access to London, Amsterdam, Frankfurt, Paris and Tokyo is currently available and access will be available to 18 additional cities within the next six months. Launched a new wholesale Asynchronous Transfer Mode (ATM) product to carrier customers who can now use Global Crossing's network to support multiple applications (data, Internet, voice & video) over a single platform. Additional deployment of our Voice Over IP (VOIP) platform to a total of seven regional switching centers. Global Crossing is currently in the process of deploying 18 trunking gateways, which will cover the United States, and three soft switches with connectivity to its ATM backbone in this new `NexGen' network. Global Marine Systems' cable-laying ship, Bold Endeavour commenced service on December 31, 1999. Appointed former AT&T and TCI executive Leo Hindery as Chairman and CEO of GlobalCenter. Appointed former Dell and AT&T executive John Legere as new CEO of Asia Global Crossing. Quite a list of Accomplishments in a short time. IMHO Ted