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

To: MileHigh who wrote (4402)	2/18/2000 2:49:00 PM
From: JDN	Respond to of 15615

Dear Mile High: No, wont happen. If they REALLY wanted to put the stops on the market they would change margin requirements or at least tighten money. Greenspan FINALLY let the cat out of the bag in the Humphrey Hawkins testimony the other day. The WORSE they will do is itty bitty 1/4% interest rate hikes his words not mine!! I do agree with you though, they ought to be dropping rates not raising them. He also was pushing AGAIN for a cut in Capital Gains taxes. If Republicans get elected you can bet they wont forget that. JDN

To: MileHigh who wrote (4402)	2/18/2000 2:55:00 PM
From: JDN	Respond to of 15615

Dear Mile High: Naz has corrected, you just missed it. (gg) Its a rolling correction through many stocks. Look at GBLX presently down about 20% from its high, whats that if not a correction? Unlike the DOW the NAZ is made up of MANY stocks in principally many different phases of TECH. One goes up, another goes down, NAZ stays steady cause in general technology is moving forward and its not going to stop any time soon. Thats the way I see it. JDN

To: MileHigh who wrote (4402)	2/18/2000 2:56:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 15615

I just do not understand why AG still is jawboning about inflation! WHERE IS IT! Bought a house lately? Filled up your gas tank lately, or are you one of those electrical car owners? <g> DocStone

To: MileHigh who wrote (4402)	2/18/2000 5:09:00 PM
From: quidditch	Respond to of 15615

GBLX cools on wireless; Nextwave may be history: Friday February 18, 3:17 pm Eastern Time Global Crossing does not see wireless as priority NEW YORK, Feb 18 (Reuters) - Global Crossing Ltd. (NasdaqNM:GBLX - news), the No. 5 U.S. long-distance telephone company, said on Friday it does not view selling wireless telephone service as a priority, but it may work with companies that provide next-generation wireless services. ``We're trying to decide our whole attitude toward spectrum auctions. Right now, wireless is not a top priority for us -- we have so many other things we're trying to do,' Global Crossing Chief Financial Officer Dan Cohrs said in a telephone interview following the company's fourth quarter loss report. Global Crossing probably won't bid in upcoming auctions for next-generation wireless licenses. Instead, the company may want to provide network capacity and transmission services to companies that have their own so-called third generation licenses. Global Crossing and other companies in December had offered to provide $1.6 billion in financing for bankrupt wireless telephone company NextWave Telecom Inc. Under that proposed deal, Global Crossing would have been NextWave's preferred provider of local, long-distance and international network capacity and Web hosting services. But NextWave's rights to those licenses remains mired in legal wranglings. A U.S. Appeals court last week ruled against NextWave, thwarting the company's effort to keep dozens of valuable wireless telephone licenses. ``I think the kind of deal we tried to do with NextWave is very interesting because we think third generation wireless will be a very important phenomenon and a big generator of demand for bandwidth,' Cohrs said. Earlier, Hamilton, Bermuda-based Global Crossing said its pro forma, fourth-quarter loss, adjusted for recent acquisitions, was $184 million, or 24 cents a share, compared with $54 million, or 7 cents a share, a year ago. Pro forma revenues rose about 6 percent to $1.113 billion from $1.052 billion. The fourth quarter revenue growth fell short of some analysts' expectations and below the nearly 14 percent revenue growth for the year. Shares of Global Crossing fell 8-13/16 to 52-1/4 in heavy Copyright ¸ 2000 Yahoo! All Rights Reserved. Privacy Policy - Terms of Service Copyright 2000 Reuters Limited. All rights reserved.