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

To: TechMkt who wrote (4432)	2/22/2000 6:07:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

hi Fez, the capX (buildout spending) for 2000 mentioned in the Q4 CC (with a very wide range) are not much more than what they projected in the Q3 CC (and plans excellerated). As you pointed out, GC offering (and East Asia offering and cost sharing), $1+ Billion in cash, cash flow and vendor financing put this well with in the company's means. (please see last Q&A on CC for details) The other day i posted a SSB report that said they were happy with GBLX report and plans (and even made the bold statement that anyone that didn't agree misunderstood some very basic facts) and issued a re-it Strong Buy. Today, Merrill, Goldman (the other 2 of the big 3) said they are happy with the results of last quarter and future: cnetinvestor.com (this was a nice table) Date Broker Report 2/22/00 Merrill Global Crossing Raised to Near-Term 'Buy' at Merrill 2/22/00 Goldman Sachs reiterates recommended list buy 4Q results were strong reletive to our expectations 2/22/00 Merrill Lynch Upgrade from 2-1 to 1-1 based on price tgt.$70 (end of nice table<G>) biz.yahoo.com Now, the stock was up pretty good before whatever it was that they announced they bought.... i'll try to figure out what that was all about, but it seems that Mr. Market knocked GBLX down $6Billion for a $4Billion purchase. Anyway, i'm going to ask if i can invite Gary W and Bob A over for dinner. i'm pretty sure they are doing the right thing (since they own more stock than everyone else and have done well for shareholders in their past lives), but i think they need to explain the picture a little better. (Oh, i have been saying that for 10 months.) Under no circumstances do you halt trading mid-day for a $4B deal !!!!!!!! Get it done the night before or the next day !!!!!!!! And if you buy some company that no one ever heard of, i don't care it the press release is 100 pages, explain what you bought and why. Well, i feel better now<VBG>