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

To: Joe Wagner who wrote (4504)	2/24/2000 2:26:00 PM
From: Bill Fischofer	Read Replies (4) \| Respond to of 15615

The real "killer app" is video Movies are interesting but frankly the real "killer app" that will soak up incredible amounts of bandwidth over the next five years is desktop videoconferencing. Videoconferencing version 1.0 was akin to having a payphone in the lobby of business--horribly inconvenient plus very low-resolution. Videoconferencing version 2.0, which is what real broadband will enable, is broadcast-quality on-demand from any desktop. This will completely revolutionize business interactions and quickly become indispensable. Couple this with software capable of performing realtime language translation (Still think a Pentium III is overkill? Guess again.) and the implications for international business are mindblowing. Main casualty: airlines who've grown fat on business travel margins. Main beneficiary: Businesspeople saving countless grueling hours today on routine business travel. Implications for GBLX? Transoceanic link capacity will be booked before they're even built. As George Gilder has observed, far from suffering from a "bandwidth glut", transoceanic capacity will become an "agonizing chokepoint" for the Internet over the next five years. Why else would TYC see huge opportunity even though they won't begin service on their cables until 2003? In such an environment, GBLX will be coining money even as they are frantically trying to complete AC-7 ahead of schedule.