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

To: Big Bucks who wrote (5563)	4/17/2000 9:51:00 PM
From: gruetz	Read Replies (3) \| Respond to of 15615

How is LVLT different?

To: Big Bucks who wrote (5563)	4/17/2000 9:52:00 PM
From: Captain Jack	Respond to of 15615

BB -- <<"News about a founder leaving probably helped unsettle investor confidence temporaril">> very true and should be temporary. Not everyone hangs around forever. New challenges and a different environment can cause some to thrive again when they just know they need the change. Makes little difference if it is a founder, CEO, or other officer-- when they leave the leaves often shake in the wind..

To: Big Bucks who wrote (5563)	4/17/2000 10:05:00 PM
From: gruetz	Read Replies (2) \| Respond to of 15615

I thought they now have adequate funding? In Grubman's research piece, he says GBLX will receive $5 bln from the sale of Global Marine and ILEC assets. This coupled with recent equity offering, and hopefully the IPO's in June and July, should be sufficient. When your telecom assets are "the best in the world" and coveted by the big telecoms, what's the downside, to the investor in GBLX, if the company ran into difficulty getting all the funding they needed: getting only $90 per share selling sooner than mgmt wanted rather than $200 a few years down the road? Both of those outcomes don't look too bad to the investor looking to pay $28 per share today.