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

To: gruetz who wrote (5574)	4/17/2000 10:09:00 PM
From: SecularBull	Respond to of 15615

What's not to like?! <VRG> LoF

To: gruetz who wrote (5574)	4/17/2000 10:20:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 15615

I agree, GBLX is a screaming deal at this price for longer term investors. It is such a great deal that I'm expecting a suitor to make a proposal very soon. Management will be hard pressed to keep shareholders from revolting and selling out on any quick profit potential on a serious offer. Could be that suitors are waiting for more of the total package to be completed, but that would just make it a more expensive commodity within 3-6 months. This company is being assessed on its future profit potential and its available resources, wouldn't surprise me if management doesn't realize this and will sell off assets and keep long term discount contractual usage commitments once the various pieces are completed. I suspect that they will keep Global Centers though as the "rents" from continued services will generate income revenues for years to come. Seems that this is the way Winnik operates, if you read the prospectus concerning his "lease back" of assets to GBLX. Great income and tax benefits this way too! Just my opinion, BB