Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Big Bucks who wrote (5777)	4/24/2000 1:06:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 15615

biz.yahoo.com

To: Big Bucks who wrote (5777)	4/24/2000 1:52:00 PM
From: DWB	Read Replies (1) \| Respond to of 15615

Yes, the company should be worth north of $60. Since it's not, management is going to split out a couple of the subsidiaries to give them more visibility. What about the latest filing is new? Didn't you know about the Global Center IPO a loooooong time ago? If you're upset with the company be 'fractionalized', shouldn't you have been railing against the IPO's for some time now? My sarcasm does serve a point. Things aren't nearly as glum as you seem to be making them. Everyone is entitled to their opinion, but worrying about an IPO that everyone has known was coming for quite some time seems a bit like closing the barn door after the horses are 3 miles down the road. DWB

To: Big Bucks who wrote (5777)	4/24/2000 1:57:00 PM
From: gruetz	Read Replies (2) \| Respond to of 15615

BB and others, I share the same concerns as everybody who has been posting as of late, am also in at much higher prices, and couldn't possibly justify selling at these levels. My only hope is that this fractionalization of the company structure is being done with a purpose in mind that will enhance shareholder value. One thing to keep in mind is that most growth oriented telecom companies that had a good run until the last month are down 40 to 60%. This includes webhosting companies such as Exodus, which until today had been holding up pretty well, who is now down 52%. Perhaps GBLX is at a 60% decline vs. only 40% for LVLT or others because of the secondary offering being jettisoned at a time when telecom is out of favor and IPO's like 360 and AT&T Wireless are sapping up any money available for telecom investment. Although LVLT is a good company with great prospects, I can't believe it can maintain a market cap $4 bln greater than that of GBLX for too long. I believe most analysts have GBLX targeted for a market cap of $10 to $20 bln more than LVLT. We just plain and simple have a market anomaly at this time. I wish it weren't the case!