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


To: Teddy who wrote (5954)5/1/2000 6:26:00 PM
From: Mr. Palau  Read Replies (1) | Respond to of 15615
 
What did GBLX pay for FRO?



To: Teddy who wrote (5954)5/1/2000 6:28:00 PM
From: RobertSheldon  Respond to of 15615
 
I think your estimate is ball park. Cable homes passed (the only metric I am familar with from a comparison basis due to investments in ARCC and CSGS) are around $5,000. So your estimate of $3,600 per "actual" access line seems realistic.

Thanks for your input . . . where did you get the $3,600 number?



To: Teddy who wrote (5954)5/2/2000 1:46:00 PM
From: RobertSheldon  Read Replies (1) | Respond to of 15615
 
*my guess is 1,080,000 access lines @$3,600 each is about $3.89 Billion.*

I had to chuckle when I saw this morning that Lehman Brothers estimate the assets will be sold for $3.4B - $4.0B. I laughed even harder when I was reminded that their recent report on GBLX gave the value per line at $3,600. Perhaps I should read reports entirely when they are released rather than just the areas I am interested in.