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

To: jopawa who wrote (8813)	11/3/2000 2:29:55 PM
From: rhkohnen	Read Replies (1) \| Respond to of 15615

<<Investors have been unnerved by a decline in the company's revenues and widening losses. While the company blames the fall in revenues on a change in the way sales are booked, the sharp decline in capacity prices across the Atlantic haven't helped confidence levels. The company has also seen a disquieting amount of turnover among senior management. The company has had three CEOs in the last year. >> Did I miss something here - "decline in the company's revenues"? I thought revenues increased beyond expected growth.

To: jopawa who wrote (8813)	11/4/2000 9:33:21 PM
From: Rupert	Read Replies (2) \| Respond to of 15615

From the WSJ article: "Analysts have expressed hope that Asia Global Crossing will in time reduce its dependence on the undersea cable business by expanding into higher-margin businesses such as data centers and Web hosting. Yet according to Mr. Legere, undersea cables will continue to provide nearly all the company's revenue in the future." Not sure why dependence on the undersea cable business is not seen as good by the analysts. Isn't undersea cable the whole point of the business? "The company currently has minority stakes in land-based networks in Hong Kong (with Hutchison Whampoa) and Japan that provide the so-called last mile linking to individual customers and provide services such as Web hosting and data storage..."The Web-hosting operations will be valuable traffic-gathering centers for us," he predicts." Isn't that what GBLX said when they acquired GlobalCenter...syngeries with their business, etc...before selling it off to EXDS?