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

To: jopawa who wrote (8816)	11/3/2000 4:14:16 PM
From: DukeCrow	Respond to of 15615

Global Crossing Ltd. (GBLX) Chief Financial Officer Dan Cohrs said Friday the company's capital expenditures for next year will total roughly $4 billion. The capital expenditures, which include spending for Asia Global Crossing (AGCX), compare with an estimated $6 billion for this year, Cohrs told Dow Jones Newswires following a company presentation at a Bear Stearns communications conference. Revenues will increase while cap ex decreases. What a wonderful combination. Ali

To: jopawa who wrote (8816)	11/3/2000 4:28:33 PM
From: DukeCrow	Respond to of 15615

A number of companies have "come upon hard times" and may be willing to sell or swap such assets, he said. .... He added following the presentation that it would be 'very unlikely" for Global Crossing to acquire all of the assets of a distressed competitive local exchange carrier, or CLEC, with the company preferring instead to acquire only what it needs. This telecom bear market is a great thing in the long run even though it is hurting GX share price in the near term. The fact that they are now fully funded and that CLECs are going to be declaring bankruptcy left and right is very beneficial to GX. It looks like Casey and GX are acting like vultures hovering over the CLEC carcasses and will be swooping down to snap up the precise assets they want when the time is right. Ali