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

To: jopawa who wrote (9016)	11/14/2000 3:43:26 PM
From: rhkohnen	Respond to of 15615

<<Casey also reaffirmed that Global Crossing is targeting capital spending of $4 billion in 2001, which includes Asia Global Crossing. Capital expenditures, which are estimated at $6 billion for this year, are shifting from network construction into "success-based" spending, driven by demand, he said. "We have an assumption that as the network is completed, overall capital spending will decline.">> They were projecting a loss of $2.71/sh for 2001. This reduction knocks off $2/sh in round numbers. With a little luck GX could be profitable next year, about 2 years ahead of schedule. Comments welcome.<GG> Best Regards Bob