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


To: gruetz who wrote (9019)11/14/2000 6:20:25 PM
From: jopawa  Read Replies (1) | Respond to of 15615
 
Listen to the interview, struck me what has always struck me, that assets OTHER than the network, i.e. STOR stock, EXDS deal, ilec sale etc amount to $10 bil or so and the mkt value of GX is 16 Bil, so gx is valued by the mkt at $6 bil or so.

Tuesday November 14, 3:28 pm Eastern Time
Press Release
RadioWallStreet.com Talks Earnings With Global Crossing CFO
PHILADELPHIA--(BUSINESS WIRE)--Nov. 14, 2000--Today on RadioWallStreet.com, Global Crossing (NYSE:GX - news) CFO, Dan Cohrs, discusses the company's recent earnings announcement.

Last night, the company reported a net loss of 65 cents per share as opposed to analyst expectations of 79 cents. You can listen to this interview at radiowallstreet.com .

To access this RadioWallStreet.com program go to www.radiowallstreet.com. First time listeners may need to download free audio software beforehand linked via the RadioWallStreet.com site. All RadioWallStreet.com interviews and programs are available on-demand and free of charge.

RadioWallStreet.com is the leading multimedia Internet provider of investment news, information and analysis and is a service of Investor Broadcast Network.

About Investor Broadcast Network

Investor Broadcast Network is the leading broadcaster of real-time investment information and analysis on the Internet. With a complete portfolio of web-based broadcast communication services, the company gives investors access to the inner circle of corporate executives and industry experts.

For more information on Investor Broadcast Network visit www.investorbroadcast.com



To: gruetz who wrote (9019)11/14/2000 7:51:07 PM
From: rhkohnen  Read Replies (1) | Respond to of 15615
 
Like or not there is controversy over dropping bandwidth prices and expanding bandwidth usage. The performance of the Internet Sector, which is a big user of bandwidth, gives credance to the other sides argument, for the near term.

The way I see it is if I am an institution do I put my money here where there is uncertainty or do I put my money in bonds where I am sure that Greenspan is going to lower interest rates. I feel that we will have to wait till Spring before GX is discovered and the issue become less uncertain. If it happens sooner, great, but right now I am preparing for a long wait with the possibility of revisiting lower levels. I felt today should have been a 3-5 point day with this report and market. But as Sir Francis Drake said, breaking 20 hurt GX and has put uncertainty in the minds of investors. Hopefully we go back over 20 and investors start to regain confidence.

Best Regards
Bob