Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RobertSheldon who wrote (9908)	2/15/2001 4:41:54 PM
From: jopawa	Read Replies (1) \| Respond to of 15615

guzman and co comments on gx: biz.yahoo.com edit: almost sorry i posted this link, as i listen to the "analyst" i realized this is the same guy on the cc that sounded so amateurish, he may know his stuff, but his delivery is pathetic.

To: RobertSheldon who wrote (9908)	2/15/2001 4:46:01 PM
From: charger	Respond to of 15615

That's a big "if" and a lot of time and precisely why the stock can't get off its arse IMO.

To: RobertSheldon who wrote (9908)	2/15/2001 5:43:42 PM
From: DWB	Read Replies (1) \| Respond to of 15615

Something that caught my eye... please check my math... From the Asia Global Crossing Quarterly... Consolidated capital expenditure on a cash basis for 2001 is expected to be $850 to $925 million, including East Asia Crossing construction costs of $600 to $625 million and Pacific Crossing upgrade costs of $100 to $125 million. The amount of capital expenditure on East Asia Crossing reflects an acceleration of the company's previous build-out plan. The remaining $150 to $175 million of capital expenditures are primarily costs for development and construction of terrestrial networks, IP-services rollout, and network operating centers. and from GX's release... The Company also reaffirmed its previously announced plans to make capital expenditures of approximately $10 billion in the aggregate for 2000-2001. Capital spending for continuing operations during 2001 (including spending by its Asia Global Crossing subsidiary) is expected to be approximately $4.9 to $5.1 billion, an amount that includes approximately $1 billion of previously announced capital spending from the 2000 capital program for which payments will be made in 2001. So I see the following... GX spends $5.1 billion in 2001 on capital expenditures $1 billion of that is really 2000 dollars that didn't get paid.... another $925 million belongs to AGCX... which leaves ~$3.2 billion as the actual GX expenditure value in 2001... Since they stated that 2000-2001 will see a total of $10 billion spent... $10 billion = $6.8 billion + $3.2 billion... means their capital expenditures are drying up quickly, and they'll be seeing a TON of additional free cash in the very near future...if they just stick with the 2001 rate on a recurring basis (which seems high to me....) If 2002 saw just $1-$2 billion in additional capital costs, that would still be a $4 to $5 billion dollar difference from the spending rate as of FY 2000... DWB