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: Ally who wrote (10064)	2/28/2001 8:49:27 AM
From: TechMkt	Respond to of 15615

February 28, 2001 360networks Shares Drop 15% On Lowered Earnings Estimates VANCOUVER, British Columbia -- Shares of 360networks Inc. sank 15% after Credit Suisse First Boston Corp. slashed its fourth-quarter revenue and earnings expectations for the company. After Credit Suisse cut its forecasts for 360networks' fourth quarter Tuesday, a spokeswoman for the communications carrier said Credit Suisse's original estimates were based on figures, released at a Nov. 30 analysts' meeting, that had a "clerical error" on a slide. The slide, part of a presentation, indicated much higher fourth-quarter revenue and earnings expectations, the spokeswoman said. 360networks is scheduled to release its fourth-quarter results Wednesday.

To: Ally who wrote (10064)	2/28/2001 8:59:32 AM
From: Ally	Read Replies (1) \| Respond to of 15615

Global Crossing to Host Analyst Conference Hamilton, Bermuda - February 27, 2001 - Global Crossing Ltd. (NYSE: GX) announced today that it will host an analyst and investor conference on Thursday, March 1, 2001, from 8:00 a.m. until 1:30 p.m. Eastern time. The Global Crossing management team will discuss the company's growth strategy as it nears completion of its unique global network and answer questions from the investment community. Interested investors and media are invited to participate via a live web cast at globalcrossing.com. A rebroadcast will be available immediately following the conference. About Global Crossing Global Crossing Ltd. provides integrated telecommunications solutions over the world's most extensive global IP-based fiber-optic network, which will have more than 100,000 route miles, reaching five continents, 27 countries and more than 200 major cities by mid-2001. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas, Europe, and the Asia/Pacific region, and provides services in Asia through its subsidiary, Asia Global Crossing. Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises. Please visit globalcrossing.com or asiaglobalcrossing.com for more information. #

To: Ally who wrote (10064)	2/28/2001 10:05:50 PM
From: terridex	Respond to of 15615

This is a snip from SSB. The composition of the results at first blush, we think, might raise some eyebrows given how strong capacity sales were in the quarter. Of course, capacity sales are recurring revenue, unlike dark fiber, so we are not sure why anyone would care, especially given the margins and returns. Capacity sales accounted for 38% of total revenues in the quarter, up from 31% in the third quarter. This led to carrier revenues accounting for 62% of total revenues, up from 57% in the third quarter. However, it is natural that the fourth quarter would have been heavily skewed towards capacity sales for two reasons. First, as we've heard across the board in telecom, and as has been true for decades, the fourth quarter is a seasonally weak quarter in the commercial business. In the fourth quarter, there are 8% fewer business days and in general, commercial buyers of telecom are not procuring new services at year end. Also, If the revenue growth rate is just half of what it was last year, what with the network completing and some new products, it will be over 8B for the year. T