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


To: Ally who wrote (10069)2/28/2001 9:27:43 AM
From: Ally  Read Replies (2) | Respond to of 15615
 
CNET:

Global Crossing(GX) 2 - Buy Critical Change of Growth Drivers Ahead Price: $16.28 52 Wk Ra: $61 - 11 Mkt Cap: $17.4B FY: 12/31

GXs Investor meeting on March 1st should highlight progress in value added data svcs, key to the 01 growth outlook. However, given the magnitude of mix shift needed and weak backdrop, we remain guarded on 01 expectations.

Large recent Data Service contract wins should add $140M-$180M/rev/yr, +13-15% of the run rate of non-IRU data svcs. GX has advanced beyond selling just capacity, clearly a positive.

investor.cnet.com