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: SecularBull who wrote (10074)	2/28/2001 2:49:03 PM
From: TechMkt	Respond to of 15615

Here is a portion of CFO Dan Cohrs' interview. Note that EXDS carries 7% of all internet traffic! Since GX carries 50% of EXDS traffic outside Asia and 66% in Asia, GX carries about 4% of internet traffic from this one customer alone. That's pretty incredible. I wonder how much of TOTAL internet traffic GX carries. Fez _________________________ Dan Cohrs - Well, first we sold GlobalCenter to EXODUS, and we now we own almost 20% of EXODUS as a result of that transaction. We also have a seat on EXODUS' board. We negotiated a contract that requires that company to buy at least 50% of its bandwidth requirements from GLOBAL CROSSING outside Asia. Within Asia, EXODUS is required to buy at least 60% of its bandwidth requirements from ASIA GLOBAL CROSSING (AGCX) [a partnership among GLOBAL CROSSING, SOFTBANK (9984), and MICROSOFT (MSFT)] with a stated goal of two-thirds. So around the world, significantly more than half of EXODUS' bandwidth needs will be purchased from GLOBAL CROSSING or ASIA GLOBAL CROSSING. It's important to note that EXODUS today already accounts for 7% of the traffic on the entire Internet. This is a 10-year contract, and we have said that over 10 years we project that there should be at least $4 billion to $5 billion of revenue from that agreement.