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: changedmyname who wrote (10677)	4/17/2001 12:23:19 PM
From: jopawa	Read Replies (2) \| Respond to of 15615

This guy is VERY low on the revs and absurdly low on ebitda for Gx, either this is a typo or he's really disputing GX's forecasts for the year. GX forecasts made on Feb 14 are revs of 7.1-7.3 bil and ebitda of over 2 bil for 2001, JP Morgan isn't even in the ballpark: Tuesday April 17, 12:00 pm Eastern Time RESEARCH ALERT-Global Crossing, 360networks start NEW YORK, April 17 (Reuters) - J.P. Morgan said on Tuesday it started coverage of fiber optics providers Global Crossing Ltd. (NYSE:GX - news) with a buy rating and a $29 price target and 360networks Inc.(Toronto:TSX.TO - news) (NasdaqNM:TSIX - news) as a market performer. Analyst David Glaymon is expecting Global Crossing for the year to report total revenue of $5.2 billion and EBITDA of $129.8 million. Glaymon is forecasting 360networks' revenues of $2.5 billion and adjusted earnings before interest, taxes depreciation and amortization of $1.9 billion for the year. J.P. Morgan's valuation implies an equity value of $7, Glaymon said in a research note. Shares of Global Crossing were up 90 cents at $10.75 in late Tuesday morning New York Stock Exchange trading, while those of 360 were up 12 cents at $3.14 in Nasdaq trading. From GX on Feb 14: globalcrossing.com