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Technology Stocks : 360Networks - TSX - TSIX -- Ignore unavailable to you. Want to Upgrade?

To: James Calladine who wrote (181)	5/12/2001 5:20:36 PM
From: Marty Lee	Read Replies (1) \| Respond to of 449

Hello James, Supposedly, what is REALLY going on should be answered on May 15. The list of suspicions you've garnered from reading concerning TSIX's situation have been refuted. There is no minimal justification for them. Unless the company and its pundits are liars and robber barons, 360 Networks and Global Crossing should become the two major players among the "huge competition" you have allude to. Sincerely, Marty

To: James Calladine who wrote (181)	5/27/2001 12:31:11 PM
From: rajaggs	Read Replies (1) \| Respond to of 449

Jim, There is substance to many of the items on your list, which is petty good for someone who claims to "not know much about the situation." They had a business plan that was based on business conditions in their sector, that do not exist any longer. As of their AGM in Vancouver recently, TSIX/TSX have pulled in their horns, recognising that without their previously anticipated revenues and in a tougher capital market, they will not have the money to complete their global network within their orignail timeframe. All of that despite having completed their 360atlantic section below budget and 50% presold. 360americas (South America) is going well and will be operational within this year. They are looking for $300 million to complete their reduced capital expenditure plan and a market improvement to bring internal revenues (or an easing capital market) for the capital to complete their original plan. The stock seems to have turned the corner for the near term and is gathering a bit of steam right now. Takeovers and mergers are being discussed daily, with some tongue in cheek stuff, but I think TSX would rather go it alone through this tough time and emerge as their own man and stronger for it, sometime after 2002. As someone has noted elsewhere, we should not concern ourselves about the short term fluctuations but maintain a longer perspective on this company. 'jaggs