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 (11174)	5/15/2001 1:31:05 PM
From: gruetz	Read Replies (2) \| Respond to of 15615

Jason: Do you have DBAB's research report from today where they took GX's price target down from $55 to $30, as reported by Jagfn? I know you provided us with DBAB's long research report last month where they confirmed GX's 2001 guidance and took the DCF based price target down from $75 to $55. The $75 to $55 drop was derived by changing terminal year multiple from 9x to 8x and reducing out year EBITDA assumptions. I am curious as to what has changed over the last month to justify the $55 to $30 price target decline. Merrill and CSFB are the only 2 firms I am aware of that have recently reiterated targets that are above $30, Merrill @ $60 and CSFB @ $45.