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

To: Ally who wrote (11242)5/16/2001 11:20:38 AM
From: jopawa  Read Replies (1) | Respond to of 15615
 
precisely what i mentioned, we need the likes of TSIX to have delusions of grandeur until the end and attempting to go it alone for at least another year, incidentally AGCX is the HUGE beneficiary of the tsix news



To: Ally who wrote (11242)5/16/2001 2:40:21 PM
From: Bill Fischofer  Read Replies (1) | Respond to of 15615
 
There will be no White Knights for the also-rans. Nobody wants to take on debt or otherwise bail out bondholders or shareholders in these issues. For guidance look to what happened to Iridium--shareholders left with nothing, bondholders settling for pennies on the dollar and clean debt-free assets going to the liquidation buyers. GX may buy selected assets at firesale prices but they won't be buying debt.


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