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

To: Dexter Lives On who wrote (206)	5/16/2001 12:28:32 PM
From: James Calladine	Respond to of 449

OPINIONS, PLEASE.....! 1) will they find the $300 million? 2) from what sources? 3) will it be enough to do what they say it will? OR will this end up being another example of hubris versus insufficient cashflow = flameout = acquisition of assets by another player = $0 common share value? I have no opinion myself, just asking what point of view people have, backed by what information.......? Namaste! Jim

To: Dexter Lives On who wrote (206)	5/16/2001 4:11:32 PM
From: Marty Lee	Read Replies (1) \| Respond to of 449

More of the same, Where are all our friends? Bottom Line "Until the funding gap is closed, the company's financing status will remain the most pressing issue looming over the stock. 360networks is a victim of unfortunate timing due to the current capital-market conditions and a rapid change in customer buying habits. Customers are switching from purchases of long-term IRUs (indefeasible rights of use) to short-term leases of capacity, which means a reduction in the cash sales that fund the company's operations. In turn, the company must now face the tough capital-raising environment itself to continue serving its customer base. Over the near-term, we expect the operating environment to remain difficult as carriers continue to spend cautiously on network infrastructure. The one possible positive catalyst on the horizon would be the company's receiving additional funding and erasing its liquidity issues. Until that happens, however, we maintain our stance that investors should avoid shares of TSIX. epoch.com According to Greg Maffei, we were to have enough monies upon modifying our plans to weather current problems. Now we are $300 million short with having shut down even more than was said to be planned. Just trying to help, Marty