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

To: Theophile who wrote (11249)	5/16/2001 2:54:49 PM
From: TechMkt	Read Replies (1) \| Respond to of 15615

Also, here is a description of 360Asia, which is being shelved. East Asia Crossing (EAC) will be the only game in town. C2C must be very nervous right about now. Fez _________________ Through a strategic relationship with C2C -a subsidiary of Singapore Telecommunications -360networks is jointly developing 360asia, a fully redundant undersea network linking Japan, South Korea, Taiwan, the Philippines, Hong Kong, Singapore and China. 360asia will have ultimate system capacity of 1.92 terabits per second and is scheduled to be ready for service by the end of 2001. 360networks will also have capacity on fiber optic networks from 360asia landing sites to points of presence (POPs) in major Asian cities. In addition, 360asia will link with 360pacific - an undersea transpacific network - to provide direct connections between key centers in North America and Asia.

To: Theophile who wrote (11249)	5/16/2001 4:51:52 PM
From: Ally	Read Replies (2) \| Respond to of 15615

Re: short interest... what-me-worry See page F-28 on 10K, and hear Alfred Neuman say, "what me worry". The seemingly large short position (59 million shares) on GX stock would mostly come from institutional holders of convertible preferred stock, having locked in the gains when the stock was trading above the conversion price in 1999 and early 2000. Here's my count: April 2000, 29.0 mill shares upon conversion at $39.60 Jan 2000, 8.9 mill shares upon conversion at $45.00 Dec 1999, 12.2 mill shares upon conversion at $53.25 Nov 1999, 12.1 mill shares upon conversion at $45.00 Total possible shorts by holders of convertible preferred shares to lock in gains = 62.2 million. Short position has been around 57 million for months, so I would say these are the instituional hedging shorts, and would not go away since the gains were intended to be locked in. Short position increased from 57 million to 59 million last month. So, most likely, 2 million shorts are from followers of shortinterest.com. They'd be pretty nervous after today's action.

To: Theophile who wrote (11249)	5/16/2001 5:16:20 PM
From: Ally	Read Replies (2) \| Respond to of 15615

Martin, I have a theory as to why people are still buying TSIX and LVLT despite their obvious problems. Enter GX on SI, and click Discussion. Do they get this knowledgeable thread? Noooo... instead they get the inactive threads. This thread cannot be accessed by new SI users. It is a hidden thread of clandestine followers of GX. In fact, if I lose my book mark, even I won't know how to get back on this thread. Now, how did this happen? How is it those investors thirsty for independent and knowledgeable (if I could say so) analysis and monitoring of GX been deprived? Oh, what harm have fallen them as they bide by their only other source of information - broker analysts. These are the same analysts that, today, after a second warning by TSIX, and with the stock fallen to a couple of bucks, boldly downgraded TSIX from BUY to HOLD. Alas, I don't know how to fix the problem. Do we need to seek help from whoever is in charge at Infospace, that owns SI?