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

To: jopawa who wrote (11803)	6/15/2001 4:27:03 PM
From: Raj Ramaswamy	Respond to of 15615

With insiders started dumping at 12-15 range, no wonder CSFB slashed the target to 14 bucks.... CSFB may be friggin BS but they repeatedly said in their report that they talked to big brass on GX with names et all... So most of their projects is indeed from the horse's mouth...

To: jopawa who wrote (11803)	6/15/2001 4:27:11 PM
From: Raj Ramaswamy	Respond to of 15615

With insiders started dumping at 12-15 range, no wonder CSFB slashed the target to 14 bucks.... CSFB may be friggin BS but they repeatedly said in their report that they talked to big brass on GX with names et all... So most of their projections is indeed from the horse's mouth...

To: jopawa who wrote (11803)	6/15/2001 4:34:39 PM
From: Bill Fischofer	Read Replies (4) \| Respond to of 15615

Re: GX is struggling That, in a nutshell sums up the perception problem. There is no question that TSIX is "struggling" since it just defaulted on an interest payment. One might say that LVLT is "struggling" since they've cut back their capex and lowered revenue guidance. Then there's GX. What is the basis for the perception that GX is "struggling"? Has management guided lower? Has it indicated that bandwidth demand is softening or that revenue estimates are too high? Quite the contrary, GX continues to beat every metric they've set for themselves. So where is the "struggle" except in the minds of nervous shareholders who are fixated on the share price instead of the business?

To: jopawa who wrote (11803)	6/15/2001 4:36:35 PM
From: Ken Reidy	Read Replies (1) \| Respond to of 15615

Thanks jopawa, I agree...just astounds me that JDSU would rally the way it did. They lowered revenue estimate from 700 million to 600 million and said they expect to book a 225 to 250 million inventory reserve for the fourth quarter. Then they said first quarter sales would be 450 million and they offer no guidance past the first quarter. Seems pretty ugly but yet huge buying carried JDSU from 10.81 to 12.44 at the close. I was watching JDSU and GX all day long and the contrast was amazing.