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

To: TechMkt who wrote (11808)	6/15/2001 9:46:37 PM
From: CF Rebel	Read Replies (1) \| Respond to of 15615

Hi Fez, Seems CFSB and Lehman think you're going to supervise the bake sale at next year's annual meeting, forget the crumb cake. I think that by then the company will be getting more respect from the Street. DBAB says GX will average $1 billion in network equipment savings in each of the next two years so there may be an actual upgrade in refreshments not to mention more than making up any revenue shortfalls. Thanks for the excellent reporting and be judicious in your use of your buddy Walsh's phone number. A couple of good excerpts from Joseph Schumpeter's "Creative Destruction" might help put things in perspective in these "destructive" times here at GX: "The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation–if I may use that biological term–that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism. It is what capitalism consists in and what every capitalist concern has got to live in. . . ." And, ironically: "Economists are at long last emerging from the stage in which price competition was all they saw." If an economist is a dismal scientist, then what might we call these miserable, myopic stock analysts who see nothing but price and not the whole picture? transcriptions.english.ucsb.edu CF Rebel