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

To: M. Frank Greiffenstein who wrote (11825)	6/15/2001 9:13:05 PM
From: changedmyname	Read Replies (1) \| Respond to of 15615

First off, I'm not so sure there is Lehman note that is negative; I think it started as a rumor that they said something midday. As far as I can tell, the latest they have said was that GX is a "trading buy" which came out yesterday. Before that, a different report came out saying positives outweigh the negatives, etc. So far, no one has been able to come up with a report that was released today that suggests Lehman said there is a funding gap. Only CSFB is of this opinion. >>Isn't the demise of TSIX good for GX? The demise of TSIX, imo, is mixed news. TSIX won't be expanding anymore and thus won't enter anymore GX markets and erode prices further. The downside is that once TSIX goes bankrupt, they'll get picked apart in court and someone will get assets for pennies on the dollar, avoiding high costs of building a network, and thus reduced costs. (edit: Would be best for TSIX to hang on for as long as possible, breathing until the last possible second) >>Doesn't the demise of tel-co equipment companies mean cheaper optical stuff for GX? Yes, the demise of tel-co equipment companies is good for GX in that goods are much cheaper. This is perhaps overlooked in that it should help GX come under the CAPEX numbers predicted. >>Adn what about all that cash GX is getting from the sale of that local telco? The cash from the sale to CZN is already factored into the cash position of the company and their ability to service their debt. It's not like it is "extra" cash, it was expected and put into the model. Jason