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

To: 249443 who wrote (11878)	6/17/2001 12:36:34 PM
From: CRL	Read Replies (1) \| Respond to of 15615

Interesting that none of your criticism relates to the GX business plan, management's execution of the business plan, the state of the market for the services the company provides or the consistent record of meeting or beating all management and financial objectives set. But I guess all that's just fluff?

To: 249443 who wrote (11878)	6/17/2001 3:12:20 PM
From: Theophile	Read Replies (2) \| Respond to of 15615

The criticisms of GX are no different from what I have seen WRT the other MNOs, except that GX directors seem to sell in advance of larger economic downturns, not their company-specific downturns. The last time they sold in Autumn at ~30, I thought they were wrong to sell. Then I saw why they sold. I believe they sold for the same reasons this time: the possibility of a protracted global economic downturn. As for Robert sharing his thoughts about large portfolio holders and their insensitivity to when//how they sell, his remarks were well-prefaced with the idea he was simply offering another perspective, and he pointed out that he was placing little weight on the thoughts, simply that from another perspective these sales could amount to risk-exposure adjustments in their holdings. I actually cashed out a portion of my holdings in the ~12 range, prior to Winnick's posting of his sales. I hated to do it, but I could smell trouble coming somehow, and did not feel comfortable with my cash cushion for the next several years in the event of the big one. I will await further confirmations of the larger economic picture prior to doing any further adjustments. I think the subject at hand here is GX, not Robert Sheldon. As with any poster, it is their substantiation of their thoughts, not their past accomplishments nor earned college degrees which will allow me to accept their arguments. Just because someone has a good track record does not mean they will be correct this time, so I treat every situation as a fresh challenge. Let's stay with GX as a topic, and if someone wishes to share personal experiences I appreciate that. As for LVLT treating shareholder's with greater respect, I can see this has certainly gotten those shareholders' a lot more.....partially completed network with personnel layoffs and shortened business horizons, low(er) share price (from $125 to $7, vs GX $65 to $8), and poor bond performance. What sort of hope are the LVLT longs holding onto? TCM? WCG? TSIX? I believe CSFB took advantage of the situation to make a killing, before somebody else got up to do the same... I believe the final whack given to GX was to be expected, since they were the only ones not yet already whacked. Now it is up to GX to execute their business back to where it commands greater respect. At least with GX, there is this possibility. Martin Thomas

To: 249443 who wrote (11878)	6/17/2001 11:29:24 PM
From: trainleaving	Read Replies (1) \| Respond to of 15615

I'll try, but please remember, these are only my opinions. 1) the facts of the outrageous payments/bonuses/special payments that have been paid to the past leaders of this firm. (The stockholder has never been priority #1 for the firm.) Yes, and they've attracted executives who have well executed the business plan, winning the race to the first truly global network. If you want top-quality, you have to pay top-dollar. Look at their operations up to this point and consider how they have executed at winning customers. 2) "professional" research performed on the credit worthiness of gx and their over leveraged financial position (go to the Level 3, TSIX, etc. boards and say that gx is completely different with a pristine balance sheet). LVLT, TSIX, GX all used debt to create their networks. The difference is that GX is first to the finish line. Of the three, which has not lowered guidance to date (or defaulted)? Of the three, which is furthest along with their network? Of the three, which has a fully funded network? 3) insiders are selling in size at prices above where we are today (please point me in the direction of where insiders are buying). I have options in my company. I sold recently for about 2/3 of what the stock price was last year (the decline is due to the economy). The company I work for is profitable and has exceeded expectations every quarter and has faced no slowdown. Do I think the stock will someday be back at last year's price? Yes. Did I still sell? Yes. Why? To use the cash somewhere else, since it was "bird in hand". I still have 75% of my options, most of which are not vested. I still have plenty invested in my company. By the way, I'm not a billionaire or millionaire. 4) the bottom line of money management is to preserve money first and then secondly make money (a stock that goes from $40 to $8 violates this premise and assumption by investors) If your analysis says that the stock should be $60 in 3 years (for instance, not necessarily GX), then a current decline of the stock price from $40 to $8 represents an OPPORTUNITY and not a failure. It's all about long term and what the market presents you. I've bought in the 40's, 30's, 20's, 10's, and may buy some in the single digits this week. Why? Not because of blind faith, but because nothing has changed with the execution of the business plan for GX. The comments by CSFB and others are based on macro views, and did not discuss GX's business. 5) the truth of money management is that investors in a hedge fund, or any kind of account, will take their money elsewhere if they absord substantial losses That's why I manage my own money. 6) get a hold of the quality research that explains the current situation (it does cost money!) and one can understand the stock's performance Any recommendations? What is the "current situation"? There are no specifics in your comment. Again, these are all my own very humble opinions. I just thought I'd share today.... Happy Father's Day, to those of you it applies to.