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

To: Raj Ramaswamy who wrote (12007)	6/19/2001 12:19:34 PM
From: Sir Francis Drake	Respond to of 15615

"Definitely looks like GX will break 5." Nonsense. I bought $6.85 and I intend to make money on this. And half of this buy is going into my "investment" GX. The other I'll sell as a trade. But GX is NOT going to break $5. As a matter of fact, I'll go out on a limb and say GX will not close below $6. I am concerned about EXDS and GX's stake. They may have to declare a total loss on their equity, or perhaps help EXDS in exchange for more shares, but this is definitely a negative. I suspect soon we'll hear something regarding GX/EXDS, and this may be behind the beating GX is taking here. Still, GX is not even going to hit $5, let alone break it, IMHO. Morgan

To: Raj Ramaswamy who wrote (12007)	6/19/2001 1:11:47 PM
From: Bill Fischofer	Respond to of 15615

Re: Defending the price There's nothing to be said. It's obvious one or more major holders simply want out at any price and until that mission is accomplished words are wasted. Table pounding by MER, SSB, etc. are being ignored. The only thing which will change perceptions is the numbers and that clock ticks in quarters. TSIX swore up and down that they were "fully funded". LVLT just yesterday repeated that they are "fully funded". Why would GX's assurances on this score be met with any different reaction? I think GX management has concluded that because they really are fully funded and don't need to prop up the stock short-term so they can do another deal that the best answer is to simply continue to execute and let the numbers speak for themselves. Whether it takes another 3, 6, or 12 months who knows, but the truth will eventually be perceived.