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

To: A.L. Reagan who wrote (12057)	6/19/2001 7:51:41 PM
From: SecularBull	Read Replies (1) \| Respond to of 15615

I suspect that the rate of traffic continues to grow that much. I'm concerned a bit that GX has yet to fall into line with the stock prices of its peers. GX has a very significant interest payment (~$142MM quarterly) with $1.7BB in "liquid resources", while LVLT's payment is ~$138MM quarterly, but with nearly $4.5BB in "available funds". biz.yahoo.com biz.yahoo.com GX has much higher revenues, and cash provided from ops. Nevertheless, neither company is in great shape. ~SB~

To: A.L. Reagan who wrote (12057)	6/19/2001 8:29:49 PM
From: Theophile	Read Replies (1) \| Respond to of 15615

Differences between yields on WCG bonds and GX bonds probably do not reflect the internet traffic growth rate so much as business model differences. WCG bonds might be lower priced if their parent were not so wealthy. GX has no parent, they are all alone in the big wide world. TCM similar to WCG. I note TCM is being bought by somebody, possibly their parent corp. as the fiber network is not much compared to the assets TCM really represents: marine construction outfit. FWIW. Good to see you here... Martin Thomas

To: A.L. Reagan who wrote (12057)	6/19/2001 10:58:24 PM
From: LKO	Respond to of 15615

FWIW, Williams Communications bonds are now priced at approximately 2x the yield of GX's bonds. (i.e. 35-36% annual yield range) This might be dumb, but I thought I will ask anyway. WCG bonds having higher yield than GX implies WCG is considered a higher risk for default than GX, the way I look at things. But other responses to your posting imply, WCG is lower risk because of having a rich daddy (Williams Co). If that is so, why are they higher yield ? What am I missing here ?