Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: A.L. Reagan who wrote (12064)	6/19/2001 9:02:01 PM
From: Theophile	Read Replies (1) \| Respond to of 15615

Martin, I was commenting that the yields for Williams are 2x those for GX, i.e. WCG debt yielding around 36% (hard core junk) versus GX @ around 18% (soft core junk). Yes, I understood, and perhaps ought to have stated: WCG yields would be higher if their parent blablabla rather than stating price for bonds would be lower.... Your comments about the CZN sale of stock is timely: June 13 '01 STAMFORD, Conn.--(BUSINESS WIRE)--June 13, 2001--Citizens Communications (NYSE:CZN - news) announced today that it priced its previously announced concurrent offerings of equity units and common stock. The closings of these offerings are expected to occur on June 19, 2001. .....which is of course...today.... biz.yahoo.com However, I believe the sale is financed by already-secured loans. I cannot find my CZN post (here) with time into CZN CC which details this info... Martin Thomas

To: A.L. Reagan who wrote (12064)	6/19/2001 9:20:01 PM
From: Theophile	Read Replies (1) \| Respond to of 15615

This is a valuable observation: SSB is co-lead for CZN offering and Grubman is still doing somersaults for GX and WRT this comment: (I see I'm not the only WCOM victim to wash up on these shores.) GX claims to be taking customers, not just customer share, away from WCOM. About the ILEC closing, if there were true fear about this I believe we would see greater pressure on GX at this time. The fact the entire sector is being devastated about equally may be the only "good" news here. Martin Thomas