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

To: A.L. Reagan who wrote (12090)6/20/2001 10:08:17 AM
From: Emile Vidrine  Read Replies (1) | Respond to of 15615
 
"gx has no dry powder"?

GX could easily take their $7.5 billion capex money for 01 an 02 and redirect it as "dry powder" to acquire the defunct assets rather than build their own. They clearly stated back in March that this was in fact their intentions, and that consequently, there capex for 0 1 and 01 was reduced from some $10 to $7.5 billion. $7.5 billion could buy a lot a basement sales.(some of that capex money has already been spent but I'm sure they should have at least $5 billion unspent)



To: A.L. Reagan who wrote (12090)6/20/2001 10:15:53 AM
From: BWAC  Read Replies (2) | Respond to of 15615
 
<to whatever extent there is a bandwidth glut, it doesn't go away just because of a few Chapter 11's>

Maybe. Maybe not. Remember Iridium just crashed and burned their satellites rather than give them away for pennies. Who's to say the fiber capacity of some of these companies won't be rendered useless?


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