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

To: HW Bowman who wrote (12624)	7/13/2001 8:57:40 AM
From: HW Bowman	Read Replies (2) \| Respond to of 15615

Re: 7/23/01 Forbes at 54 (sorry, I don't know how to create links) entitled "Salvage Beasts- When telecom asset prices collapse, buyers seek new uses for the gear." There has been speculation on this thread that GX would be picking up telecom assets cheaply, but this is the first thing I have seen to quantify the surprising magnitude of this discount. This article likens the situation to the "pennies on the dollar" situation for real estate after the S&L debacle. "They're selling hardware like servers, routers and storage gear at discounts of 85% to 95%- new or used." Wow.