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

To: HW Bowman who wrote (12625)7/13/2001 9:31:08 AM
From: Bill Fischofer  Read Replies (1) | Respond to of 15615
 
Re: Discounts

A few minutes searching on EBAY is eye-opening as to the effect of the dotcom/telecom collapse on equipment pricing. CSCO, SUNW, etc. are being forced to compete with their own deeply discounted barely used equipment. There's seldom been a better "buyer's market" and this is why GX is in such an advantageous position when it comes to stretching future capex dollars.



To: HW Bowman who wrote (12625)7/13/2001 10:39:27 AM
From: RobertSheldon  Respond to of 15615
 
*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.*

Yes, the value orientated investor is salivating at the prospects . . . then again GX affords a similar opportunity with vastly superior risk charasteristics that the DOD just verified for us all.


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