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

To: Alphapenguin who wrote (12689)	7/18/2001 4:00:09 PM
From: eugene25	Respond to of 15615

respond to none Has anyone learned any more about the hookup gx made with the british using low level satellites. to complete a build out. Was this a one shot deal , an experiment or what? Maybe I'm dreaming this but if not what was the efficacy of this approach Also an aside to Robert I have been lurking this message board a long time and I appreciate the hand-holding and palliatives issued by you to the long time holders of this stock. It has become something like watching a 3 legged turtle race and I have quite a bit of bet down

To: Alphapenguin who wrote (12689)	7/18/2001 7:20:34 PM
From: TechMkt	Read Replies (1) \| Respond to of 15615

From jsavage on the Yahoo! board. Lousy day again for GX. Unbeleieveable. Their earnings results had better be better than TCM's. Fez _____________________________________ here's what I got out of TCMs Conference Call, nothing earth shattering. I may have missed some stuff, anyway, here it is. investor.tycomltd.com -TCM 35 mil in capacity sales this Q (they just finished cable this Q, so I think that's why their sales may seem a little low) Projected to have a total of 250 mil for the year, that amount will come from only 10 different customers -735 million in cash on hand, 632 mil in debt to parent, no external debt -2 billion in backlog and expect to add Secan and Flag to backlog once financing is approved. -3rd party system sales at 530 million for the Q -Only company currently building a cable in the pacific today (guess that's cause GX is finished <G>) -smaller capacity buyers looking at lease but large capacity buyers interested in IRU (sales this past Q were 3 IRUs and 1 lease) -Predicts rate of errosion in Atlantic to stabilize to 25-35%... rate of errosion less in pacific -Guidance for 02 - projected 3.5 billion in revs, 2.5 billion from building, 1 bil from capacity sales -Tax rate reduced because of their large number of non-US-based assets -asked about the Flag stock purchase and if TCM and Flag plan to team up some more... answer was no, but mentioned that they hoped to capitalize on connection between Flag and Verizon... ie TCM wants to add VZ to its customer list -almost all of the increase in guidance is from tax savings ($0.08), I think (0.01 to 0.02 is from other areas) -Pacific Cable should be running no later than 5/2002 -capex decrease of 1.2 bil, large part due to price breaks on equipment (20-50% breaks)... didn't say exactly how much of decrease was due to price breaks though

To: Alphapenguin who wrote (12689)	7/19/2001 2:57:32 AM
From: Theophile	Read Replies (1) \| Respond to of 15615

Opus, I wanted to ask you if insiders had sold any further, since the last time (the collar episode). Thanks for a response. Now, as for the RB post about which you have no comment; I do have some questions there. First I like to set the stage by pointing out how many enemies Winnick has. Not just jealous-Nellies like Cramer, but actual enemies. They are most upset, still, that Milken destroyed their monopoly on the financial markets via a new device known as Junk Bonds, in order to circumvent the Moody's and Standard//Poor's monopoly on credit. Really, really bad people to cross, those folks. Now, for the facts as related; I can only go from memory so please contribute, anyone, to corrections so we (I) can lay this to rest and cite this post in the future for any further rehash of Winnick's quite successful past. Somebody obviously thinks he is trustworthy, besides some of us. I have been wrong on such before, so contribute to the common knowledge here. may have narrowly escaped being indicted... this looks like innuendo to me. Just facts is all I want in my newsies. Milken's fraudulant bond trading Was it actually fraudulant bond trading for which he was convicted? I seem to recollect it was something else more clever, having to do with parking money between his firm and the Russian immigrant arbiteur who had to entrap somebody to reduce his prison time, and Milken, being the most-hated guy on W.Street, was the perfect trophy to get his sentence reduced...actually, the SEC committed some pretty big fraudulent trades themselves by allowing the Russian to dump shares prior to publishing the expose for the entire shebang. So much for fraudulent...it depends upon who is perpetrating the action, as to whether or not it is fraudulent, eh? Winnick shorted shares in his own company I was under the impression that the deal was structured such that Winnick could only profit if the shares went up, other than avoiding the loss if the shares went down. Of course, this does not mean his buddies, whoever they were that performed the collar, did not profit. Then again, did these shares actually get put? If they had, how would we know it? some speculate that having cashed in on Global Crossing thrice (on the IPO, by cashing out at the peak, and with the collar) Now, did Winnick sell shares at the IPO? How many? I do not recollect Winnick "cashing out" anything at the peak. A very, very few shares were sold at ~$33...very, very few of his own. Again, the collar? This story is a ragging of speculation and misinformation. Was it written by the same author who wrote for the WSUrinal about the $14 or $15B of debt GX supposedly had? If the Urinal publishes some sort of false info such as that, I believe other rags can publish such untruths as well. Structuring the episode of attempting to trash the sector as best as possible for those two weeks, a concerted effort by the media was all too obvious. This is simply a replay, judging by the date of the article posted on the referenced post to this one. The rest of the article is not worth a comment. Thanks for the input. It is doubtful I will respond again to the S.O.S. by juvenile wannabe traders trying to milk the public-opinion game, who publish such tripe. Martin Thomas