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

To: Douglas W. DeVries who wrote (12712)	7/20/2001 2:19:20 AM
From: Theophile	Respond to of 15615

I have watched CYMI, and held positions in it. It is the only maker of DUV lasers that work, has a tremendous installed base, is gaining more revenue all the time on its replacement parts, and the other 2 contenders for DUV dropped out of the race over the past year or so. I bet nobody ever read any PR about CYMI on any news source. Yet I bet people have read about how INTC or IBM is trying to develop the next, new, new chip-etching laser. Good luck. CYMI sells into most of the major fabs, yet the news on CYMI is almost nonexistant. Yes, this does sound like GX. The short positions are very well characterized by the restrictions they place on the business model for GX, restricting availability to credit, etc. I watched a very solid ute (TE) go from 30 to 15, all on short interest. Thirty days to cover, had a good dividend. I could never figure out what was going on, but it had to do with CSFB owning a lot, and CSFB operating a fund for TE which did not have to sell shares when the shareholders asked to get out. Shareholders had to wait until CSFB said it was OK to sell. Right at the beginning of the NAZ crash, TE started rising, short interest came off. Back to 30 today. Somebody was using TE as a piggybank, I believe. After letting short interest dictate my moves with TE, it is not possible for me to allow the same to occur with GX position. I could not follow TE very closely, being a ute and dirty politics in Florida being what they are (Duke had just built a new plant, yet FPL and TE were denied to build new capacity, reason: TE and FPL did not have sufficient distribution needs. Yet, Duke had NO DISTRIBUTION at all in Florida)...so I decided the murky waters were too unreasonable to stay invested. GX waters may be troubled, but I can see the same pattern here with GX as with QCOM in the beginning. The media attacked Dr.Jacobs as a fraud etc. The incumbents in wireless are part of the same pack of creatures that are the incumbents in fiber nets, and they are utilizing the same tactics, attacking Winnick, printing false stories, etc. I guess we get to see the truth soon enough. Martin

To: Douglas W. DeVries who wrote (12712)	7/20/2001 1:09:13 PM
From: TechMkt	Read Replies (1) \| Respond to of 15615

Looks like TYCOM may be heading for rough waters. Fez ________________________ Friday July 20, 12:00 pm Eastern Time RESEARCH ALERT-Bear Stearns cuts TyCom to neutral NEW YORK, July 20 (Reuters) - Bear Stearns lowered its investment rating of TyCom Ltd. (NYSE:TCM - news) on Friday citing the electrical and electronic components maker's difficulties in its trans-Atlantic cable project. In a research note, it cut Bermuda-based TyCom to neutral from buy. ``Since TCM's July 2000 IPO, competitive conditions in the undersea market have deteriorated steadily,'' it said. ``TCM anticipated major pre-sales on its trans-Atlantic cable, but none materialized. Even after activating the cable, the company has only booked four orders of an indeterminate value.'' It said TyCom stock will only respond favorably to major capacity sales, which are unlikely to occur during the next few quarters. TyCom stock was down 23 cents at $14.57 on the New York Stock Exchange on Friday morning.