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

To: Alphapenguin who wrote (12738)	7/23/2001 10:56:32 AM
From: BWAC	Read Replies (1) \| Respond to of 15615

<and if the profit is not forthcoming, it's time to move on! And GX is no exception.> What? Talk about short term trading. Since day 1, when GX went IPO, did their business plan, their 10 year business plan ever lead anyone to believe or expect that they would be profitable by July 23, 2001? It did state that they were building from basically scratch a global system and as it came into full usage profits would exist. And the time line right now is barely past the essentially 'fully built' stage. With revenue, EBITDA, customers coming in according to GX's plan and budget. So profit is forthcoming, at the long ago planned and expected time for GX. Currently noise is here in expectations for profit right now, right today. Current profit never was the plan. Building the system to scale so that greater future profits could be achieved was the plan. The noise is the distraction from those who think the business plan and budget should be changed midstream. All of which defeats the long term purpose of investing in GX. Those willing to sell GX at $8 don't understand that and don't want to understand that. GX has $20 Billion of assets undersea that will eventually produce an exceptional revenue stream and profits. It is a maturing company in a bad market, which is reflective of todays share price. That $20 Billion infrastructure can be purchased today for around $14 Billion, stock plus debt.