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

To: CF Rebel who wrote (12739)	7/23/2001 12:39:49 PM
From: TechMkt	Read Replies (2) \| Respond to of 15615

12:18 (Dow Jones) Salomon Smith Barney shifted its sector weighting by upping consumer cyclicals and communications services and lowering utilities and basic materials. SSB cites an easing competitive price environment and misplaced consumer spending fears for raising, respectively, consumer cyclicals and communications services. Meanwhile, the firm blames a strong US dollar and a shift in "recent shortage dynamics" for downgrading basic materials and utilities. To reflect the weighting adjustment, SSB has added F, TMPW, TYC, GS and GX to its recommended list and removed WY and MIR. (GS

To: CF Rebel who wrote (12739)	7/26/2001 12:07:07 AM
From: DukeCrow	Read Replies (2) \| Respond to of 15615

<<The fact that GX has executed in such a negative environment is proof that it is a responsible company.>> Exactly, and if the stock price doesn't reflect that why should anyone care -- unless you are short-term oriented and want your profits overnight. <<But, if you think that legitimate access to the capital markets for early-stage companies is imagined, you're dreaming.>> Businesses which cannot adapt to changing market environments will be doomed to fail. GX has shown that it can adapt. <<You seem to believe in the "efficient-market" theory - whatever the market thinks is right and has no costs.>> Huh? I have no idea where you came up with that. I am a firm believer that capital markets, while efficient in some respects, are always littered with examples of inefficiency. <<On the contrary, the markets are generally inefficient and shorting, with it's negative effects, makes them only more so.>> An inefficient market is virtually the only way an investor can hope to make money. If shorting increases the inefficiency, that's okay by me. <<And, it matters chiefly to shareholders who face greater dilution than would otherwise be necessary.>> Shareholders who have done their homework should have a pretty good idea of whether the risk of further dilution is in their future. Any shareholder of a company which is not fully-funded to self-sustainability should be aware of this. <<But, the fact is that this company has met or exceeded all guidance before and in the two years since the Barron's trash piece. The problem with the Street and it's journalists is it's irrationality in the face of facts. Due skepticism is one thing, but the Religion of Bandwidth Glut has continued to hold sway. This is not "imagined.">> So? Unless you are short-term oriented, this stuff shouldn't bother you. In fact, if one hasn't yet established their full position, then this may, in fact, be beneficial. As long as GX remains a viable business and continues to execute as they have told us they will, I really don't care what the market thinks GX is worth today or tomorrow.