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

To: changedmyname who wrote (12970)	8/1/2001 7:35:07 PM
From: DukeCrow	Read Replies (1) \| Respond to of 15615

It looks like GX missed CSFB's 2Q revenue targets (barely missed cash, missed GAAP by a bit more) but beat the EBITDA targets for the quarter. CSFB's revised 2Q01 targets: We continue to expect 2Q01 consolidated cash revenue (adjusted to include deferred revenues) of $1.65B, up 28% y/y from $1.29B in 2Q00 (but a deceleration from 1Q's 39%), and up 2% sequentially from $1.61B in the prior quarter. We expect consolidated GAAP rev to be $1.22B, up 24.5% y/y (an acceleration over 1Q's 8.8%), and up 12.6% sequentially. We continue to expect recurring adjusted EBITDA of $459M, up 28.9% y/y (a deceleration from 44% growth in 1Q), and up 4% from $441M in 1Q01. CSFB's revised '01 and '02 targets: Cash revenues for '01 and '02 go to $7.1B (down 2% from our prior $7.2) and $8.4B (down 8% from our prior $9.1B respectively, and our 5-year CAGR falls to 14.5% from 15.7%. Adjusted EBITDA for '01 and '02 are $1.9B (down 6% from our prior $2.0B) and $2.1B (down 26% from our prior $2.8B respectively and our 5-year CAGR falls to 18% from 20.5%.