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

To: HW Bowman who wrote (12996)	8/2/2001 10:14:08 AM
From: Bill Fischofer	Read Replies (1) \| Respond to of 15615

Re: CC It's pretty clear that whatever is being said isn't pleasing institutional holders who are dumping GX wholesale.

To: HW Bowman who wrote (12996)	8/2/2001 10:17:11 AM
From: HW Bowman	Read Replies (1) \| Respond to of 15615

Overall I don't think the GX earnings report was that bad, given the depression state of the industry and IRU customers. They did reduce revenue projections for Q3 and full year by about 10%, but, presumably because of offsetting expense reductions, left analyst consensus earnings (losses) projections intact. I don't think the downgrades are justified. They can still pay their bills, and things could have gone a lot worse if you look at their peers. But I do regret buying yesterday. C'est la vie.