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

To: Ally who wrote (13016)	8/2/2001 11:54:50 AM
From: HW Bowman	Read Replies (1) \| Respond to of 15615

Ally, I missed the CC, but your post is very solid. I only question your point #3 in that whether it is an IRU sale or lease is just a tax distinction pertaining to current deductibility and the timing of realization amounts. So much of GX is the maximization of tax benefits to the detriment of the (non-tax) financial statements that govern at earnings announcement time.

To: Ally who wrote (13016)	8/2/2001 12:14:28 PM
From: Area51	Read Replies (1) \| Respond to of 15615

Ally, Thanks for the summary. If this is accurate an investment in GX could pay off: Vik Grover, an analyst with Kaufman Bros., thinks the witch hunt regarding the bandwidth glut is beginning to dissipate. In a recent report, Grover wrote that he believes investors are beginning to realize that dark fiber does not mean the same as fiber overcapacity. He also thinks the glut may already be disappearing. "We are now seeing signs that lit capacity is being chewed up just as the inventory correction that is overhanging the equipment and semiconductor space is working itself through," wrote Grover. upside.com