Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: HW Bowman who wrote (13039)	8/2/2001 12:50:30 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 15615

I'm not saying that debt exceeding market cap means automatic collapse - just that the market is treating this as a prospective outcome - this is the message the market is giving... debt exceeds shareholder equity. Certainly, markets can be, and often are, wrong. As to the swaps... I never said they were fraudulent. Just that there is a certain amount of games that can be played with accounting - fully legal, mind you... only problem being that they are often designed to obfuscate or spin, or create an impression. LVLT and GX being at arms length is not germane. If a transaction, and the way it is recorded makes both look good, they may be tempted to report it with as positive a spin as possible, never mind the actual reality (and do so, while observing fully the letter of the law, if not the spirit). Dig a little deeper. Morgan