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

To: DWB who wrote (13159)	8/4/2001 4:56:56 PM
From: gruetz	Respond to of 15615

DWB: <$2 bln vs $3 bln> Casey said in the conference call that at June qtr end they had $2 bln of cash on the B/S and $1.7 bln available under their revolver. I believe they took $1 bln of the $3 bln from the ILEC sale to pay down $1 bln on their revolver, thereby increasing capacity under their revolver from $0.7 bln to $1.7 bln.

To: DWB who wrote (13159)	8/4/2001 9:19:13 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 15615

DWB - gruetz got it. It also follows that: If the rest of your analysis is based on numbers that are off by more than $1 billion, wouldn't that be a significant oversight? -- my analysis is not based on numbers that are off by more than $1 billion. Also, if you listen to the CC, you'll hear Casey mention the liquidity they can tap as standing at $3.7 bln total ($2 bln + $1.7 bln). When the sale of ILEC was concluded, they also did mention how they would use that $1 bln. Good luck! Morgan