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

To: trainleaving who wrote (13239)	8/7/2001 1:02:20 AM
From: gruetz	Read Replies (2) \| Respond to of 15615

I ask the following questions as a long looking for some reassurance and not as a cynic: 1) Is the recent trashing of GX stock and bonds likely to impair GX's efforts to win MNC customers away from the incumbents? In other words, is the flight to quality issue that was working in GX's favor vs. other emerging telecoms now going to work against them vs. the incumbents? 2) With recent downward guidance, GX is more reliant than we previously thought on IRU sales to big telecoms to achieve sufficient operating cash flow to cover debt service and cap ex over the next couple years. Will this fact encourage the DT's,T's, and WCOM's of the world to spread their IRU purchases around to all the subsea providers so as to not make any one subsea provider too strong (or strong enough to survive independently)? 3) Putnam sold 49 mln shares of their 56 mln total of GX in the 2nd Quarter. In hindsight it would seem that they may have either heard something through the grapevine or they were spooked by the insider sales and the potential reasons therefore. Any thoughts? thanks