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

To: Rob C. who wrote (13273)	8/9/2001 3:24:29 PM
From: BWAC	Read Replies (4) \| Respond to of 15615

Screw CSFB. That was the stupidest article I've seen today. How many misconstructions, deviations from what GX actually said could they cram into 200 words or less? 1.) "$5 target price." Hell thats only 50% of the $11 Billion in tangible property plant and equipment that make up the network. 2.) "lowered financial forecasts for the years 2002-2007." Hell of a crystal ball they have there. 3.)"cut 2,000 jobs, or 15 percent of its work force." Yeah as in eliminated, not needed, due to the current slower buildout phase GX is entering. 4.)"reflected "low-quality" revenues " Damn crappy MSFT, Dept of Defense, Embassies, DirectTV, NATO, etc. 5.)"funding gap of about $80 million in 2003" Sell a frigging airplane or boat or something to raise that. Don't the BOD members carry around that much as pocket change anyway? Geeeeez. These sobs never give up throwing fuel on a fire they are trying to light FOR THEIR OWN PROFIT. Not ours or GX the company.

To: Rob C. who wrote (13273)	8/9/2001 3:24:30 PM
From: CRL	Respond to of 15615

This guy thinks he's good enough to target a funding gap in 2003 that might amount to 1% or so of gross revenues. Talk about a showboat!

To: Rob C. who wrote (13273)	8/9/2001 7:26:04 PM
From: Ally	Read Replies (3) \| Respond to of 15615

For 2002 revenue to be only $7.B, the analyst used around 8% growth rate over 2001 (assuming 2001 comes in at midpoint guidance). He is also not factoring in reduced operating expenses for next year. Putting his numbers into my model, I find his estimate very low. From my model: On 10% growth, cash revenue would come in at $7.3B, and adj. EBITDA at $2.1B. After paying interest and dividend, $1.3B would be left for capex. Seems to me the analyst is trying to make his mark by putting GX in the worst possible scenario. Let's see what Sheldon has to say about this estimate which is way off from Sheldon's. As for the funding deficit in 2003 and 2004, it looks like he is assuming a massive capex required for expanding the existing network capacity.