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

To: Ally who wrote (13281)	8/9/2001 7:47:51 PM
From: Captain Jack	Read Replies (1) \| Respond to of 15615

Ally -- you hit the nail on the head. If GX currently had a great mgmt team it would not be where it is today,,

To: Ally who wrote (13281)	8/9/2001 8:44:20 PM
From: changedmyname	Respond to of 15615

>>However, I do think his $5 target is ridiculous.... start >>ups with a fraction of GX's assets are selling for more. In all seriousness I would like to know what startups you are referring to that trade at a significantly greater value. But who is to say that a $5 target is ridiculous. If the dates for the company to become cash flow positive are pushed back (right now it is hard to believe anything the company has to say; and also how can they say they are going to reach that point next year if they can't even provide any guidance?), maybe the company does deserve to trade flat for quite some time. Maybe between $5 and $10, who knows. I could certainly see GX trading in a narrow range for some time now. The longer it takes them to get back on track with revenue and earnings growth, the greater risk they do run into funding troubles, etc. Hey, it's great they're growing as much as they are this year even AFTER they have guided down, but the company's business plan wrt funding, etc were based on the original targets. Now all of that has changed and is up in the air. Jason

To: Ally who wrote (13281)	8/9/2001 9:56:24 PM
From: BWAC	Respond to of 15615

<If GAAP is so definitive, and auditors are so steadfast, how is it each time a new CEO comes on board, he/she ships truckloads of inventory, goodwill, and other balance sheet items to the junk yard for write-off> Hey beats me. They must not be looking under the right rocks, or in the right storage areas, or asking enough questions of the front line employees. As for inventory writeoffs. I guess the new manager might just be eliminating a product or segment. Which would be a management decision since the prior audit. Audits won't necessarily tell you whether the business is good or the forecast for future business. It just tells you that the statements presented are materially accurate. Goodwill just sounds like anything I say will lead to another difference of opinion and run far off topic. Goodwill above that which reflects the value of an in place workforce, company name and reputation, etc. should never have been on the balance sheet in my opinion. But the current rules forced it to be. Even in obscene stock takeover valuation created amounts. Crazy as it is. Misrepresenting as it is. And confusing to many.