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

To: changedmyname who wrote (13286)	8/9/2001 9:01:07 PM
From: RobertSheldon	Read Replies (3) \| Respond to of 15615

thrilled that the company offered no guidance at all for 2002 What? They gave cap-ex guidance and reiterated their four year CAGR numbers.

To: changedmyname who wrote (13286)	8/9/2001 11:51:28 PM
From: DWB	Read Replies (1) \| Respond to of 15615

Could you or someone else point me to a link for this "prescient" CSFB analysis from weeks ago. I can't seem to find it. TIA, DWB

To: changedmyname who wrote (13286)	8/10/2001 2:53:41 AM
From: Theophile	Read Replies (1) \| Respond to of 15615

Jason, it was not so much the CSFB anal and his model, but the fact he 1.)put words into the GX story that were not originally part of the story given by management; 2.) the fact CSFB was pumping Q and battering GX, meanwhile the story on Q earnings restatement was brewing waiting to be revealed a couple of weeks later. It is apparent by now that there are key telecom indicators which all the houses are using and we are not using, thus the immediacy of all the startups share prices tanking about the same time several weeks past. I take CSFB seriously, it is just that what they request I take seriously is not the same as that which I do take seriously from them. The reduced revs is understandable, and regardless of how others view it, GX management is more capable and has executed more effectively than any of the other startups, and certainly better than Q, T, et.al. T is going to go to the vultures, a piece at a time as they already are doing. The big funds are already burned and still hanging on for some unknown reason. Martin

To: changedmyname who wrote (13286)	8/10/2001 4:37:58 AM
From: Theophile	Respond to of 15615

Jason, here we go....it was the following words which set off alarm bells for me, and I assumed all the number crunching leading up to these two paras were simply designed to introduce this concept, fwiw flatly denied by Casey at the most recent cc. Not that Casey has the final word, but obviously it was something that set off controversy amongst the politically sensitive analysts for GX.... "We attribute the shift to leases (away from upfront cash IRUs) - a trend we previously wrote about - to slower than expected data traffic growth, a slowing economy and the abundance of new competitors in the longhaul bandwidth market which together have shifted bargaining power towards customers of network capacity. * An important side effect of this shift, if it happens, is that emerging LD companies that rely on cash from upfront IRU sales to fund their network buildouts would be forced to find alternate sources of funding - a job that could be very difficult given their already heavy debt loads and extremely difficult capital market conditions. " Other than this introduced blurb, I think the CSFB anal was conservative, no? Martin