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

To: M. Charles Swope who wrote (13319)	8/10/2001 5:33:35 PM
From: trainleaving	Respond to of 15615

Charlie, While ultimately, yes, assets of a company that have gone under will be bought and used to "fill" existing networks of "well-financed" companies, I feel the process of bankruptcy will cause customers of those systems to look elsewhere for their service rather than wait it out (for refinancing). The current situation with TSIX is a perfect example. While the real supply of fiber remains, the fiber in demand goes down, if not at least temporary affect. If the market for selling bandwidth is as bad as CSFB indicates, I'm not sure who those "well-financed" telecom companies will be. Most of the big name telecoms are even carrying a debt burden. Besides, even with "filling" of existing networks from potential bankrupt companies by larger carriers will not provide the global reach and managed services that GX is currently providing and growing. Sorry for my "highly dubious" assumption.