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

To: KJ. Moy who wrote (13342)	8/13/2001 2:39:40 AM
From: RobertSheldon	Respond to of 15615

Long ago Robert Sheldon posted a spread sheet with his projections for GX. Until this latest earnings report, he was right on the money. I put together the spread sheet almost three years ago (we followed Global Crossing even earlier - when it was just finishing private funding) . . . back then I did not see the business environment that we are now living through. When the credit markets effectively closed last December we began to wonder what domino effect was in store for the economy at large . . . we felt that the country would come very close, if not fall into, recession. You just can not have a shock to the system (closing the credit markets) without major repercussions. We have been very surprised that GX maintained our forecasted growth trajectories until this past quarter. However, I must say that if I was aware of the "shock" to the economy we are now experiencing I would have come in very low in comparison to what GX just posted. In other words things are going great guns considering the environment. This company is stronger that I thought it could be at this stage. And now with the major government contract wins that were not supposed to materilise for another three to four years this company will be off to the races once we emerge from the shock. I mentioned a few days ago that I would update folks on some longer term implications for the company once the 10Q comes out on the 15th. It will take a few more days past that to solidify our thoughts. Rome is not burning.