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

To: Bonzo who wrote (13570)	8/20/2001 9:17:53 PM
From: Ally	Read Replies (1) \| Respond to of 15615

>Liquidity ($3.7B), in spite of some posts to the contrary, is not an issue at this time< At Dec/00 (Q4/00), the company had $1.5 B in cash, $1 B in bridge loan, and $6.3 B in debt. At Mar/01 (Q1), it had $1.2 B in cash, $1 B in bridge loan, and $7.4 B in debt. At Jun/01 (Q2), it had $1.9 B in cash, and $6.0 B in debt. In Q2, it reduced debt by $2.4 billion and increased cash by $700 million. The company is in much stronger financial position than in prior quarters, yet there is more fear now of a funding shortage than before..... interesting market psychology.