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Technology Stocks : GX Investors Thread -- Ignore unavailable to you. Want to Upgrade?

To: KJ. Moy who wrote (36)	8/20/2001 11:48:34 PM
From: BWAC	Read Replies (1) \| Respond to of 586

<Your excellent point is missed by many investors today.> Thanks. Maybe I'm not crazy after all. 'Missed by many investors'? That's because they are listening to the analysts yell about price targets and lack of current earnings visibility rather than thinking about the asset they own and what its replacement value might be assuming the assets are essential to businesses or consumers. How is it the analyst reports never ever mention that GX is 2x below its cost of depreciated net tangible assets? Granted those assets better at some point in time produce some net income. Income sufficient to justify the cost of the asset itself. FOR SALE: TransAtlantic fiber optic network, originally costing $15 Billion to build, complete with operating manual, and $4 Billion in revenue, polished chrome wheels, less than 10k miles, all power accessories, 380 Horsepower V8. Comes in package deal with ownership of a Pacific route. Package Price: $4.5 Billion or best offer.

To: KJ. Moy who wrote (36)	8/21/2001 11:03:28 AM
From: M. Charles Swope	Read Replies (1) \| Respond to of 586

<GX's network is equivalent to ... rental properties in the Boston downtown area 10 years ago. ... they go up in value everyday> Yes, but why do the rental properties go up? It's not based on how much it cost the developer to put them up or how much it would cost to replace them. It's based on the income those properties will produce. Valuing GX on the cost to replace its assets, without considering the return on those assets leaves something out of the equation.