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


To: BWAC who wrote (51)8/21/2001 10:48:26 AM
From: Bill Fischofer  Respond to of 586
 
Don't forget the people

One of the keys to GX being able to build and populate its network from a standing start in four years was Winnick's ability to buy some of the most capable talent in telecom. Thanks to the "bubble", GX was able to poach top talent from many sources in ways which are now foreclosed to any newcomer. In many ways the funding window's closure is most keenly felt in the personnel office. The result is that it is extremely unlikely that anyone could duplicate GX's current network and operations for anything approaching its current market cap.



To: BWAC who wrote (51)8/21/2001 9:07:06 PM
From: Ally  Read Replies (4) | Respond to of 586
 
BWAC, may be useful to cast an auditor's eye on the make-up of $2.4 billion "Other Current Liabilities". This item has stayed pretty constant since 10K and it makes up the bulk of Total Current Liabilities, painting a dismal picture on working capital. I find it a bit odd that "deferred revenue" of around $282 million in included in Other Current Liabilities, since deferred revenue is not a cash payable item, unless of course, it infers a swap. Yikes!