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

To: M. Charles Swope who wrote (13583)	8/21/2001 1:16:27 PM
From: Bonzo	Respond to of 15615

Not sure pricing can be changed if the scope of work and specifications have not. Also, it would be unfair to GX since its competitors get to see the winning bid but GX does not see its competitors bids. If its strictly procedural then it should have zero impact on the technical and financial merits of each proposal. GX has obviously demonstrated technical superiority in its proposal over its competitors and pricing seems a secondary consideration. The contract should be re-awarded to GX in 90 days - after following appropriate pre-award/post-award procedural protocol. When that happens (again) it should be good for a small pop. Other than that I'm not sure us longs have much to look forward to - at least in the near term. Perhaps the year 2002? Snip from SSB: * A trade publication has announced that the Dept. of TELECOMMUNICATIONS Defense (DOD) is likely to cancel & rebid a contract SERVICES awarded to GX on 7/9/01. However, in contrast to some Street reports, we've confirmed that potential rebid reflects a procedural SNAFU at the DOD itself, & has nothing to do with GX's ntwk capabilities. It is wrong we believe to suggest GX fell short on technical capability. * Contract likely cancelled & rebid, but, we believe that GX will likely win the contract on rebid since obviously the capability, pricing & support that GX showcased in the 1st bidding process will likely win the day in the rebid. Furthermore we don't think pricing will be an issue in rebid as typically there is a very small pricing variance in bidding for gov't contracts. * GX's DOD contract will likely be cancelled & rebid due to a DOD problem in the procurement process, not on a technical failing. We think GX probably rewins bid and we cont. to view GX as a long term survivor.