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

To: Alphapenguin who wrote (192)	8/29/2001 6:10:03 PM
From: Bonzo	Read Replies (3) \| Respond to of 586

I think the worst thing GX could do right now is buy back stock. You don't buy back stock when you are laying off hundreds of employees, closing dozens of worldwide offices and aligning projected expenses with lowered revenue guidance. That $2B cash horde has to get them through this difficult world economic environment. Whatever GX stated two years ago was done under a different economic environment with a different CEO. The Global Center spin-off (and subsequent share distribution) was scrapped in favor of an Exodus acquisition. Its a dynamic and evolving business environment and GX has (mostly) made the right decisions imo. The CEO revolving door and the Exodus write down have hurt GX in the past and continue to plague the stock.

To: Alphapenguin who wrote (192)	8/30/2001 3:24:36 AM
From: DukeCrow	Respond to of 586

<< The promised cut that GX shareholders would get from the Global Center sale? >> I think you may have things a little confused. GX management never promised GX shareholders anything as a result of the GlobalCenter sale. There was a possibility that GX shareholders would receive GlobalCenter shares as part of a spin-off if GlobalCenter had had an IPO. That did not occur. What did you think GX shareholders would receive as part of the Exodus acquisition of GlobalCenter? Did you know that if the Exodus shares were distributed it would have been a taxable event to GX shareholders? If you didn't expect to receive Exodus shares, then what did you expect, and please show me where management promised it.