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

To: BWAC who wrote (197)	8/29/2001 8:28:39 PM
From: Sawtooth	Respond to of 586

<<Management should use their own excessive GX salaried money to buy stock. Instead of using the company's needed liquid capital.>> That point cannot be overemphasized, IMO. We've heard them sing the song; I'll have much more faith in the story when I see them dance, too. It's like any other business; if senior management with all of their company and industry specific knowledge doesn't think the stock is a good investment, why should we? ........VVVVVVV

To: BWAC who wrote (197)	8/30/2001 1:42:35 AM
From: Bonzo	Respond to of 586

<<. The reduction in workforce was done due to the completion of the basic network and there being no need to continue to carry the previously required number of employees<< Yes I'm sure that had a lot to do with it. However, GX did guide Q3 revenue and EBITDA lower and the realignment announcement did coincide with that lowered guidance. Regardless, we agree that GX is trying to reduce expenses and preserve cash through a difficult economy. Buying back stock is not a prudent use of cash until there is sustained growth in the business again. <<These actions are expected to reduce annualized operating expenses by approximately $160-170 million and to save approximately $70 million through year-end 2001<<