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

To: M. Charles Swope who wrote (202)	8/29/2001 9:44:22 PM
From: Theophile	Respond to of 586

Thanks for the investigation Charles. The irrational, often incorrect comments which pass as DD are part of the problem most of us face when dealing with online boards. pppppppp That was the kitty, she knows what those undocumented comments are worth......<g>. Much Obliged. Martin

To: M. Charles Swope who wrote (202)	8/29/2001 9:44:50 PM
From: BWAC	Respond to of 586

Following is the reply I received from GX Investor Relations concerning the value of GX's investment in Exodus: "... The value of Global Crossing's Exodus shares was marked down during the 2nd quarter 2001. This mark down is reflected within the 10-Q for the 2nd quarter of 2001. The Exodus shares were marked down to $223 million at June 30, 2001." Looks like another $100 million will have to be written off at the end of Q3. ------------------------------------ Lower of Cost or Market is the accounting principle. GX just writes it off more every quarter as the market drags EXDS down. Not much more to go.

To: M. Charles Swope who wrote (202)	8/30/2001 12:07:40 AM
From: jerrybuchanan66	Respond to of 586

Charles, after GX IR told me that yesterday, I finally found it under consolidated statements of comprehensive loss. Would this show up under "other deferred liabilities" on the balance sheet.The numbers don't quite correspond. I guess my question is; how are these numbers handled on the financials? Thanks anyone for the help. Jerry