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

To: Sawtooth who wrote (14028)	9/26/2001 6:46:51 PM
From: Bill Fischofer	Respond to of 15615

Yes, I believe current shareholders will benefit. GX is one of a handful of companies whose business volume has increased post-WTC (see, for example, the 9/21 announcement of the expanded contract with the UK government). They just declared a preferred cash dividend on 9/18. If there was any concern about cash or cashflow suspending that dividend would be the first clue. The impact of the EXDS bankruptcy has long since been "factored in" and the selling here seems driven by emotion more than anything else.