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

To: Maurice Winn who wrote (391)	10/10/2001 12:25:03 AM
From: DWB	Respond to of 586

It's in the toilet, priced for bankruptcy.... we'll have to see how it plays out over the coming quarters. Looks really bad at the moment, but some of that is due to the dumping by institutions with S&P matching funds... funny that we never got a real boost when GX was added to the indexes, but we're sure getting clobbered now that they're being removed. DWB

To: Maurice Winn who wrote (391)	10/10/2001 12:59:54 PM
From: KyrosL	Read Replies (1) \| Respond to of 586

18 cents on the dollar. I am almost tempted.

To: Maurice Winn who wrote (391)	10/10/2001 5:21:47 PM
From: DWB	Read Replies (1) \| Respond to of 586

In retrospect, the thing that bugs me the most about all of this is the way in which management pissed away the value of their initial EXDS holdings after the GlobalCenter sale. Let's face it, if they had protected the value of those holdings with options back when the original deal was done, they'd have 4-5 billion dollars right now, and none of the doom and gloom would be an issue.... because they'd have plenty of liquidity to wait things out. Heck, we'd probably be seen as a net buyer of distressed assets at this point, instead of BEING one of the distressed assets.... But no, they failed to protect their shareholders, and pissed the entire value of those holdings away.... the fact that they could have easily protected those assets and should have protected those assets, but didn't protect those assets really makes me mad. Along the same lines, I hope management wakes up and sees the bargain levels their debt is selling at and figures out that a buyback would greatly improve the outlook for the company. I'd also like to see management buying the stock, but that's probably just a pipe dream... Winnick has enough sub $1 shares at the moment to tide him over for a while... DWB