Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tech101 who wrote (510)	2/7/2002 4:22:36 AM
From: Maurice Winn	Respond to of 586

This all looks good: <So what happened to Global Crossing? Its plan was to construct a worldwide fiber optic network to provide managed broadband services to global enterprises and carriers. This high-capacity IP network would enable Global Crossing to offer managed <IP services, Internet access, data, and voice services> to telecommunications carriers and business customers on a cost-effective basis. After more than four years of construction and billions of dollars of spending, the network is now 85 percent complete, with about 100,000 miles of cable installed throughout the world. Global Crossing installed 75,000 miles itself and acquired the remaining 25,000 miles through acquisitions. The company’s crowning glory is the 13,200-mile subsea transatlantic cable network that connects the U.S. to Europe. It also has laid 20,000 miles of terrestrial cable across North America; 11,000 miles across continental Europe, and another 13,000 miles under the Pacific to connect the U.S. to Asia, plus many other routes in Central and South America. Except for the East Asia Crossing Phase II, all the segments are finished and in service. East Asia Phase II -- which spans from Japan to Malaysia, the Philippines, and Singapore -- is expected to be fully complete in the first quarter of 2002.> IP services, Internet access and voice connections are popular and increasingly so. But the price per megabyte for data and per minute for voice has been too high. Now, prices can be cut to what the market will bear. Then we can all have realtime PacketVideo and other services running day and night without exceeding our personal hourly rate [which is our willingness to spend a marginal dollar = rich people have an hourly rate of $1000 an hour. Some feel comfortable with $100 an hour. Americans are good for $10 an hour well into the population bell curve. Indians need it much cheaper [$1 an hour is expensive in India for most people and 10c a hour is all a standard deviation of Indians can justify. Getting people gawping and yakking to their heart's content means making it cheap. We have the capacity sitting under the oceans and across continents, so let's use it and sell multibillions of megabyte transport. 100,000 miles of complete and in-operation fibre is a lot of fibre. What a great asset sitting there underused encircling the world. No wonder Singapore wants to keep it going and make money from it. This is better than the 7 wonders of the world combined [just a bunch of rocks and stuff stacked up]. Mqurice