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Global Crossing said third-quarter
results will fall far short of projections
because of a sharp decline in wholesale
access to the company`s fiber optic
cables, which connect major cities in
Asia, Europe and North America.

The carrier now expects to post cash
revenue of $1.2 billion and earnings
before interest, taxes, depreciation and
amortization of "significantly less than
$100 million."

Before the warning, Wall Street had
been expecting cash revenue of around
$1.6 billion and "ebitda," or operating
cash flow, of nearly $400 million.

At least one brokerage, Deutsche Banc
Alex. Brown, immediately cut its rating
on Global Crossing`s (GX: news, chart,
profile) stock, which closed at $2.09 on
Wednesday. Shares have sunk more
than 93 percent in the past year.
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yh…



Die ganze Branche sucht sehr mühsam einen Boden. Mehr als Ansätze hierzu sind
nicht vorhanden. Alle sind hoch verschuldet,was die Kursfantasie IMHO stark beeinträchtigt.

Ich würde mich bei dieser Branche derzeit nicht engagieren wollen.
 
aus der Diskussion: meinungen zu global crossing (gblx)
Autor (Datum des Eintrages): Kostolany4  (04.10.01 16:01:40)
Beitrag: 15 von 29 (ID:4563269)
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