NEXTLINK - Charttechnisches Sahnestück, Strong buy ratings - 500 Beiträge pro Seite

[Mokuci]

Chart:
http://chart.bigcharts.com/marketwatch/charting/chart.asp?sy…

Info:
http://mktnews.nasdaq.com/newsv2/storyone.asp?usymbol=NXLK&s…

Ratings:
http://a676.g.akamaitech.net/f/676/838/1h/earnings.nasdaq.co…


MfG, Mokuci

[Mokuci]

Die Ratings haben sich bereits wieder geändet.

Hier die aktuellsten inkl. Analysten:http://earnings.nasdaq-amex.com/earnings/analyst_recommendat…


Wer hat eine Meinung?


MfG, Mokuci

[smuffo]

Nach dem optimistischen Artikel unter http://www.wallstreetonline.de//news/snapshot/ws/news/mseg.1…
sehe ich eine freundliche Zukunft auch für Nextlink. Seit der Tickernamenummeldung von NXLK auf XOXO, was mir völlig verborgen
bleibt was sowas bringt, ausser haufenweise nicht mehr funktionierender Charts, ist diese Aktie auch volatiler geworden.

Ich bin schon etwas länger Aktionär diesen Unternehmens und sehe nun endlich wieder Hoffnung Kurs auf alte Höchststände zu nehmen.

Wer teilt diese Meinung, wer kennt Nextlink noch? Warum wird über Nextlink so wenig diskutiert hier? Bei Tagesumsätzen an der Nasdaq
von durchschnittlich über 2Mio Stück dürfte es auch kein völlig unbekanntes Unternehmen sein!

MfG Smuffo

[mamali]

hallo H.
schon lange keine guten tips mehr von dir bekommen.
was ist los? wo steckst du? warum meldest du dich nicht?
lass was von dir hören.

[Tomka3210]

Habe euch mal eingestellt was ich noch zu XO/Nextlink hatte,
ist zwar nicht top aktuell aber besser wie nix. Ich habe meine
jedenfalls noch als Concentric gekauft und lasse Sie erst
mal liegen. (Quelle ist Reuters)

gruss



04/12 22:04 TRADE IDEA-Buy XO Communications` bonds - Chase
NEW YORK, Dec 4 (Reuters) - XO Communications Inc.`s
<XOXO.O> bonds are worth buying at current levels because the
company will be a long-term survivor in the pressure-riven
telecommunications industry, Chase Securities Inc. said in a
report dated Monday.
The report follows Reston, Va.-based XO`s announcement on
November 28 that it is cutting the price of an agreement to buy
European network capacity from Broomfield, Colo.-based Level 3
Communications Inc. <LVLT.O> by 47 percent to $163 million from
$306 million.
In exchange for the cut, XO, which was formerly known as
NEXTLINK/Concentric, will receive fewer European network
facilities.
"This announcement by XO highlights the fact that even the
best telecom carriers are under pressure to conserve capital in
the current market environment," Chase wrote.
"We continue to view XO as one of the long-term survivors,
and believe that at current levels it represents a compelling
investment opportunity," it added. "We expect more telecom
companies to make similar announcements in the future, as they
aim to reduce spending initiatives and conserve capital (amid
the current liquidity concerns plaguing the sector), even at
the expense of potential growth opportunities."
XO, which estimates it is currently funded to the fourth
quarter of 2001, said it is not buying an extra intercity
conduit from Level 3 or a metropolitan fiber conduit in London,
Chase wrote, adding that XO said it is also buying fewer fibers
in Paris, and reducing its rights for future European network
construction by Level 3.
Analysts said the costs to roll out the Euroepan service
may be higher than expected.
Chase wrote that the expansion should add $50 million in
incremental EBITDA (earnings before interest, taxes,
depreciation and amortization) losses to XO`s balance sheets in
2001. At the end of the third quarter, XO had about $2.7
billion of unrestricted cash and short-term investments, plus
$625 million available under credit lines, it wrote.
Chase said XO`s 10.75 percent senior notes maturing in 2009
were recently offered at a price of 67.5. That corresponds to a
yield to maturity of 1300 basis points more than Treasuries, or
about 18.48 percent.
(( Jonathan Stempel, U.S. Financial Markets Desk, (212)
859-1662, jon.stempel§reuters.com ))

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25/09 20:16 UPDATE 1-Nextlink up following earnings forecast
(recasts, adds details in paragraphs 3-8)
NEW YORK, Sept 25 (Reuters) - Shares of XO Communications
Inc. <NXLK.O>, formerly known as Nextlink Communications Inc.,
jumped more than 14 percent on Monday after the high-speed
telecommunications company said it would meet or beat Wall
Street earnings forecasts for the third quarter.
Analysts on average expect XO to post a loss of $1.04 a
share for the quarter, according to research firm First
Call/Thomson Financial.
Shares of XO were up $4-1/8, or nearly 15 percent, to $32
in afternoon trade on the Nasdaq stock market. The company will
begin trading under the new stock symbol "XOXO" <XOXO.O> on
Tuesday.
XO also introduced a new, flat-rate pricing plan for
packages of local and long-distance telephone services,
Internet access and Web hosting services, designed for small
and medium-sized businesses. The specific terms of the pricing
plans were not immediately available.
For XO customers, "it makes no difference if they are
communicating across the street or across the United States, or
if they`re calling on the phone or sending data. It all arrives
at the same simple, predictable flat-rate price," XO Chairman
Dan Akerson.
Analysts said the new pricing plan should help boost XO`s
revenues, expand its customer base, and improve its margins.
Legg Mason reiterated a "strong buy" rating on the stock, one
market source said. The brokerage firm could not be immediately
reached for comment.
In January, McLean, Va.-based XO agreed to acquire
Concentric Network Corp. in a move to expand its data services,
including high-speed Digital Subscriber Line (DSL) Internet
access, running corporate Web sites and electronic commerce.
XO began its international expansion by agreeing to acquire
high-speed fiber-optic communications networks being built
throughout Europe.
((--Jessica Hall, New York newsroom 212-859-1729))

[Tomka3210]

Dieser Tread will irgendwie nicht ins laufen kommen.
Trotzdem...anbei was neues (Reuters)

08/01 16:26 Fitch rates XO Communications conv notes "CCC"
(Press release provided by Fitch)
NEW YORK, Jan 8 - Fitch has assigned a `CCC` rating to XO
Communications Inc.`s (XO) $450 million subordinated
convertible debt offering. The company`s B+` senior secured
rating and B` senior unsecured debt rating have been affirmed.
The Rating Outlook for this credit is Stable.
The new notes will be subordinate to existing and future
senior indebtedness and structurally subordinate to
subsidiaries` obligations. The notes are convertible into XO
common stock and have change of control provisions. The ratings
recognize the company`s experienced management team, attractive
international CLEC strategy, and valuable collection of assets.
Its data offering, the deployment of its LMDS spectrum and the
completion of the Level 3 network domestically and
internationally will enable the company to carry end-to-end
data and voice services by year-end 2001.
Its recent announcement of its bundled product exemplifies
the company`s ability to leverage its network, back office and
marketing team to differentiate itself from the majority of its
competitors. This facilities-based strategy gives the company
greater efficiencies as well as economic and quality control of
its product and service offerings. Fitch expects the company
will reach EBITDA breakeven in 2002 and will have a more
attractive, strategic collection of assets at that time. Fitch
believes management has placed a significant emphasis on
achieving its EBITDA goal, and would consider the capacity
within its current rating level before making acquisitions
and/or investments.
The new debt offering funds XO into 2002, but the company
will need a significant sum of capital before it begins to
generate free cash flow, which Fitch believes will occur in
2004. Fitch expects XO to issue equal amounts of debt and
equity to fund its capital program. Positively, after 2001, its
capital expenditures relate less to fixed infrastructure, and
XO has had great success raising capital in the past. However,
the risk remains that the company cannot access capital to
profitably fund its business plan.
Over the past 12 months, the company has successfully
launched new markets, increased the revenue generated over its
network, improved its gross margins and sequentially decreased
its SG&A expense as a percentage of revenues to 80 percent at
third-quarter 2000. Accounts receivable as a percentage of
revenue continues to hover around 25-30 percent; however, Fitch
expects this to decrease as its operational support system
(OSS) is updated and it establishes electronic bonding
agreements with all of the Incumbent Local Exchange Carriers
(ILEC). The new OSS, which should be completed at the end of
first-quarter 2001, will also support its international
operations. A well designed, scaleable OSS is critical to
successful operation and growth. Delays, implementation issues
and cost overruns are risk factors and will be closely
monitored.
XO provides facilities-based communications services
primarily to small-to-medium sized business customers with
typically less than 50 lines. Specifically, XO provides local
exchange service (dedicated and switched), web hosting,
Internet access and other enhanced communications services. The
company is the largest holder of 28 MHz LMDS spectrum in North
America, with licenses covering 95 percent of the population in
the top 50 cities in the United States and Canada.

[Bernardo]

Aktuelles Unternehmensporträt zu XO Communication unter
www.us-market.de/Aktien.html

[beovoxx]

Hab` ich ja nach langem Suchen doch noch was gefunden. Nicht gerade der meistdiskutierteste Titel.

Habe gerade `n bisschen Zeit u. Langeweile u. muss mal wieder die Tasten schwingen.

Habe XO zwar nicht, aber was ja nicht ist, kann ja noch werden.

Weiss auch nicht, ob das jetzt sooo interessant ist.

Jedenfalls habe ich in so`nem Börsenbrief gelesen,

Reisserische Überschrift:
Ausverkaufskurse eines der weltbesten Telekomtitel der Welt.

...dass, da diejenigen Konzerne mit dem grössten finanziellen Standvermögen überleben werden, XO einer der Gewinner im Preiswettbewerb sein könnte, da sie Barreserven von 3,1Mrd.$ haben und diese ausreichen, um notwendige Investitionen zu tätigen, bis ein posit. Cashflow erreicht ist.

...XO dieses Jahr noch Übernahmen durchführt. Ein Gerücht ist die Übernahme der in Insolvenz gegangenen NorthPoint Comm.

...dass McCaw unlängst den grössten Insiderkauf der Geschichte von XO tätigte. Und zwar 600.000 Aktien für fast 9 Mio US$ zu Kursen alle um die 14,5$.

...dass sich der XO-Kurs dieses Jahr noch auf 40$ erholen wird u. nächstes Jahr weitere Höchststände erreicht wird.Zu der Zeit war der Kurs aber noch bei 16$

Frohe Ostern, vielleicht liest das ja noch jmd. vor Weihnachten, bei diesem regen Interesse.

[Eurit]

Auf 40$ glaube ich nicht das sich die Aktie dieses Jahr entwickelt. Sie zieht jedenfalls derzeit an. Leider kam Sie heute wegen der Gewinnmitnahmen stark unter die Räder und fiel von 5,2 auf 4,3 Euro. Kurzfristig hatte Sie schon 6,5 Euro überschritten.

Bei einem Preis von derzeit ca. 4 Euro finde ich ist die Aktie ein echtes Schnäppchen mit mindestens 100 - 200% Gewinnmöglichkeit 2001. Auch wenn die nächstes Jahr noch miese machen.

Die Gesellschaft ist im Gegensatz zu den meisten Telekomunikationsunternehmen sehr gut aufgestellt. Mit einigen Milliarden Cash hönnen die locker noch einige Zeit durchhalten.

Da viele Telekomunikationsunternehmen im letzten Jahr 90 - 95 % abgestraft wurden haben die jetzt ein enormes Potential nach oben. Die meisten Analysten haben den Wert auf Strong buy ( 11 ) 8 auf buy und keiner auf Verkaufen eingestuft.

Ich fahre jedenfalls mit dem Zug nach Norden und der fährt 100 prozentig.

Während einige auf Zockerwerten rumsitzen ist unser Risiko sehr gering.

Also dann, gute Geschäfte.

Eurit

[Geldmacher43]

hi

du bist nicht alleine hier

habe vor zwei tagen 255 STK gekauft

ich lasse mich mal überraschen, bei dem kurs, kann es nur noch aufwerts gehen. Kurz fristige rückschläge nehme ich in kauf

Kalle

[beovoxx]

In Amiland sind sie nach den Zahlen heute erstmal wieder 12% (3,79$) abgerutscht, obwohl sie glaub` ich knapp über den erwartungen lagen.

[Watcher42]

Die Tendenz zeigt ganz klar nach Norden.

Starke Schwankungen sind aber zu beachten.

Meiner Meinung nach mindestens 100 % in den nächsten 8 Wochen, wenn die Nasdaq nicht einigermassen konstant bleibt.

Deshalb halte ich konstant mindestens 400 Stk.

[beovoxx]

Sieht so aus, als sei der Boden gefunden.
Der Kurs läuft derzeit seitwärts.
Analystenziele liegen alle so um die 10-11$.

[Amiral]

Hallo xoxo Fans,
würde mich freuen wenn mehr Nachrichten ins Board gestellt würden.
Was haltet Ihr von Xoxo? Tchüss Amiral.

[IchbinderGilb]

Hy Amiral, ich sehe in XOXO noch eine grosse Zukunft, wenn sich der Markt erholt hat.

Aber viele haben den Wert in Deutschland noch nicht entdeckt. In USA stets grosses Handelsvolumen.

Habe sogar den ersten Thread unter "XOXO" aufgemachtThread: ### XO Communications ###. Bloss keinen interessiert`s
Dachte erst hier gibt`s Null über diese Aktie, bis ich erfuhr, dass unter dem alten Namen "Nextlink" etwas steht, aber viel ist es auch nicht.

[Amiral]

Hi ,danke für deine Antwort (ichbinderGilb)ich denke auch das xoxo eine grosse Zukunft hat,zumindest wird dieser Branche das grösste Wachstum vorhergesagt ob es so ist weiss ich nicht .Jedenfalls steigen wohl Mitte nächster Woche die kurse da A.Greenspan die Zinsen senken wird.
Die bodenbildung bei xoxo ist im moment noch nicht ganz abgeschlossen,aber bald geht es gegen Norden.
Bis bald ibdG Und Tschüss Amiral.

[Watcher42]

Ich denke das es langsam an der Zeit ist das der Markt nach Norden abzieht.

Ansonsten glaube ich schon das die Bodenbildung erreicht ist. Wenn der gute A.Greenspan die Zinsen aber nicht wie erwartet senkt, was ist dann los ? Wieder ab nach Süden oder allgemeine Verunsicherung ?`

Was meint Ihr ?

mfg. Watcher

[Amiral]

Hallo Watcher42,
was hälst du den so von Nextlink oder XOXO wann würde es sich lohnen einzusteigen? die Seitwärtsbewegung ist noch lange nicht abgeschlossen obwohl die Chart zum Kauf einlädt.
Wäre dankbar ein paar Meinungen zu dieser anscheinend uninteressanten Aktie zu hören.
Tchüss Amiral.

[IchbinderGilb]

Uninteressant nur bei uns, wie ich schon sagte:
In USA werden die regelmässig mehr gehandelt als z.B. Apple.

Die Zeit der Telekom-Titel wird auch wieder kommen.
Dann wird ausgemustert und man wird auf XO kommen.
Irgendwie mir auch Recht, kann immer noch billigst nachkaufen. Diese Kurse werden wir best. nicht mehr lange sehen. Und ausserdem glaube ich nicht, dass es noch tiefer geht.

Übrigens glaube ich nicht, dass XO der Kandidat von C&W ist.

[Watcher42]

@ Amirial

Preise um 4 Euro sind bestimmt nicht schlecht. Es wird meiner Meinung nach aber noch ein Geduldspiel sein bis Telekomunikationsaktien wieder anziehen. DAnn wird man aber solche Preise nicht mehr sehen und schnell mindestens 10 Euro erreicht werden.

Mein Kursziel in den nächsten 2 Jahren liegt schon bei 10 - 20 Euro, wenn nicht noch mehr. Sollte der Kurs wesendlich unter 4 Euro rutschen, nachkaufen, nicht verkaufen. Ihren Boden haben die sicherlich gefunden.

Schon ein leichtes Anziehen der Nasdaq lies den Kurs bislang jedesmal wieder anziehen. Wo es schnell runter geht, geht es auch schnell wieder rauf.

Ich hoffe das sich meine Prognose erfüllt und wir einige hundert Prozent machen können.

mfg Watcher

[Amiral]

Hallo Watcher42,
hast du gelesen das sich die BT für Unternehmen in USA umschaut auf dem Zettel soll auch XO stehen.
Die Aktionäre von BT haben grünes Licht für einen Zukauf gegeben da sie etwa 3 Milliarden £ in der Kriegskasse haben.
Tschüss und danke für deine Antwort.

[IchbinderGilb]

@Amiral:

Meinst Du nicht Cable&Wireless?

17.05. 12:48
Übernahmekandidaten von Cable & Wireless
--------------------------------------------------------------------------------

Nachdem Cable & Wireless die Übernahme von Digital Island am Montag für $340 Mio bekannt gab, streckt das Unternehmen nun lt. CEO Graham Wallace die Fühler nach einem Competitive Local Exchange Carrier (CLEC) aus, der C&W`s Langstreckenservices vervollständigen würde. Zu den Übernahmekandidaten gehören lt. Financial Times die Unternehmen XO Communications, Time Warner Telecom, McLeod oder auch Adelphia.

C&W hat u.a. durch den Verkauf von Assets Milliarden eingenommen, die nun wieder investiert werden sollen. Einen Teil des Geldes beabsichtigt C&W auch in ein Aktienrückkauf Programm zu investieren.

[Amiral]

Hallo ichbindergilb,
sorry du hast natürlich Recht es ist C&W.
Der Start Heute von XO ist ja ganz gut.
Tschau Amiral.

[Geldmacher43]

Hallo freunde der XO comm.... aktie


stand 20:55 ist die aktie auf 6.02% gestiegen

ist doch nicht schlecht

[Watcher42]

Leute, ic habe aktuelle Infos auf der Website Nadaq.com ( XOXO "Real Time Fillings" gefunden. Leider ist das Englisch etwas zu schwer für mich. Kann einer von euch etwas damit anfangen was damit gemeint ist.

Hier nur ein Auszug. XO will anscheinend die Aktienanteile ändern oder übertragen. Wie ist das gemeint ?

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



SCHEDULE TO
(Rule 13e-4)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) or 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934



XO COMMUNICATIONS, INC.
(Name of Subject Company (Issuer) and Filing Person (Offeror))



Options to Purchase Class A Common Stock, Par Value $.02 Per Share,
Having an Exercise Price Per Share of $10.00 or More
and Options to Purchase Class A Common Stock, Par Value $.02 Per Share
Granted On or After December 26, 2000
(Title of Class of Securities)

983764101
(CUSIP Number of Class of Securities)
(Underlying Class A Common Stock)

Gary D. Begeman, Esq.
Senior Vice President, General Counsel and Secretary
XO Communications, Inc.
11111 Sunset Hills Road
Reston, Virginia 20190
[phone]
(Name, address and telephone number of person authorized to receive notices and
communications on behalf of filing person)



Copy to:
Bruce R. Kraus, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, New York 10019
[phone]



CALCULATION OF FILING FEE







Transaction valuation*
Amount of filing fee


$
45,216,377


$
9,043



*
Calculated solely for purposes of determining the filing fee. This amount assumes that options to purchase 49,148,236 shares of class A common stock of XO
Communications, Inc. having an aggregate value of $45,216,377 as of May 9, 2001 will be exchanged pursuant to this offer. The aggregate value of such options
was calculated based on the Black-Scholes option pricing model. The amount of the filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange
Act of 1934, as amended, equals 1/50th of one percent of the value of the transaction.





Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the
previous filing by registration statement number, or the Form or Schedule and the date of its filing.








Amount Previously Paid:

Not applicable

Filing party:

Not applicable
Form or Registration No.:

Not applicable

Date filed:

Not applicable



Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.


Check the appropriate boxes below to designate any transactions to which the statement relates:

third party tender offer subject to Rule 14d-1.

issuer tender offer subject to Rule 13e-4.

going-private transaction subject to Rule 13e-3.

amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer.





Item 1. Summary Term Sheet.

The information set forth under “Summary Term Sheet” in the Offer to Exchange, dated May 29, 2001 (the “Offer to Exchange”), attached
hereto as Exhibit (a)(1), is incorporated herein by reference.

Item 2. Subject Company Information.

(a) The name of the issuer is XO Communications, Inc., a Delaware corporation (the “Company”), the address of its principal executive offices
is 11111 Sunset Hills Road, Reston, Virginia, 20190, the telephone number of its principal executive offices is [phone]. The information
set forth in the Offer to Exchange under Section 9 (“Information Concerning XO Communications, Inc.”) is incorporated herein by reference.

(b) This Tender Offer Statement on Schedule TO relates to an offer by the Company to exchange certain outstanding options to purchase shares
of the Company’s class A common stock, par value $.02 per share (the “Common Stock”), granted under the option plans set forth below for
new options (the “New Options”) to purchase shares of the Common Stock to be granted under such option plans, upon the terms and subject to
the conditions described in the Offer to Exchange and the related cover letter and Letter of Transmittal (the “Letter of Transmittal”) and, together
with the related cover letter and Offer to Exchange, as they may be amended from time to time, the “Offer”), attached hereto as Exhibit (a)(2).
The options subject to this Offer include (i) all options to purchase shares of Common Stock (A) granted to persons who have been active U.S.
employees of the Company or one of its U.S. subsidiaries continuously since March 18, 2001 having an exercise price per share of $10.00 or
more and outstanding under one of the stock option plans listed below and (B) other options outstanding having an exercise price per share of
$10.00 or more held by certain individuals previously notified by the Company of their eligibility to participate in the Offer, and (ii) to the extent
that an option holder tenders for exchange one or more eligible options described in clause (i), all outstanding options to purchase shares of the
Common Stock that were granted to such holder during the six-month period immediately preceding the expiration of the Offer regardless of
whether the applicable exercise price per share is more or less than $10.00 (collectively, the “Options”). The stock option plans under which the
New Options will be granted are as follows:


(i)
the XO Communications, Inc. Stock Option Plan, as last amended on February 16, 2001 (the “XO Option Plan”);


(ii)
the Concentric Network Corporation 1995 Stock Incentive Plan for Employees and Consultants (the “1995 Concentric Plan”);


(iii)
the Concentric Network Corporation Amended and Restated 1996 Stock Plan (the “1996 Concentric Plan”);


(iv)
the Delta Internet Services, Inc. 1996 Stock Option Plan (the “Delta Plan”);


(v)
the Concentric Network Corporation Amended and Restated 1997 Stock Option Plan (the “1997 Concentric Plan”); and



(vi)
the Concentric Network Corporation 1999 Nonstatutory Stock Option Plan (the “1999 Concentric Plan” and, together with the XO
Option Plan, the 1995 Concentric Plan, the 1996 Concentric Plan, the Delta Plan and the 1997 Concentric Plan, the “Option Plans”).


The number of shares of Common Stock subject to the New Options will be equal to eighty-five percent of the number of shares of Common
Stock subject to the Options that are accepted for exchange and canceled. Any fractional shares will be rounded upward to the nearest whole
share. The information set forth in the Offer to Exchange under “Summary Term Sheet,” “Introduction,” Section 1 (“Number of Options;
Expiration Date”), Section 5 (“Acceptance of Options for Exchange and Issuance of New Options”) and Section 8 (“Source and Amount of
Consideration; Terms of New Options”) is incorporated herein by reference.

(c) The information set forth in the Offer to Exchange under Section 7 (“Price Range of Common Stock Underlying the Options”) is incorporated
herein by reference.

Item 3. Identity and Background of Filing Person.

(a) The information set forth under Item 2(a) above is incorporated herein by reference.



Item 4. Terms of the Transaction.

(a) The information set forth in the Offer to Exchange under “Summary Term Sheet,” “Introduction,” Section 1 (“Number of Options; Expiration
Date”), Section 3 (“Procedures for Tendering Options”), Section 4 (“Withdrawal Rights”), Section 5 (“Acceptance of Options for Exchange and
Issuance of New Options”), Section 6 (“Conditions of the Offer”), Section 8 (“Source and Amount of Consideration; Terms of New Options”),
Section 11 (“Status of Options Acquired by Us in the Offer; Accounting Consequences of the Offer”), Section 12 (“Legal Matters; Regulatory
Approvals”), Section 13 (“Material U.S. Federal Income Tax Consequences”) and Section 14 (“Extension of Offer; Termination; Amendment”)
is incorporated herein by reference.

(b) The information set forth in the Offer to Exchange under Section 10 (“Interests of Directors and Officers; Transactions and Arrangements
Concerning the Options”) is incorporated herein by reference.

Item 5. Past Contacts, Transactions, Negotiations and Arrangements.

(e) The information set forth in the Offer to Exchange under Section 10 (“Interests of Directors and Officers; Transactions and Arrangements
Concerning the Options”) is incorporated herein by reference.

Item 6. Purposes of the Transaction and Plans or Proposals.

(a) The information set forth in the Offer to Exchange under Section 2 (“Purpose of the Offer”) is incorporated herein by reference.

(b) The information set forth in the Offer to Exchange under Section 5 (“Acceptance of Options for Exchange and Issuance of New Options”)
and Section 11 (“Status of Options Acquired by Us in the Offer; Accounting Consequences of the Offer”) is incorporated herein by reference.

(c) The information set forth in the Offer to Exchange under Section 2 (“Purpose of the Offer”) is incorporated herein by reference.

Item 7. Source and Amount of Funds or Other Consideration.

(a) The information set forth in the Offer to Exchange under Section 8 (“Source and Amount of Consideration; Terms of New Options”) and
Section 15 (“Fees and Expenses”) is incorporated herein by reference.

(b) The information set forth in the Offer to Exchange under Section 6 (“Conditions of the Offer”) is incorporated herein by reference.

(d) Not applicable.

Item 8. Interest in Securities of the Subject Company.

(a) Not applicable.

(b) The information set forth in the Offer to Exchange under Section 10 (“Interests of Directors and Officers; Transactions and Arrangements
Concerning the Options”) is incorporated herein by reference.

Item 9. Person/ Assets, Retained, Employed, Compensated or Used.

(a) Not applicable.

Item 10. Financial Statements.

(a) Not applicable.

Item 11. Additional Information.

(a) The information set forth in the Offer to Exchange under Section 10 (“Interests of Directors and Officers; Transactions and Arrangements
Concerning the Options” and “Legal Matters; Regulatory Approvals”) is incorporated herein by reference.

(b) Not applicable.

2



Item 12. Exhibits.

(a) (1) Offer to Exchange, dated May 29, 2001.

(2) Form of Letter of Transmittal.

(3) E-mail from Daniel F. Akerson and Nathaniel A. Davis to Employees, dated May 29, 2001.

(4) Fact Sheet from XO’s Human Resources Department to Employees.

(5) Letter to Offerees, dated May 29, 2001.

(6) Form of Notice of Change in Election From Accept to Reject.

(7) Form of Notice of Change in Election From Reject to Accept.

(8) Form of Letter to Tendering Option Holders.*

(9) Form of Checklist From XO’s Human Resources Department for Employees.

(10) XO Communications, Inc. Annual Report on Form 10-K for its fiscal year ended December 31, 2000, filed with the Securities and
Exchange Commission on April 2, 2001 and incorporated herein by reference.

(11) Current Report on Form 8-K, dated April 30, 2001 and filed with the Securities and Exchange Commission on April 30, 2001
reporting under Item 5, the agreement by Forstmann Little & Co. to make an additional investment in XO Communications, Inc. and
incorporated herein by reference.

(12) XO Communications, Inc. Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on May 1,
2001 and incorporated herein by reference.

(13) XO Communications, Inc. Quarterly Report on Form 10-Q for its fiscal quarter ended March 31, 2001, filed with the Securities and
Exchange Commission on May 15, 2001 and incorporated herein by reference.

(b) Not applicable.

(d) (1) XO Communications, Inc. Stock Option Plan (Incorporated herein by reference to exhibit 10.1.1 filed with the Quarterly Report on
Form 10-Q for the quarterly period ended June 30, 2000 of XO Communications, Inc. (f/k/a NEXTLINK Communications, Inc.) and XO
Capital, Inc. (f/k/a NEXTLINK Capital, Inc.)) (Commission File No. 000-2939).

(2) Concentric Network Corporation 1995 Stock Incentive Plan for Employees and Consultants (Incorporated herein by reference to
exhibit 10.4 filed with the Registration Statement on Form S-1 of Concentric Network Corporation (Commission File No. 333-27241)).

(3) Concentric Network Corporation Amended and Restated 1996 Stock Plan (Incorporated herein by reference to exhibit 10.5 filed with
the Registration Statement on Form S-1 of Concentric Network Corporation (Commission File No. 333-27241)).

(4) Delta Internet Services, Inc. 1996 Stock Option Plan (Incorporated herein by reference to exhibit 4.1 filed with the Registration
Statement on Form S-8 of Concentric Network Corporation (Commission File No. 333-58543)).

(5) Concentric Network Corporation Amended and Restated 1997 Stock Option Plan (Incorporated herein by reference to exhibit 10.6
filed with the Registration Statement on Form S-1 of Concentric Network Corporation (Commission File No. 333-27241)).

(6) Concentric Network Corporation 1999 Nonstatutory Stock Option Plan (Incorporated herein by reference to exhibit 10.50 filed with
the Annual Report on Form 10-KA for the year ended December 31, 1998 of Concentric Network Corporation).

(7) Form of New Option Agreement pursuant to the Option Plans.*

(g) Not applicable.

(h) Not applicable.

Item 13. Information Required by Schedule 13E-3.

(a) Not applicable.

*
To be filed by amendment


3



SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule TO is true, complete and
correct.


XO Communications, Inc.


/s/ GARY D. BEGEMAN



Gary D. Begeman, Esq.
Senior Vice President,
General Counsel and Secretary


Date: May 29, 2001

4



INDEX TO EXHIBITS



Exhibit
Number
Description


(a)(1)

Offer to Exchange, dated May 29, 2001.
(a)(2)

Form of Letter of Transmittal.
(a)(3)

E-mail from Daniel F. Akerson and Nathaniel A. Davis to Employees, dated May 29, 2001.
(a)(4)

Fact Sheet from XO’s Human Resources Department to Employees.
(a)(5)

Letter to Offerees, dated May 29, 2001.
(a)(6)

Form of Notice of Change in Election From Accept to Reject.
(a)(7)

Form of Notice of Change in Election From Reject to Accept.
(a)(8)

Form of Letter to Tendering Option Holders*.
(a)(9)

Form of Checklist From XO’s Human Resources Department for Employees.
(a)(10)

XO Communications, Inc. Annual Report on Form 10-K for its fiscal year ended December 31, 2000, filed with the Securities and
Exchange Commission on April 2, 2001 and incorporated herein by reference.
(a)(11)

Current Report on Form 8-K, dated April 30, 2001 and filed with the Securities and Exchange Commission on April 30, 2001 reporting
under Item 5, the agreement by Forstmann Little & Co. to make an additional investment in XO Communications, Inc. and incorporated
herein by reference.
(a)(12)

XO Communications, Inc. Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on May 1,
2001 and incorporated herein by reference.
(a)(13)

XO Communications, Inc. Quarterly Report on Form 10-Q for its fiscal quarter ended March 31, 2001, filed with the Securities and
Exchange Commission on May 15, 2001 and incorporated herein by reference.
(d)(1)

XO Communications, Inc. Stock Option Plan (Incorporated herein by reference to exhibit 10.1.1 filed with the Quarterly Report on
Form 10-Q for the quarterly period ended June 30, 2000 of XO Communications, Inc. (f/k/a NEXTLINK Communications, Inc.) and XO
Capital, Inc. (f/k/a NEXTLINK Capital, Inc.))(Commission File No. 000-22939).
(d)(2)

Concentric Network Corporation 1995 Stock Incentive Plan for Employees and Consultants (Incorporated herein by reference to
exhibit 10.4 filed with the Registration Statement on Form S-1 of Concentric Network Corporation (Commission File No. 333-27241)).
(d)(3)

Concentric Network Corporation Amended and Restated 1996 Stock Plan (Incorporated herein by reference to exhibit 10.5 filed with
the Registration Statement on Form S-1 of Concentric Network Corporation (Commission File No. 333-27241)).
(d)(4)

Delta Internet Services, Inc. 1996 Stock Option Plan (Incorporated herein by reference to exhibit 4.1 filed with the Registration
Statement on Form S-8 of Concentric Network Corporation (Commission File No. 333-58543)).
(d)(5)

Concentric Network Corporation Amended and Restated 1997 Stock Option Plan (Incorporated herein by reference to exhibit 10.6 filed
with the Registration Statement on Form S-1 of Concentric Network Corporation (Commission File No. 333-27241)).
(d)(6)

Concentric Network Corporation 1999 Nonstatutory Stock Option Plan (Incorporated herein by reference to exhibit 10.50 filed with the
Annual Report on Form 10-KA for the year ended December 31, 1998 of Concentric Network Corporation).
(d)(7)

Form of New Option Agreement pursuant to Option Plans*.


*
To be filed by amendment

es geht noch weiter auf

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[Watcher42]

Hier noch ein paar Zahlen vom 1 Quatral 01

( nur ein Teil, Datei war mir zu groß )- Komplettinfo bei www.Nasdaq.com (XOXO)

Comparison of Financial Results

Revenue. Revenue in the first quarter of 2001 increased 162.0% to $277.3 million from $105.8 million in the first quarter of 2000. This increase was
primarily due to the increase in our overall number of customers and continued penetration into existing markets. Our customer base grew 83.1% from 50,085
customers at March 31, 2000 to 91,722 at March 31, 2001. We expect the number of customers to increase during the remainder of 2001 as we launch services
in Minneapolis, Minnesota and Cincinnati, Ohio and penetrate further into existing markets. Also contributing to the revenue growth was a $213 increase in average
monthly revenue per customer from $728 per customer in the first quarter of 2000 to $941 per customer for the first quarter of 2001. We anticipate the trend of
increasing revenue per customer to continue in future periods as we continue targeting larger business customers by enhancing existing product lines and focusing on
broadening the base of service offerings with higher end services such as metro wavelength services, and managed firewall and virtual private network services.
Servicing these larger enterprises and consequently achieving growth in revenue per customer is dependent upon our ability to provide high bandwidth products and
services over our networks. Network traffic, as measured by voice grade equivalents, or VGEs, increased 345.5% from 3.3 million in the first quarter of 2000 to
14.9 million in the comparable period in 2001. A VGE is a revenue-generating digital broadband equivalent of 64 kilobits per second, the standard capacity of a
voice grade line, and measures the network utilization of both our voice and data services.

Revenue was derived from provision of the following services (dollars in thousands):





















Three Months Ended March 31,

% of Total
% of Total
2001
Revenue
2000
Revenue
% Change





Data services
$
142,209
51.3
%
$
27,749
26.2
%
412.5
%
Voice services
131,099
47.3
%
78,018
73.7
%
68.0
%
Other services
3,999
1.4
%
82
0.1
%
4776.8
%


Total revenue
$
277,307
$
105,849
162.0
%




Data services revenue in the first quarter of 2001 increased 412.5% to $142.2 million from $27.7 million in the first quarter of 2000. A primary contributor to
this growth was our migration from a voice-centric to a more data-centric business, facilitated in large part by our acquisition of Concentric and the integration of its
data products with our pre-existing services. In the first quarter of 2001, data revenue increased to 51.3% of total revenue from 26.2% of total revenue for the
comparable period in the preceding year. We expect data services revenue to continue to grow as a percentage of total revenue in future periods due to our
targeting of larger enterprise customers, the broadening of our available data products and our increasing emphasis on the sale of data products, which generally
yield higher margins than our voice products.

Voice services revenue in the first quarter of 2001 increased 68.0% to $131.1 million from $78.0 million in the first quarter of 2000. However, voice services
revenue decreased as a percentage of total revenue from 73.7% in the first quarter 2000 to 47.3% in the first quarter 2001. Voice services revenue includes
revenue from bundled local and long distance voice services, prepaid call processing, and other voice communications based services, including shared tenant
services, interactive voice response, or IVR, and stand-alone long distance services. We expect voice services revenue to continue to increase over future periods
as a result of anticipated growth in revenue from





continued penetration of existing markets, but to decrease as a percentage of total revenue as we expect growth in data services revenue to be higher than growth in
voice services.

Other services revenue in the first quarter of 2001 increased $3.9 million to $4.0 million from $0.1 million in the first quarter of 2000. Other services revenue
consists of “bundled” data and voice service offerings at a single fixed price and other services provided to our existing IP customers. The increase in other services
revenue is attributable to the addition of these bundled services, such as XOptions, to our product portfolio introduced in the second quarter of 2000. We anticipate
that revenue from bundled services will increase in future periods both in absolute amounts and as a percentage of our total revenue.

Costs and expenses. The table below provides expenses by classification and as a percentage of revenue (dollars in thousands):





















Three Months Ended March 31,

% of Total
% of Total
2001
Revenue
2000
Revenue
% Change





Costs and expenses:
Operating
$
176,543
63.7
%
$
76,021
71.8
%
132.2
%
SG&A
177,877
64.1
%
92,969
87.8
%
91.3
%
Stock-based compensation
9,311
3.4
%
8,985
8.5
%
3.6
%
Depreciation
95,186
34.3
%
40,383
38.2
%
135.7
%
Amortization
176,638
63.7
%
5,613
5.3
%
3046.9
%


Total
635,555
$
223,971
183.8
%




Operating. Operating expenses in the first quarter of 2001 increased 132.2% to $176.5 million from $76.0 million in the first quarter of 2000. Operating
expenses include telecommunications costs paid to third party providers for access and transport services. Operating expenses also include network operations and
engineering costs for network-related and enhanced communications services. Telecommunications costs accounted for 68% of the increase in operating expenses,
resulting primarily from the increased volumes in our switched local and long distance communication services and rapid expansion of our data services. Network
operations and engineering costs accounted for the remaining increase in operating expense. The increase in network operations and engineering costs was primarily
driven by increased headcount and related costs necessitated by the expansion of our network and service offerings. Operating expense as a percentage of revenue
decreased from 71.8% in the first quarter of 2000 to 63.7% in the comparable period of 2001. We expect our operating expenses, including our
telecommunications costs of service, to continue to increase in future periods in connection with our growth and expansion plans. We further expect operating
expenses to decrease as a percentage of revenue over time as our revenue grows and we continue to migrate from leased transport capacity to our facilities-based
networks and increase the number of our customers connected directly to those networks.

Selling, general and administrative. Selling, general and administrative, or SG&A, expenses in the first quarter of 2001 increased 91.3% to $177.9 million
from $93.0 million in the first quarter of 2000. SG&A expenses relate to sales and marketing, information systems, and general corporate office functions. A
majority of the increase is attributable to increased sales, customer support, and administrative headcount and related costs associated with the expansion of our
business. Marketing costs also increased $12.1 million due to costs associated with advertising and marketing campaigns to support our new product offerings and
brand awareness. SG&A expense decreased as a percentage of revenue from 87.8% in the first quarter of 2000 to 64.1% in the first quarter of 2001 due primarily
to our ability to support higher revenue growth with lower incremental costs. We expect to see a continued reduction of SG&A as a percentage of revenue due to
the anticipated growth in our revenue, cost savings resulting from the centralization of key functions, realization of synergies from the Concentric merger, and our
ongoing efforts to control these costs. We expect SG&A expenses to grow in absolute amounts due to the continued expansion of our business.

Stock-based compensation. Stock-based compensation in the first quarter of 2001 increased 3.6% to $9.3 million from $9.0 million in the first quarter of
2000. The increase in the first quarter of 2001 over the comparable period in the prior year resulted from an increase in compensation expense arising from the
amortization of additional stock option grants. Compensation expense is recognized over the vesting periods of compensatory stock options based on the excess of
the fair value of the common stock at the date of grant (determined by reference to the market price on that date) over the exercise price of the option.





Depreciation. Depreciation expense in the first quarter of 2001 increased 135.7% to $95.2 million from $40.4 million in the first quarter of 2000. The
increase was primarily attributable to the increase in network and technology assets. Our net property and equipment, which also reflects assets acquired from
Concentric in June 2000, increased 155.2% to $3,361.6 million in the first quarter of 2001 versus $1,317.3 million in the first quarter of 2000. In the first three
months of 2001, we had capital expenditures of $592.8 million versus $194.7 million in the comparable period of the preceding year. As we expand our networks
and install related equipment and other network technology, depreciation expense is expected to continue to increase.

Amortization. Amortization expense in the first quarter of 2001 increased $171.0 million to $176.6 million from $5.6 million in the first quarter of 2000.
Substantially all of the increase is attributable to the amortization of goodwill and other intangibles associated with our June 2000 acquisition of Concentric, which
are being amortized over periods of up to five years.

Interest income. Interest income in the first quarter of 2001 decreased 21.3% to $35.1 million from $44.6 million in the first quarter of 2000. The decrease
in interest income corresponds to the decrease in our average cash and investment balances.

Interest expense. Interest expense in the first quarter of 2001 increased 9.4% to $118.6 million from $108.4 million in the first quarter of 2000. The increase
in interest expense was primarily due to an increase in our average outstanding indebtedness over the respective periods resulting from our borrowings under our
senior secured credit facility during 2000 and 2001, the issuance of $517.5 million of 5 3/4% convertible subordinated notes in January 2001, and the assumption
of $150.0 million of debt in connection with our June 2000 acquisition of Concentric.

Net Loss. Net loss in the first quarter of 2001 increased $486.7 million to $443.5 million from net income of $43.2 million in the first quarter of 2000, due to
the foregoing factors. Additionally, the net income in the first quarter of 2000 reflects a $225.1 million net gain on the sale of an equity investment.

Other Operating Data

EBITDA, as defined by the Company, represents operating loss adjusted for stock-based compensation, depreciation, and amortization. The table below
summarizes EBITDA, both in amount and as a percentage of revenue (dollars in thousands):

















Three months Ended March 31,

2001
2000


% of Total
% of Total
Amount
Revenue
Amount
Revenue




EBITDA
$
(77,113
)
(27.8
%)
$
(63,141
)
(59.7
%)


EBITDA is not a generally accepted accounting principle measure but rather a measure employed by management to view operating results adjusted for major
non-cash items. EBITDA has been consistently improving as a percentage of revenue due to revenue growth and the decrease in operating and SG&A expenses as
a percentage of revenue as indicated above. In absolute dollars, our EBITDA loss has increased due to business expansion costs as discussed above.

Liquidity and Capital Resources

Our business is capital-intensive and, as such, has required and will continue to require substantial capital investment. We build high capacity networks with
broad market coverage, a strategy that initially increases our level of capital expenditures and operating losses and requires us to make a substantial portion of our
capital investments before we realize any revenue from them. These capital expenditures, together with the associated early operating expenses, will continue to
result in negative cash flow from operating and investing activities, unless and until we are able to establish an adequate customer base. We believe, however, that
over the long-term this strategy will enhance our financial performance by increasing the traffic flow over our networks.





Capital Uses

During the first three months of 2001, cash used in operating activities was $97.9 million compared to $59.3 million in the prior year. The increase in cash used
was due to increased operating losses and the timing of expenditures and customer receipts.

During the first three months of 2001, cash used in investing activities was $380.4 million, compared to $274.8 million used in the comparable period last year.
Our investment in property and equipment increased $398.1 million from $194.7 million in the first three months of 2000 to $592.8 million for the first three months
of 2001. In the first three months of 2000, we had proceeds from the sale of an equity investment of $189.1 million. Surplus cash is invested in available for sale
marketable securities, which are purchased and sold as our cash requirements permit. The increase in cash used in investing activities is offset by the timing of
purchases and sales of marketable securities during the periods. We expect that our business will continue to require substantial amounts of cash expenditures to
fund operations and capital expenditures in 2001 and beyond relating to our existing and planned network development and operations. These funds are expected
to relate to:


•

the purchase and installation of switches, routers, servers and other data-related equipment and related electronics in existing networks, for expansion of
existing networks and in networks to be constructed or acquired in new markets;

•

the purchase and installation of fiber optic cable and electronics to expand existing networks and develop new networks,

•

the development of our comprehensive information technology platform;

•

the purchase and installation of equipment associated with the deployment of fixed wireless services using our fixed wireless spectrum;

•

funding of the commitments to build and expand our North American metro and inter-city networks, our transatlantic capacity, and related expenses we
expect to incur in building these networks;

•

the purchase and installation of equipment associated with deployment of digital subscriber line, or DSL, and other data services;

•

the funding of operating losses and working capital; and

•

possible expenditures associated with market expansions and potential acquisitions of businesses or assets.


Capital Resources

5 3/4% Convertible Subordinated Notes . In January 2001, we completed the issuance and sale of $517.5 million of 5 3/4% convertible subordinated
notes due 2009 for proceeds, net of underwriting and other fees, totaling $503.3 million. Interest on the notes is payable on January 15 and July 15 of each year,
beginning on July 15, 2001. The notes are unsecured obligations and subordinated in right of payment to all other senior indebtedness and are convertible at the
option of the holders at any time prior to maturity into shares of Class A common stock at a conversion rate of 39.1484 shares per $1,000 principal amount of
notes, subject to adjustment upon the occurrence of certain events. We may terminate such conversion rights on or after January 18, 2003 if the current market
price of our Class A common stock equals or exceeds 150%, on or prior to January 18, 2004, or 135% thereafter, of the $25.5438 implied conversion price for
20 days in a 30 consecutive day trading period. The notes are not redeemable prior to their maturity date of January 15, 2009.

Secured Credit Facility. In February 2001, we borrowed the remaining $237.5 million of the term loan A under our senior secured credit facility, as
required under the terms of that facility. The Company and certain of its subsidiaries, as guarantors, entered into the $1.0 billion senior secured facility with various
lenders in February 2000. The facility is comprised of a $387.5 million senior secured multi-draw term loan A, a $225.0 million senior secured term loan B, and a
$387.5 million revolving credit facility. As of March 31, 2001, we had borrowed $612.5 million under the $1 billion facility consisting of the entire $387.5 million of
the term loan A and the entire $225.0 million of the term loan B. At March 31, 2001, no borrowings were outstanding on the $387.5 million revolving credit facility.

The term loan A and the revolving credit facility mature on December 31, 2006, and the term loan B matures on June 30, 2007. In each case, the maturity
dates are subject to acceleration to October 31, 2005 if we do not refinance the 12 1/2% Senior Notes due 2006 by April 15, 2005. Amounts drawn under the
revolving credit facility and the term loans bear interest, at the our option, at the alternate base rate, as defined, or reserve-adjusted London



Interbank Offered Rate (LIBOR) plus, in each case, applicable margins. As of March 31, 2001, the annualized weighted average interest rate applicable to the
Facility was 8.97%.

Private Equity Investment. In April 2001, several investment funds controlled by Forstmann Little & Co. agreed to invest $250.0 million in XO to provide
additional funding for general corporate purposes under our business plan. In exchange for the investment, we will issue 50.0 million shares of our Class A common
stock to Forstmann Little and amend the terms of the convertible preferred stock held by various Forstmann Little investment funds to reduce the share conversion
price from $31.625 to $17.00 per share. The transaction is subject to customary closing conditions and is expected to close by the end of June 2001. Once closed,
Forstmann Little’s total investment in XO will increase to $1.5 billion, representing a fully diluted ownership interest of approximately 22.4%.

Liquidity Assessment

As of March 31, 2001, giving effect to the planned $250.0 million investment by Forstmann Little, our available funding sources totaled $2,535.6 million,
including our cash and marketable securities balance of $1,898.1 million and $387.5 million of available borrowings under our senior secured credit facility. We
have made modifications to our previously announced capital plans to reflect reduced capital expenditures associated with the recent amendments to agreements
with Level 3 and changes in our domestic capital plans. These modifications significantly reduce future funding required to realize our business plan. There are three
major components to these revisions:


•

we have suspended our plans for European expansion,

•

we have postponed the lighting of much of our domestic inter-city long haul network and, for the time being, will lease inter-city wavelengths for most
segments of this network, and

•

we are reducing some plans for expansion in our metro networks.


Following these modifications to our capital plan, our estimate for our capital expenditures in 2001 is between $1,300 million and $1,500 million, reduced from
our original estimate of $1,900 million to $2,100 million. Our cash commitments for interest expense and preferred dividends in the year 2001 will be approximately
$430 million based on our existing capital structure and currently applicable interest rates. The remaining cash, together with funds generated in our operations, will
be available to fund debt service, other operating expenses and other capital requirements. Giving effect to the changes in our business plan, we estimate that the
proceeds of the new expected Forstmann Little investment, together with cash on hand, committed financing and funds generated in our operations, will be sufficient
to fund us into the first half of 2003. We will need and plan to raise additional funds to meet our liquidity needs for subsequent periods. We currently plan to do so
when market conditions permit us to raise capital on acceptable terms.

Forward-looking and Cautionary Statements

Some statements and information contained in this report are not historical facts, but are “forward-looking statements”, as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology such as “believes,” “expects,”
“plans,” “may,” “will,” “would,” “could,” “should,” or “anticipates” or the negative of these words or other variations of these words or other comparable words, or
by discussions of strategy that involve risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding:


•

product and service development, including the development and deployment of data products and services based on IP, Ethernet and other
technologies and strategies to expand our targeted customer base and broaden our sales channels;


•

market development, including the number and location of markets we expect to serve;


•

network development, including those with respect to IP network and facilities development and deployment, switches using next generation switching
technology, broadband fixed wireless technology, testing and installation, high speed technologies such as DSL, and matters relevant to our metro and
inter-city networks; and


•

liquidity and financial resources, including anticipated capital expenditures, funding of capital expenditures and anticipated levels of indebtedness.






All such forward-looking statements are qualified by the inherent risks and uncertainties surrounding expectations generally, and also may materially differ from
our actual experience involving any one or more of these matters and subject areas. The operation and results of our business also may be subject to the effect of
other risks and uncertainties in addition to the relevant qualifying factors identified in the above “Risk Factors” section of our Annual Report on Form 10-K for the
year ended December 31, 2000 filed with the Securities and Exchange Commission on April 2, 2001, including, but not limited to:


•

general economic conditions in the geographic areas that we are targeting for communications services;


•

the ability to achieve and maintain market penetration and average per customer revenue levels sufficient to provide financial viability to our business;


•

access to sufficient debt or equity capital to meet our operating and financing needs;


•

the quality and price of similar or comparable communications services offered or to be offered by our competitors; and


•

future telecommunications-related legislation or regulatory actions.


New Accounting Pronouncements

In June 1998, the Financial Accounting Standards Board issued SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities.” SFAS No.
133 establishes accounting and reporting standards requiring that every derivative instrument be recorded in the balance sheet as either an asset or liability measured
at its fair value. SFAS No. 133, as recently amended, is effective for fiscal years beginning after June 15, 2000. The Company has implemented SFAS No. 133 in
the first quarter of 2001 and it did not have a material effect on the Company’s financial position or results of operations.

Item 3. Quantitative and Qualitative Disclosure about Market Risk

We have financial obligations outstanding which expose us to interest rate risk including our redeemable preferred stock, senior notes, and bank credit facilities.
We do not have significant cash flow exposure to changing interest rates on the majority of our long-term debt and redeemable preferred stock because the interest
and dividend rates of those securities are fixed. However, the estimated fair values of the fixed-rate debt and redeemable preferred stock are subject to market risk.
We had $4,575.1 million in fixed rate debt, $612.5 million in variable rate debt and $2,122.6 million in fixed rate redeemable preferred stock as of March 31,
2001. We are not currently engaged in the use of off-balance sheet derivative financial instruments, including interest rate swap and collar agreements, to hedge or
partially hedge interest rate exposure arising from changes in interest rates.

We also maintain an investment portfolio consisting of U.S. government and other securities with an average maturity of less than one year. These securities are
classified as “available for sale.” If interest rates were to increase or decrease immediately, it could have a material, short-term impact on the fair value of these
financial instruments. However, changes in interest rates would not likely have a material impact on interest earned on our investment portfolio. We currently mitigate
our interest rate exposure on these investments by maintaining shorter maturity periods, and cycling the maturity dates for each investment over different periods
throughout the year.

There have been no material changes in our exposure to market risk since December 31, 2000.

[Watcher42]

War wohl etwas viel für den Anfang.

Hier etwas kürzer. Wie man hier sieht hat Forstmann Little & Co kürzlich weitere 250 Mio Dollar investiert.

Dem Kurs hat dies bislang allerdings nicht gut getan. Halte weiter zu diesem Wert. Wird vermutlich ohnehin erst 2002 was werden.



XO COMMUNICATIONS, INC.

11111 Sunset Hills Drive
Reston, Virginia 20190
Dear Stockholder,

I wanted to take a moment to personally inform you of a significant financing transaction that helps position XO to weather the conditions that have recently beset the financial markets generally and the telecommunications industry in particular. It is likely that by the time you receive this letter you will have already read about it in recent company press releases.

As you may know, over the past 16 months, affiliates of Forstmann Little & Co. have invested $1.25 billion in XO by purchasing shares of convertible preferred stock. I am pleased to inform you that, on April 25, 2001, we entered into an agreement with affiliates of Forstmann Little under which Forstmann Little agreed to invest an additional $250 million in XO. This additional investment will increase Forstmann Little’s total cash investments in XO to $1.5 billion. Upon completion of this most recent investment, they will own approximately 22.4% of our fully diluted common stock.

Under the agreement, Forstmann Little & Co. Equity Partnership VI, L.P. will purchase 50 million shares of our Class A common stock. To induce Forstmann Little to make this investment, and as part of the consideration for the investment, we will reduce the conversion price of the convertible preferred stock previously purchased by Forstmann Little from $31.625 to $17.00 per share. This reduction in the conversion price requires us to amend our certificate of incorporation.

Our board of directors, and three stockholders who collectively own shares of our common stock that represent more than 50% of the total voting power of our outstanding common stock, approved the amendment to our certificate of incorporation on April 25, 2001. Under Delaware law and the terms of our certificate of incorporation and bylaws, the consent of these stockholders is sufficient to approve the amendment. For this reason, we are not calling a meeting of stockholders to vote on the amendment. We Are Not Asking You for a Proxy, and You are Requested Not To Send Us a Proxy.

We are furnishing this information statement in order to provide you with important information about the amendment to our certificate of incorporation and the proposed investment by Forstmann Little. We intend to begin mailing it to all XO stockholders on or about May 14, 2001. Please read this document carefully. We appreciate your continued support.

May 14, 2001

[Amiral]

Alles was man machen kann ist eben abwarten.

[Khampan]

Hallo,

zwischendurch war mal wieder einer der besseren Tage von XO. Von 2,93 auf 3,08 $ (Nortel geht dagegen völlig in die Knie), dann schaun mer mal.
Ich sehe in Amiland fast täglich irgendwelche Neuigkeiten, die sich großartig anhören (letztes Verständnis fehlt mir, das muß ich zugeben) aber keine Auswirkungen auf den flachen Kursverlauf von XO zeigen.

Beispiele:

--------
17.5.01 - XO Communications and Akamai Announce Strategic Alliance

oder, eine in ihrer Wirkungslosigkeit frappierende Ankündigung einer Dividendenzahlung:

1.6.01 - XO Communications Announces Second Quarter Dividend
RESTON, Va., Jun 1, 2001 (BUSINESS WIRE) -- XO Communications, Inc. (XOXO), one of the world`s fastest growing providers of broadband communications services, announced today that it has declared a regular quarterly dividend on its 6 1/2 percent cumulative convertible preferred stock.

The dividend is payable in cash at a rate of $0.8125 per share owned. The dividend is payable on June 30, 2001 to shareholders of record as of June 15, 2001.

CONTACT: XO Communications Media and Industry Analysts Todd Wolfenbarger 703/547-2011 or 703/675-3496 or Financial Analysts Lisa Miles, 703/547-2440URL: http://www.businesswire.comToday`s News On The Net - Business Wire`s full file on the Internetwith Hyperlinks to your home page.

Copyright (C) 2001 Business Wire. All rights reserved.

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Frage zu dieser Dividende, an einen Experten der amerikanischen Terminologie:
was mag unter "6 1/2 percent cumulative convertible preferred stock" zu verstehen sein? Die normale Aktie (ca 3$) kann kaum gemeint sein, denn eine Quartals-Dividende von 0,8125$ : 3$ = 27% kann ich mir nicht vorstellen.
Bin gespannt, was am 30. Juni ins Haus flattert.

Bitte nicht auslachen, wenn die Frage zu blöd war, bin noch relativer Anfänger.

Gruß, Khampan

[Watcher42]

Leute schaut euch mal die Insiderkäufe an.

Forstmann:600 000 am 20.3.01/3.4.01
Cole Jos. 10 200 am 7.05.01
Raikes 100 000 am 15.2.01
Maccaw 29 500 am 9.2.01 und der hatte schon 560 000

http://www.nasdaq.com
XOXO
und dann Holdings Insider

wenn das mal kein gutes Zeichen ist.

Nachdem der Kurs wieder anzieht bin ich wieder eingestiegen.

Hier sind sicherlich ein paar Prozent zu machen.

mfg. Watcher

[Watcher42]

Top ?

Der Kurs fällt, der Insider kauft !

Forstmann 50 Mio Aktien !

Wenn Ihr mir nicht glaubt, schaut bei der Nasdaq nach.

Manche Insider kaufen wie die bekloppten !

Für 50 Mio reicht es nicht, für ein paar hundert schon.

Entscheidet selbst. Meiner Meinung nach kommen die Teleaktien auch wieder, wann ? weis ich nicht, aber die kommen und XO bestimmt auch.

Meine Meinung

mfg Watcher

[Watcher42]

Gibt nicht mehr viele die Investieren.

Ich bin keiner der Pusher die diverse Aktien treiben wollen. Auch wenn XO einiges in den Sand gesetzt hat, glauben dennoch einige Insider bzw. Vorstände an Ihre Firma, da Sie sonst wohl kaum nach der Forstmann Investition von 250 Mio Dollar tätigte selbst im Juni einige Hundert Tausend Aktien kauften.

Auch sind einige Investmentfirmen eingestiegen, nachdem ein Großinvestor 21 Mio Aktien bei 1,5$ verkaufte.

Der Kurs wird sicherlich wieder steigen.

Nur Geduld, dann klappts schon.

Ich möchte eigentlich nicht alleinunterhalten sein. Schreibt mal eure Meinung.

mfg Watcher

[marinegold]

Habe den Wert lange beobachtet und bin dann doch zum falschen Zeitpunkt eingestiegen. Bin reichlich zu einem Kurs von 3,25 investiert.... und habe nicht rechtzeitig verkauft. Momentan bleibt eigentlich wirklich nur - aussitzen, da ich mit z. B. auch mit Metromedia vertan - also ins fallende Messer gegriffen habe. Zittrige Hände habe zwischendurch mal gehabt, aber jetzt lasse ich die Aktien im Depot und warte. Dadurch ist es für mich auch ein wenig langweiliger geworden. Ich bin mir nicht sicher, ob ich jetzt größere Positionen in diesen Wert investieren würde. Momentan fehlen in der Branche die positiven Signale - finde ich.

[Geldmacher43]

Ich bin auch weit oben im kurs eingestiegen


also du bist nicht alleine hier

Aber Xo-Communication hat mit datum 24.7.01 einen
großauftrag mit Nextel bekanngegeben.

deswegen steigt die aktie zur zeit um 12%

freud euch ein bischen

wenn der markt wieder laufen tut, geht diese aktie auch hoch

[Watcher42]

Wenn man die Kurse so sieht könnte man bei vielen Kursen von einer Weltuntergangsstimmung sprechen.

Sicherlich geben die aktuellen Zahlen nicht gerade Anlaß an die Branche zu glauben. Teilweise sind die Investitionen riesig. Bei XO handelt es sich aber nicht gerade um ein kleines Unternehmen, da es trotz des geringen Kurses immer noch über eine Marktkapitalisierung von rund einer halben Milliarde Dallar handelt. Die Fäden zieht McCaw, ein Dollar Milliardär der AT&T groß gemacht hat und dann verkaufte. Trotz der Verluste soll XO noch über ca. 3,1 Mrd. US$ Cash für Investitionen verfügen. Nahezu alle Vorstände sind zuversichtlich das XO den Kampf nicht verlieren wird. Bis 2003 können die jedenfalls problemlos überleben.

Natürlich ist es für Unternehmen die derart investieren müssen eine Frage, wie lange Sie dies können. Wenn z.B. ein Fonds wie Putman oder so ähnlich 21 Mio anteile verkauft ist logisch das der Kurs fällt. Im Gegensatz zu Ihnen meine Herren habe ich immer einige Stücke nachgekauft und bin dadurch bei einer bei einem EK von 1,95 pro Aktie.

Ob sich meine Investition gelohnt hat werde ich in 2 - 3 Jahren sehen. hier einige Zeilen zur Aufmunderung

RealMoney.com

James J. Cramer, director and co-founder of TheStreet.com, believes that "if you invest in hope for the future, you can make or lose a fortune. If you invest in solid companies that periodically stumble," as he recommends doing, "you can live to play again." The company "is
still talking about growing revenue, new and better equipment and getting new funding," according to Cramer. "This is why I believe it is finished as a company, no matter what it says," he asserts.

Wie man sieht glaube ich fest daran, das die Telekommunikationsbranche wieder anspringt und einige Insider glauben auch daran sonst hätten Sie nicht wie z.B. McCaw 600 000 Stück oder Reikers 300 000 Forstman Theodore 600 000 Forstman Fond 50 Mio seit Anfang des Jahres gekauft.

Streng nach dem Sprichwort Kaufen wenn die Kanonnen donnern und verkaufen wenn die Violinen spielen.

Wir warten auf bessere Zeiten und hoffen, daß der Kurs in dieser Zeit nicht zu weit nach Süden abrutscht.

Es hat mich jedenfalls gefreut, das noch andere sich für XO interessieren.

mfg Watcher

[Norbs]

Hallo,ist noch Einer da,es geht nach Oben.....

[marinegold]

Ja, da wird einem unheimlich.
Ob das jetzt so weitergeht?