User 106536

Global Crossing: Forgotten Wall Street Darling Now a Basement Bargain

This story leaves out alot of the "why" in how they overbuilt. It is worth nothing that Global Crossing was at the forefront of scandalous methods to manipulate their quarterly reports. They did not just "overbuild" capacity, they were a cause (and symptom) of the overbuilding and overinvestment frenzy. Its amazing they escaped the fate of more well known enron executives. The problem with investing in this company is that you dont know if you are investing in the fibre (which is truely valuable) or the management. They've already shown the capacity (no pun intended) to defraud investors for their 1st buildout, they are not to be trusted.