Yesterday, Wayne Bouchard, a former employee of Global Crossing, posted erroneous, misleading, wholly inaccurate information about the state of Global Crossing and its finances.
Lets not forget that globalcrossing (who already laid off 13,000 people a couple of months ago)
Global Crossing currently employs approximately 11,000 employees. This summer, in an effort to cut costs and streamline our organizational structure, Global Crossing laid-off less than 2,000 employees.
No doubt the bankruptcy will cause that company some considerable consternation which could adversely affect their end of the year results meaning yet MORE geeks could be living in cardboard boxes before the year is out.
Global Crossing has already recovered 100% of the bandwidth loss across our network realized by the extrication of Global Center traffic from our backbone. In no way does the financial outlook of Global Crossing and its network rely on Exodus. Our revenue streams continue to grow at a steady clip, our quarterly earnings report continue to reflect an EBIDTA-positive organization, and each day we sign up more and more customers, large and small, who utilize our 101,000+ route-mile global fiber optic network. Our network build was fully funded. With the sale of Frontier Communications by Global Crossing to Citizens Communications, Global Crossing was able to pay down more than 50% of its long-term debt. Global Crossing is in sound financial shape. Its long-term financial outlook is bright, our customers are happy, and we'll be here running one of the world's largest and fastest fiber optic networks long after many of our competitors close their doors. /david *--------------------------------* | Global Crossing API | | Manager, Global IP Addressing | | (703) 627-5800 | | huberman@gblx.net | *--------------------------------*