This crooked punk made a killing on this stock!!!
Bush 41 made some bucks on GC also. Many people worldwide made plenty of bucks during the dot com bubble. Plenty cashed out at the top.
Global Crossing virtually wired the world for fiber optics? Unfortunately, fiber optics can carry so much IT no one could figger out how to make it profitable. It had about 1000X the capacity of the entire worlds needs at the time. How do you charge for a KB when you can deliver a terabyte for the same price? This was 10 yrs ago. That's my take on the thing.
yitbos
The link below takes us to the many postings on Global Crossing.
http://www.freerepublic.com/tag/globalcrossing/index
Again the rats were up to their eyeballs in this mess and walked away with no real problems.