GLOBAL CROSSING STARVED BY GLUT

摘要

Strategic waffling, leadership turmoil and dependence on sales of raw bandwidth has come back to haunt Global Crossing, forcing the company to cut capital expenses to the bone. With last week's quarterly miss—the first since its IPO—Global Crossing's stock was dropped from the S&P 500, and Moody's Investors Service cut the company's debt deep into junk territory.