PRINCETON, N.J., April 30, 2004 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment service that delivered a +67% audited return in 2003, announced today that it has provided to trial and paid subscribers investment coverage of the telecommunications sector, including coverage of Global Crossing (Nasdaq:GLBC) and SBC Communications (NYSE:SBC).
FindProfit's investment outlook examines the telecommunications in the wake of first quarter earnings report, the exit of MCI from bankruptcy and GLBC's recent announcements, including coverage of Verizon (NYSE:VZ) and BellSouth (NYSE:BLS).
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FindProfit's outlook looks at the following questions:
-- Will GLBC's recent disclosure that it needs to once again restate its financial results force the company to look outside of virtual parent Singapore Technologies Telemedia for more funding?
-- Does GLBC need more than $100 million promised by STT now that it will have to undergo further restructuring?
-- Will Mexican billionaire and SBC Director Carlos Slim continue to buy shares of GLBC on the open market?
-- With large stakes in GLBC and MCI, a seat on SBC's board and a controlling stake in Telmex, is Carlos Slim planning a massive upheaval of the North American telecom sector?
-- How does the reemergence from bankruptcy of MCI affect the telecom sector?
-- Will VZ, BLS and SBC continue to see DSL gains as landline revenues fall? Or, will the cable companies begin to eat away at DSL momentum with increased service offerings such as voice-over-Internet-protocol?
AND MORE
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