GlobalNet CEO Robert Donahue told shareholders Tues. he was conce...
GlobalNet CEO Robert Donahue told shareholders Tues. he was concerned that company’s stock was so low and he didn’t know why. “Our company has a market capitalization of less than half our projected revenues for calendar year 2000” and…
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there’s no reason for it, he said in letter to shareholders. GlobalNet’s revenues have risen to $54.4 million for 9 months ending Sept. 30 from $792,000 in 1997 and it projected continued increase to $441 million in 2002, he said. Company provides international voice, data and Internet services over IP network.