Bermuda telecommunications giant Global Crossing could have been hit by continued troubles at Exodus, after an article in the Wall Street Journal highlighted the company's uncertain future.

This is according to Vik Grover, a Kaufman Brothers analyst, who said investors might be reacting to continued troubles at Exodus, which saw its shares slide ten percent after the article was printed.

Besides being partly owned by Global Crossing, Exodus is also a customer of the Bermuda telecommunications company. But Mr. Grover said he considers the Global Crossing sell-off an overreaction, adding that Exodus is not among the company's top customers.

In addition, Global Crossing already has said it may write off its Exodus investment.

"With or without Exodus, it doesn't break Global Crossing," Mr. Grover said. "I'm on the verge of upgrading (Global Crossing) to 'strong buy' (from a 'buy'). It's a very strong buying opportunity."

Kim Polan, a Global Crossing spokeswoman, said the company had not released any news that may have triggered the slide.

She said Global Crossing never comments on its stock movement.

Shares of Global Crossing recently were down 20 cents to US$4.05 on volume of 16.5 million, compared with average daily volume of 10.4 million.

Earlier, shares hit a 52-week low of $3.65, dropping below the previous low mark of $4.25 on Friday.

Global Crossing stock has fallen in nine consecutive sessions.