Globix Corporation and Subsidiaries
                         Consolidated Balance Sheets
               (In thousands, except share and per share data)
                                                   March 31,  September 30,
                                                        2000           1999
                                                 (Unaudited)
    Assets
     Current assets:
      Cash and cash equivalents                     $498,252       $101,471
      Short term investments                          75,325             --
      Marketable securities                           13,033          9,941
      Accounts receivable, net                        13,963          7,798
      Inventories, net                                   582          1,282
      Prepaid expenses and other current assets        3,730          2,649
      Restricted cash                                  9,882          8,848
      Total current assets                           614,767        131,989
      Investments, restricted                          5,781         36,191
      Property, plant and equipment, net             133,705        122,653
      Debt issuance costs, net                        21,650          5,583
      Other assets                                     6,283          6,102
      Total assets                                  $782,186       $302,518
    Liabilities and Stockholders' Equity
    Current liabilities:
     Capital lease obligations and other              $2,147         $2,088
     Accounts payable                                 11,258         10,439
     Accrued liabilities                               9,271          9,579
     Accrued interest                                 12,500          8,667
     Total current liabilities                        35,176         30,773
     Capital lease obligations, net of
      current portion                                  1,918          2,896
     Mortgage payable                                 20,774             --
     Senior notes                                    600,000        158,109
     Other long term liabilities                       4,295          4,335
     Total liabilities                               662,163        196,113
    Redeemable Convertible Preferred Stock            73,591             --
    Stockholders' Equity:
     Common stock, $.01 par value; 75,000,000
      shares authorized; 36,359,036 and 33,300,020
      shares issued and outstanding, respectively        364            333
     Additional paid-in capital                      163,383        155,423
     Accumulated other comprehensive income           10,251         10,279
     Accumulated deficit                           (127,566)       (59,630)
     Total stockholders' equity                       46,432        106,405
     Total liabilities and stockholders' equity     $782,186       $302,518
                     Globix Corporation and Subsidiaries
                    Consolidated Statements of Operations
                    (In thousands, except per share data)
                              Three months ended           Six months ended
                                   March 31,                  March 31,
                              2000          1999         2000          1999
                                 (Unaudited)                (Unaudited)
    Revenue:
     Internet              $10,312        $2,711      $17,268        $4,992
     Server sales and
      integration            7,601        $4,375       16,790        $8,023
    Total revenue           17,913         7,086       34,058        13,015
    Cost of revenue:
     Internet                3,918           803        6,457         1,368
     Server sales
      and integration        6,300         3,673       13,817         6,810
    Total cost of revenue   10,218         4,476       20,274         8,178
    Gross profit             7,695         2,610       13,784         4,837
     Selling, general and
      administrative        23,089         7,662       42,784        13,227
    EBITDA                (15,394)       (5,052)     (29,000)       (8,390)
     Depreciation and
      amortization           4,590           705        7,947         1,213
    Loss from operations  (19,984)       (5,757)     (36,947)       (9,603)
     Interest and financing
      expense, net         (9,564)       (3,893)     (13,412)       (7,866)
    Loss before
     extraordinary item   (29,548)       (9,650)     (50,359)      (17,469)
     Extraordinary loss
      on early extinguishments
      of debt             (17,577)            --     (17,577)            --
    Net loss              (47,125)       (9,650)     (67,936)      (17,469)
     Dividends and accretion
      on preferred stock   (1,762)            --      (2,292)            --
    Loss available to common
     stockholders        $(48,887)      $(9,650)    $(70,228)     $(17,469)
    Basic and diluted loss per
     share before
     extraordinary item    $(0.85)       $(0.55)      $(1.48)       $(1.03)
    Extraordinary loss per
     share                  (0.51)            --       (0.51)            --
    Basic and diluted net
     loss per share        $(1.36)       $(0.55)      $(1.99)       $(1.03)
    Basic and diluted loss
     per share available to
     common stockholders   $(1.41)       $(0.55)      $(2.06)       $(1.03)
    Weighted average common
     shares outstanding     34,617        17,506       34,085        17,028