Michael Moorer was extended the distance by a guy he was on the verge of stopping in the first round, Francisco Bojado suffered his first professional defeat, and Jeff Lacy scored a first-round knockout. Who were Saturday night's biggest winners and losers? Sounds like an easy question doesn't it?

Any way you slice it, the biggest winner was Juan Carlos Rubio, who outfought Bojado, dominating their 10-rounder to earn a unanimous decision win over the highly touted, undefeated prospect. Rubio's record was 26-6-2 heading into the Bojado fight, but having been stopped in the past, and lacking real knockout power himself (10 KO's in his 34 pro fights), on paper he was a good, safe opponent, who, if he survived Bojado's early onslaught, could potentially go some rounds.

He certainly did. It was obvious from the first round (which could have been scored either way) that "Panchito" was not facing another usual suspect. Rubio was jabbing and landing and catching Bojado with straight right hands, a punch to which Bojado had shown himself susceptible even before last Saturday night. By the end of the third Bojado's open-mouth breathing betrayed his fatigue. By the middle rounds it did not look as if Bojado would last the distance, let alone maintain his unblemished record. He did finish, but Rubio won the fight going away.

The boxing public's perception in the wake of Bojado's first defeat will be that he is not as good as advertised and guys like that loudmouth kid on ESPN have overrated him all along. In terms of the perception of the boxing world, Bojado was therefore the night's biggest loser.

Jeff Lacy, on the other hand, stopped yet another frightened opponent (this time it was Glen Thomas) in the first round, and so the perception will be that he was one of the night's big winners. Yet Lacy, while he certainly cannot be criticized for scoring a first-round knockout, learned as little from his cakewalk as we learned about him from watching it. He already knew he could punch, so did we. We still do not know how he will react when things are not going his way. True, the fact that we have not yet seen him struggle is a commentary on his punching ability, but it is also a commentary on his quality of opposition, which has thus far been soft.

We knew on Saturday morning that like Lacy, Bojado could fight. Now we know that he can fight back. Even in his losing effort he stuck it out all 10 rounds, throwing punches until the very last second. Francisco Bojado has a chance to emerge from his first pro loss a winner, if he learns from the experience. Jeff Lacy learned nothing from his win, and therefore finds himself in the same predicament Bojado did going into his fight with Rubio -- his overwhelming success is limiting his experience. Yes, it's ironic. Lacy's success leaves him more susceptible to failure when he eventually climbs into the ring with a guy who is still fighting back in the late rounds.

I do not know how many times I have repeated this quote, but I will do it again. Tim Conn, the great light heavyweight champion Billy Conn's son, once told me that Billy used to say that if a fighter was undefeated when he fought for the title, something was wrong. An undefeated fighter never fought anyone better than him and therefore missed out on lessons that a fighter can learn only by fighting more advanced guys. Would Bojado have been a bigger loser had he won? Would Lacy have been a bigger winner had he lost? Of course not. But one of these days Jeff is going to need to go some rounds. Young Francisco would not have learned a thing, nor would we have learned anything about him, had he scored another first-round knockout.

Michael Moorer dropped one-time undefeated prospect/contender Robert Davis twice in the opening round and looked as if he would score a spectacular first-round knockout. His stock would have soared, and in terms of his marketability he would have been a big winner. Instead, he was taken the distance in a hard-fought battle. Moorer won by a comfortable margin, but the boxing public will not be clamoring for him to meet one of the division's elite in a big-money showdown. And that is a good thing, because Moorer is not ready for such a fight. A few more hard 10-rounders, however, and he might be.

Max Kellerman is a studio analyst for ESPN2's Friday Night Fights.