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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: M. Frank Greiffenstein who wrote (2990)10/31/1999 1:17:00 AM
From: Robert Sheldon   of 15615
 
*US-West LTD to Equity is over 7 ??? How could GBLX possibly have swallowed that? How can QWST? Man, you have to have some kind of free cash flow to pay that down.*

Well, since I just posted a rant regarding financing and Mr. Winnick's prowess . . . let me propose this: We got out of the deal $400MM richer, correct? Perhaps our friend knew that USWest would probably be in play and wanted to get in on the action . . . could this have been one of the largest arbitrages of the year?

Long shot but . . .

:-)
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