Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: M. Frank Greiffenstein who wrote (1179)	6/15/1999 12:38:00 PM
From: MangoBoy	of 15615

<< The QWST bid send a message that GBLX has the RIGHT idea of where telecom is going. >> Maybe, maybe not. USW has been on QWST's radar for a long time now and my guess is GBLX knew it and decided to get there first... GBLX forced QWST's hand on USW. QWST's overbid for FRO is I think a squeeze play to force GBLX to choose between USW and FRO. Since USW/ GBLX w/o FRO is a lame combination, my guess is GBLX will either concentrate on FRO or punt completely. The dust hasn't settled yet, also. QWST needs to articulate how it will deal with dividends. << the QWST offer is now officially lower than the GBLX offer! >> Today's rise in QWST and further decline in GBLX has changed that. << QWST is in deep trouble, both with its chief shareolder and with the market. >> BLS isn't QWST's "chief shareholder". Philip Anschutz is, by a long shot. He controls almost 40% of QWST stock.

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