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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Bonzo who wrote (12117)6/20/2001 10:19:34 PM
From: CF Rebel  Read Replies (1) of 15615
 
Bonzo,

Relying only on my memory, I believe that GX bought Global Marine for about $650 million. What would it fetch today? I don't think it would fetch that much. There seems to be a lot of cancelled cable systems lately so most of the business would be maintenance. Quite the opposite when GX bought it. Let's say it would fetch two-thirds of that at best.

CF Rebel
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