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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Frank A. Coluccio who wrote (1361)7/16/1999 11:56:00 PM
From: quidditch   of 15615
 
Frank, how are you doing? I've been off the thread for a good stretch, as work (how dare it!) has intruded on my SI meanderings.
If the next post of the Bloomberg story is true as to dividing the spoils, my take is as follows: GLBX gets a bit of needed cash, gets some of the net feeder traffic and server farms and loses fiber pipe-filling-up traffic from USW, leaving GBLX still as more of a carrier's carrier. The $12 billion plus to be paid for FRO also leaves it meaner, with more valuable stock to pay for an acquisition, and more nimble in terms of what additional pieces Annunziata/Winnick want to add to the mix. Is the question then, does management revert back to the carrier's carrier theme that seemed to define the earlier GBLX, and go after MFNX, or does management continue to seek captive carriers to try to fill up their fiber?

Is this, basically, how this moment should be perceived?

Best. Steven
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