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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: FR1 who wrote (930)5/17/1999 12:34:00 PM
From: Robert Sheldon  Read Replies (1) of 15615
 
*Then why is the stock going down on announcement?*

Normal arbitrage. That's how it works on the street.

*The reason may be that everyone sees this as a big slow down in GBLX.*

Wrong. There will be two classes of tracking shares . . . take your pick between growth or income.
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