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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Teddy who wrote (1153)6/13/1999 9:32:00 PM
From: Tony Wang  Read Replies (1) of 15615
 
There should be a lot of tender cancellations real quick. That means the bid for 9.5% will have to get done in the open market, along with all those arbitrage shorts. People tendered at $62.50 when the stock was at $46, why do that if the stock is at let say 55, with a possibility of GBLX getting a huge cash infusion, short covering and prices going up? Also, Bell South may see QWST now as too unwieldy,
and GBLX as more of an optimal candidate.
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