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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: isdsms who wrote (1178)6/15/1999 12:04:00 PM
From: M. Frank Greiffenstein  Read Replies (3) of 15615
 
New Orleans point of view...

The New Orleans papers have some interesting insights/gossip. Bell South (a 10% owner of QWST) is allegedly really pissed off at QWST for the ridiculous takeover bid. There are behind the scenes talks and finger wagging. With the collapse in QWST price yesterday, the QWST offer is now officially lower than the GBLX offer! QWST is in deep trouble, both with its chief shareolder and with the market.

I'm not worried. The QWST bid send a message that GBLX has the RIGHT idea of where telecom is going. They are sweating bullets.

DocStone
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