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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: John Carragher who wrote (1243)	6/28/1999 2:00:00 PM
From: Teddy	Read Replies (1) of 15615

This is really getting interesting: Dow Jones Newswires -- June 28, 1999 DJ CNBC's FABER REPORT:Frontier May Issue '99 Profit Warning NEW YORK (Dow Jones)--Frontier Corp.'s (FRO) earnings for 1999 could fall short of expectations, according to people close to the situation, CNBC correspondent David Faber reported Monday. Faber said he wasn't able to confirm that speculation with company officials, who are taking part in a regularly scheduled board meeting Monday. Analysts currently expect the company, involved in high-profile acquisition talks with Global Crossing Ltd. (GBLX) and Qwest Communications International Inc. (QWST), to earn $1.19 a share in 1999. Faber said Frontier might blame the projected shortfall on Qwest, its would-be suitor, which is also under contract to build some of Frontier's fiber-optic long-distance telephone lines. A Frontier spokesman called the speculation not entirely correct, Faber said. He did not give any more details.

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