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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SMALL FRY who wrote (64931)10/7/1999 3:32:00 AM
From: puborectalis  Read Replies (2) of 120523
 
Global crossing GBLX the next wave.......Global Crossing has completed 13,000 miles of its North
American network, formerly known as the Frontier Optronics
network. The last 7,000 miles -- primarily in the southeastern
U.S. -- will be finished by year-end, Clayton said. Thirteen
European cities also will be done by year-end. The 1,000-mile
connection from Tokyo to Nagoya to Osaka, Japan will be done by
late 1999 or early 2000.

Clayton said Global Crossing's progress in building its
international network will help it compete against the combined
MCI WorldCom-Sprint, which have about $50 billion in annual
revenue. In the six months ended June 30, 2-year-old Global
Crossing had revenue of $368 million and the former Rochester,
New York-based Frontier had revenue of $1.32 billion.
''We have an advantage in terms of our international scale
that (MCI WorldCom-Sprint) is trying to build out,'' said
Clayton, who was chief executive of Frontier.

Web Hosting

Global Crossing will expand business of hosting Internet
sites for companies, adding data centers in Sunnyvale, California
and Herndon, Virginia, and expanding its data center in New York,
Clayton said.

The company also will build new facilities in London,
Amsterdam, Paris and Frankfurt by the end of June 2000. It will
construct data centers in Asia, with Tokyo and Hong Kong the most
likely sites.

Global Crossing will also begin providing so-called ''rented
applications,'' allowing businesses to purchase payroll, e-
commerce, customer service, calendaring and e-mail software from
Global Crossing's servers as they need them, Clayton said.
''Today we're selling bandwidth, but tomorrow we'll be
adding more value-added services or applications which we think
would be a very profitable opportunity for us,'' he said.

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