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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: MileHigh who wrote (4412)2/18/2000 7:32:00 PM
From: matt dillabough  Read Replies (1) of 15615
 
Shares of Global Crossing Ltd. (GBLX), which makes broadband fiber-optic networks, inched downward in after-hours trading, after the company's Chief Financial Officer Dan Cohrs said Global Crossing will spend more than $3.5 billion to $4 billion in the coming year on its own networks and partnerships to keep up with increasing demand for broadband capacity.

Shares of Global Crossing were trading at 52 3/8 in after-hours trading, after closing down 12.9%, or 7 7/8, at 53 3/16 in the regular trading session.
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