Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Ibexx who wrote (4460)	2/22/2000 6:19:00 PM
From: Bill Fischofer	Read Replies (3) of 15615

Re: Today's acquisitions The selloff is standard arbitrage (go short the acquirer and long the acquiree to lock in the spread) combined with an overall down tech day. No big deal. GBLX picking up EXNT and IPI is a stroke of genius, however. In one bold move GBLX has just made themselves the dominant supplier of communications services to all global financial markets. Consider the sales call to a Citigroup, Merril, etc. GBLX is the only company that can provide seamless end-to-end connectivity on its own network to trading desks in London, Frankfurt, New York, Chicago, San Francisco, Tokyo, Hong Kong, etc. There literally is no other competitor with this kind of reach on the planet. The financial markets are among the most insatiable sources of bandwidth demand and GBLX basically now owns this market. Resist all temptation to sell. Just tuck your GBLX shares away. This is like buying AT&T in the 1920s, only this time on a global scale.

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