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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Ellen who wrote (5407)4/12/2000 1:20:00 PM
From: JDN  Read Replies (3) of 15615
 
Dear Ellen: Yes, its a difficult market at the moment but IMHO the key to the whole thing from GBLX's perspective is found in this one sentence. JDN

After the deal was restructured, Mr. Cohr says Global Crossing still raised $1.7 billion, only slightly less than the $2 billion it had hoped for. That, he says, is enough financing to complete the firm's business plan and put it ahead of competitors.
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