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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: JDN who wrote (5903)4/27/2000 9:00:00 PM
From: CF Rebel  Read Replies (3) of 15615
 
JDN,

<<The question is WHAT is being done with GLOBAL CROSSING GROUP after that? I believe it is THAT which is going to be sold, and since it will no longer hold any CENTER stock the price will be much lower then we have been contemplating. JDN>>

Something you might want to ponder is the fact that after Global Center is stripped from GBLX, GBLX becomes more of a fiber pure play, notwithstanding the marine division. I'd suggest that much of the capitalization loss you anticipate might be far less, if any, due to the pure play status. I assume that GBLX keeps the fiber assets it acquired from Frontier. Remember, the market cap of GC will likely be at least what GBLX paid for all of Frontier. Just a thought.

CF Rebel
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