SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Global Crossing - GX (formerly GBLX)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Curtis E. Bemis who wrote (6189)5/21/2000 2:23:00 PM
From: Frank A. Coluccio  Read Replies (1) of 15615
 
"The word is joint venture and they formed ION to do that--MFNX in US and Racal in UK with GBLX between the (undersea). Private line service, US<->UK ..."

Yes, I mentally pieced the parts together like that, too. But the problem with this approach is that there is nothing recent in either party's press releases, or spelled out on either party's web pages (since the Racal acquisition), that backs up such a rationale. Instead, it calls for the reader to infer that such a relationship exists on the basis of previous knowledge of past deals.

One would think that _all_ of the parties to such an arrangement would be very eager to highlight such a powerful mix. Instead, I find nada.

The creation of ION actually pre-dates the GBLX acquisition of Racal, so Instead of a connection, here, I see a non sequitur of sorts. And the page that you posted, most decidedly, does not mention all companies on the same page. It omits any mention of GBLX, read it again.

I take it that you are suggesting that their use of the term "joint venture" is all that's necessary in order to convey the fact that a connection exists? But go re-read the portion of that page that you copied in the uplink message again.

If GBLX is still tied to MFNX through ION in an active manner that would constitute a "Joint Venture" between the two -- keeping in mind now that Racal has been acquired by GBLX-- then why do they mention MNFX's name, and Racal's name, but not GBLX's? Consider, especially, that adding the latter (a mention of GLBX) would have added an exponential level of marketing punch to that, and the other, pages.

Again, it would appear to me that this is dated information. The relationships which exist between these companies, and which existed at various points in the past, are still vague to me, if not entirely mysterious due to the omissions I've referred to.

I still feel that any joint venture component of an MFNX-GBLX arrangement has been intentionally de-emphasized, or eliminated entirely when or since Racal was acquired by Global Crossing.

You've not taken me the other way through that osmotic membrane that I spoke of last night. But I appreciate your efforts.

FAC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext