Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: cardcounter who wrote ()	6/10/2000 9:10:00 AM
From: qbull	Read Replies (2) of 15615

CIBC selling is hopefully behind us. Stock traded between 24 13/16 and 27 on May 31, 2000 and has been steadily climbing ever since. CIBC Files To Sell 10M Global Crossing Shares Dow Jones Newswires WASHINGTON -- CIBC Capital Partners registered to sell 10 million shares of Global Crossing Ltd. (GBLX) common stock, valued at about $210 million, according to a Form 144 released Thursday by the Securities and Exchange Commission. A Form 144 indicates an intention to sell restricted stock and opens the door for a sale of shares, but doesn't indicate if or when the actual sale will occur or has occurred. The filing indicates CIBC intended to sell the shares May 31 on the Nasdaq Stock Market. CIBC World Markets was listed as the broker for the transaction. Global Crossing is developing broad-band, global fiber-optic network for Internet and long-distance telecom services. -Todd Goren, Dow Jones Newswires/Federal Filings BusinessNews; 202-628-9782

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