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 ()	6/14/2000 6:28:00 PM
From: gruetz	Read Replies (1) of 15615

Robert, Fez, and others: Looks like the expected terms of the GCTR IPO value Global Center at about $5 bln. Seems awfully low given EXDS currently having a market cap of more than $22 bln based on fully diluted shares outstanding. DIGX, which is a quality company but quite a bit smaller than GCTR, has a $5 bln mkt cap. Is the $5 bln for GCTR because it is a tracking stock rather than the alternative? It seems to me that this IPO is all about raising more money, $1 bln in this case, and little about defining the value of the Global Crossing separate businesses for purposes of having GBLX total entity valued for the sum of its parts. Comments?

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