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Strategies & Market Trends : Rande Is . . . HOME

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To: DlphcOracl who wrote (36630)	9/28/2000 7:16:33 AM
From: DlphcOracl	Read Replies (2) of 57584

GBLX/EXDS Deal The David Faber Report on CNBC discussed the impending deal between GBLX and EXDS. GBLX will sell its large web-hosting facilities that it acquired as part of the merger with Frontier for slightly over 6 billion. More importantly, the agreement will guarantee that EXDS will use GBLX's network for at least 50% of its traffic, now and in the future. This is the KEY to the deal, as far as I'm concerned. EXDS is the unquestioned web-hosting leader and this should eventually add billions to GBLX revenue. I was a buyer of GBLX after yesterday's market close on this news. GBLX was a stock I was debating purchasing over the past two weeks and its price ($30) is quite attractive.

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