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Technology Stocks : GX Investors Thread

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To: DWB who wrote (443)10/29/2001 9:34:11 AM
From: AV8R  Read Replies (1) of 586
 
More good news:

Monday October 29, 8:41 am Eastern Time
Press Release
SOURCE: Global Crossing
Global Crossing to Provide Network Services to One of the Largest Non-Profit Integrated Health Systems in the United States
-- Global Crossing will provide a network backbone connecting UPMC's radiology, oncology and hematology department with hospitals around the globe.
NEW YORK--(BUSINESS WIRE)--Oct. 29, 2001-- -- Long distance service to UPMC Health System's 200 physician

practices and hospitals

UPMC will use a Global Crossing International Private Line to provide real-time consultations to transplant physicians in Italy.
Global Crossing Ltd. (NYSE: GX - news), which provides telecommunications solutions over the world's first integrated global IP-based network, announced today it will supply network services to UPMC (University of Pittsburgh Medical Center) Health System, which is affiliated with the University of Pittsburgh Schools of the Health Sciences.

Under terms of the three-year contract, Global Crossing will provide: a network backbone connecting UPMC's radiology, oncology and hematology departments with remote hospitals; long distance service to UPMC Health System's 220 physician practices and hospitals; and an International Private Line (IPL) to Palermo, Sicily, where UPMC operates a facility that performs transplants and other specialized services.

UPMC will use Global Crossing's Frame Relay and ATM networks to share radiology, oncology and hematology images, allowing remote hospitals to consult with physicians at UPMC. The IPL will allow transplant physicians in Sicily to receive real-time assistance from specialists in Pittsburgh.

``It's vital for us to use a network we can trust. These voice and data communications consist of critical medical information,'' said Robert Gregor, UPMC's manager of voice communications, Information Services Division. ``In addition to its reliable, seamless, worldwide network, Global Crossing impressed us with its customer service. Global Crossing is clearly committed to working with us to customize services to meet our needs,'' added Gregor.

``The reliability, security and reach of our network allows UPMC physicians to collaborate from worldwide locations to deliver patient care,'' said Chief Executive Officer, John Legere. ``We're pleased to be working with such a technologically advanced health care system,'' continued Legere.

UPMC Health System ranks in the top ten of health care and medical industries in InformationWeek's annual list of the leading innovative users of information technology; rates among the ``best of the best'' hospitals in the US by U.S. News & World Report; and is one of the ``most wired hospitals'' in the country according to Hospitals and Health Networks magazine.

About Global Crossing

Global Crossing Ltd. (NYSE:GX - news) provides telecommunications solutions over the world's first integrated global IP-based network, which reaches 27 countries and more than 200 major cities around the globe. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas and Europe, and provides services in Asia through its subsidiary, Asia Global Crossing (NYSE: AX - news). Please visit www.globalcrossing.com <http://www.globalcrossing.com> or www.asiaglobalcrossing.com <http://www.asiaglobalcrossing.com> for more information.

Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.
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