Network Appliance Message Board

STOCKTALK

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 : Network Appliance

NTAP 110.18

+0.4%

10:05 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JakeStraw who wrote (10177)	5/20/2002 6:01:59 PM
From: Jacob Snyder	Read Replies (2) of 10934

Truth is stranger........... (from today's WSJ): In the June 2001 executive-summary memo reviewed by the Journal, Velocita committed to leasing Global Crossing 12 fiber-optic lines in Florida. Global Crossing, in turn, agreed to lease Velocita an equal amount of capacity to be used across its own network. Each company paid the other $33.6 million. Global Crossing hadn't used the Velocita capacity by the time it entered bankruptcy-court proceedings on Jan. 28, according to the company's regulatory filings. Velocita had used $900,000 of the Global Crossing capacity as of a Dec. 31 regulatory filing. ...... Velocita is run by a former Global Crossing chief executive, Robert Annunziata......

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next