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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (50231)8/19/1998 11:21:00 AM
From: Stoctrash  Read Replies (1) of 58727
 
Pat,
At lunch the other day you asked about this one for a relative.

"Global Crossing (GBLX), which has been called "Wet Qwest (QWST)," since it operates an underwater network of fiber-optic wires, priced a huge 21 million-share offering at $19, also at the high end of the expected range. Salomon Smith Barney is the lead underwriter.

Global Crossing shares opened at 23 1/2 and rose another 8.5 percent to close its first day of trading at 25 1/2 in trading of more than 19.2 million shares."

marketwatch.newsalert.com
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