My first impressions: Wow! Bob isn't waisting anytime. This is huge! We are a Big Dog now.
Next thoughts: GBLX will most likely go down. Good, I bought MCI Worldcom on the dip after the merger announcement and it worked out great. This is a long term investment for me, so I will be buying more.
I trust that Annunziata knows what he is doing:
"Merging with Frontier will enable us to greatly accelerate our aggressive growth strategy," said Robert Annunziata, Chief
Executive Officer of Global Crossing. "We will now have a strong U.S. infrastructure to complement the IP-based fiber
network we are building in Europe, Japan, Mexico, and Central and South America. These are two complementary companies
with no overlap, and together we will be ideally positioned to meet the exploding demand for bandwidth to handle Internet,
data, video and voice transmissions, and produce outstanding value for our customers, shareholders and employees. We will
have many unique assets and capabilities, a compelling financial profile, outstanding combined management and an addressable
market totaling approximately $450 billion. Frontier's GlobalCenter Internet web hosting business is one of the jewels in
Frontier's crown and we are committed to extending its services globally."
OK, what about the name? Does "Frontier Crossing" seem corny? |
