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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: M. Frank Greiffenstein who wrote (457)3/17/1999 12:25:00 PM
From: Larry S.  Read Replies (2) of 15615
 
GBLX is paying for this whole deal with inflated currency. The price really isn't as significant as the currency. To GBLX shareholders, like this thread, this is dilution and perhaps overpaying. To the rest of the world, this is a very gutsy move using new and inflated currency to leap into the US market. The biggest risk to the deal is that FRO shareholders wouldn't want GBLX stock. larry
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