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Technology Stocks : STAR Telecommunications (STRX)

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To: Spaw who wrote (593)3/17/1999 11:18:00 PM
From: ron forgus  Read Replies (1) of 780
 
Herb On TheStreet touts STRX
(GBLX, FRO, STRX, PGEX)
Herb Greenberg this morning on CNBC mentioned Star Telecom {STRX]
as the next possible takeover with the Frontier- GBLX merger.
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Herb On TheStreet (GBLX, FRO, STRX, PGEX)

Broke GBLX/FRO story yesterday on TSC

Wholesaler buying a retailer

GBLX didn't exist 2 years ago

FRO is nation's 5th largest long distance carrier

GBLX building broad base. Stock went from $8 to mid 50's

Yesterday GBLX price began to drop as FRO price went up. Probably arbs establishing positions

GBLX has high price so can use stock to buy bigger companies

Other wholesalers who might be considering retailers - STRX & PGEX
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