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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: thebeach who wrote (516)3/21/1999 8:50:00 AM
From: Phil Jacobson  Read Replies (2) of 15615
 
It's how a cash poor company with a good plan can use its market cap to buy a larger company with good cash flow or good ops and a poor plan. This is 3rd in a series - WCOM/MCIC, QWST/LCI, GBLX/FRO. The buyer is not cash rich but has a huge market cap in each deal. The arb stuff is a short term issue that resolves itself as the deal gets closer. Why would a BOD give a damn about it?
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