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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: FR1 who wrote (930)5/17/1999 12:59:00 PM
From: M. Frank Greiffenstein  Read Replies (2) of 15615
 
Then why is the stock going down on announcement? GBLX should go to at least $62.75.

This would be true only if USW were buying 100% of GBLX rather than just 9.5%. I have no explanation as to why GBLX is selling off, except maybe general market deterioration(but then why are LVLT and QWST going up??). Or maybe the market does not like the idea of tracking stocks?

DocStone
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