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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (1102)	6/8/1999 11:10:00 PM
From: Linda Pearson	Read Replies (1) \| Respond to of 15615

news.com Global Crossing Considers Acquisitions CEO Says, CNBC Reports Bloomberg News June 8, 1999, 12:49 p.m. PT New York, June 8 (Bloomberg) -- Global Crossing Ltd. Chief Executive Robert Annunziata reportedly told participants yesterday at an investment conference sponsored by Deutsche Bank AG's investment banking unit Alex, Brown that Global Crossing is considering future acquisitions and wants to increase overseas distribution capacity, financial news network CNBC reported. Global Crossing senior management said sales of its subsea network capacity remain healthy and it's beginning to book capacity for a joint venture cable system. Qwest Communications International Inc. also may be considering ''making a move'' on U S West Inc. soon and could be trying to line up a partner to ''bring cash to the table,'' CNBC said. Global Crossing, a 2-year-old company that's building an undersea global phone network, and U S West Inc. said last month they will unite in a $37 billion merger. (CNBC 6/8 www.cnbc.com)