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

To: Frank A. Coluccio who wrote (1164)	6/14/1999 10:22:00 AM
From: AJ Berger	Respond to of 15615

Lot's of sympathetic plays out there personally, I'm looking to buy some Sprint PCS here, but it's already been run up quite a bit in anticipation of a buyer like WCOM.

To: Frank A. Coluccio who wrote (1164)	6/14/1999 12:26:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

Well, looks like there will not be a bidding war: GLOBAL CROSSING STATEMENT ON QWEST BIDS FOR USWEST, FRONTIER Bloomberg News June 14, 1999, 8:57 a.m. PT (The following is a reformatted version of a press release issued by Global Crossing Ltd.) Hamilton, Bermuda, June 14, 1999 -- Global Crossing Ltd. (NASDAQ: GBLX), the owner and operator of the world's most advanced global IP-based fiber optic network, today issued the following statement from Robert Annunziata, Chief Executive Officer: ''We expect US West's $62.75 per share tender offer for approximately 39 million Global Crossing shares to close as scheduled this Friday. Our existing US West merger agreement is superior to Qwest's offer, and we fully expect to close it as planned next year. Our existing Frontier merger agreement is also superior to Qwest's offer, and we expect to close it as planned in the third quarter of this year.'' Global Crossing is building and operating the world's most advanced global fiber optic platform for data, voice, video and Internet transmissions. The Global Crossing network will span four continents and address 80 percent of the world's international traffic. Global Crossing's operations are headquartered in Hamilton, Bermuda, with offices in Los Angeles; New York City; Morristown, New Jersey; San Francisco; Miami; London; Amsterdam; Tokyo; and Buenos Aires. More information about Global Crossing can be found at globalcrossing.com. Statements made in this press release that state the company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. It is important to note that the company's actual results could differ materially from those projected in such forward-looking statements. Information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the company's filings with the Securities and Exchange Commission (SEC). Copies of these filings may be obtained by contacting the company or the SEC. I'm going to the beach for a week, I'm sure they will have more to say: CIBC Oppenheimer & Co. Telecommunications Investor Conference New York June 14 Merrill Lynch European Telecom Conference London June 16