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

To: M. Frank Greiffenstein who wrote (1179)	6/15/1999 12:38:00 PM
From: MangoBoy	Respond to of 15615

<< The QWST bid send a message that GBLX has the RIGHT idea of where telecom is going. >> Maybe, maybe not. USW has been on QWST's radar for a long time now and my guess is GBLX knew it and decided to get there first... GBLX forced QWST's hand on USW. QWST's overbid for FRO is I think a squeeze play to force GBLX to choose between USW and FRO. Since USW/ GBLX w/o FRO is a lame combination, my guess is GBLX will either concentrate on FRO or punt completely. The dust hasn't settled yet, also. QWST needs to articulate how it will deal with dividends. << the QWST offer is now officially lower than the GBLX offer! >> Today's rise in QWST and further decline in GBLX has changed that. << QWST is in deep trouble, both with its chief shareolder and with the market. >> BLS isn't QWST's "chief shareholder". Philip Anschutz is, by a long shot. He controls almost 40% of QWST stock.

To: M. Frank Greiffenstein who wrote (1179)	6/15/1999 12:44:00 PM
From: mmeggs	Read Replies (1) \| Respond to of 15615

Just a thought, but how much of that could be posturing on the part of Bell South to cover up a takeover by proxy? Two years from now, when the regulatory crap is sorted out, BLS buys the rest of QWST and low and behold, also acquires the assets of the former USW. Maybe last week was not to discuss a takeover of QWST, but rather to 1. Get BLS in the door on USW, and 2. To make QWST unattractive to a company like Deutsche Telecom. Either way, the market is pricing QWST and GBLX as if both companies will succeed. Somebody will get short term pop when they "lose". mmeggs