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

To: oilbabe who wrote (1216)	6/22/1999 7:22:00 AM
From: John Carragher	Respond to of 15615

"We're pleased that the U S West Board of Directors-like the Frontier Board of Directors last week -- has reaffirmed its commitment to complete the merger with Global Crossing as planned," Robert Annunziata, chief executive of Global Crossing said in a statement. "We remain focused on completing both transactions as quickly as possible to create a new standard for global telecommunications."

To: oilbabe who wrote (1216)	6/22/1999 10:57:00 AM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 15615

Nachos and cheese... Yes, Nacchio doesn't like to lose. And that's precisely when companies get into trouble. It becomes an issue of egos and will power rather than the best interests of the shareholders. As it stands, the two offers are of equivalent value. I don't care if Nacchio offers more cash, because THAT IS BORROWED MONEY. In addition, UWST would have to pay 900 million (do I have that right?) if they bust the deal. As far as I am concerned, GBLX is the winner and will remain the winner. Annunizatta is doing the right thing, just cooly waiting this out. DocStone