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

To: lazarre who wrote (1269)	7/1/1999 10:38:00 PM
From: MangoBoy	Respond to of 15615

[Global Crossing Permits U S WEST To Enter Discussions With Qwest] (Looks like USW is following FRO and opening discussions with QWST. -- mark) HAMILTON, Bermuda, July 1 /PRNewswire/ -- Global Crossing, Ltd. announced today that, at the request of the board of directors of U S WEST, Inc., it has granted a waiver to U S WEST under the Global Crossing/ U S WEST merger agreement to allow U S WEST to furnish information to, and to participate in discussions with, Qwest Communications International, Inc.

To: lazarre who wrote (1269)	7/1/1999 10:42:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 15615

[U S WEST Board Reviews Revised Qwest Bid; Decides to Enter Into Talks With Qwest With the Consent of Global Crossing] (And sure enough... -- mark) DENVER, July 1 /PRNewswire/ -- U S WEST today announced that its Board of Directors has determined to authorize the Company's management and advisors to discuss with Qwest Communications International, Inc. issues relating to its June 23 revised merger proposal. Global Crossing has consented to U S WEST conducting such discussions with Qwest. U S WEST's merger-of-equals agreement with Global Crossing remains intact and U S WEST's Board will continue to monitor events related to its Global Crossing merger agreement. Sol Trujillo, Chairman, President and CEO of U S WEST, stated that "the Board remains committed to acting in the best interests of U S WEST shareholders and to its vision of building a next generation global data-centric company."