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


To: quidditch who wrote (1450)8/4/1999 5:49:00 PM
From: Raymond Duray  Read Replies (1) | Respond to of 15615
 
Hi Steve,

The trigger price for a renegotiation with FRO is $34.56. At the present rate of decline in GBLXs price, this could be crossed this week or next.

I'm curious about this statement: The collar, then, is
protective not only of FRO shareholders but, in unwanted fashion, those of GBLX.

How so? I'm not sure I am following your logic here. Please advise.

Best, Ray