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

To: quidditch who wrote (1495)	8/16/1999 1:24:00 PM
From: mthomas	Read Replies (2) \| Respond to of 15615

What I actually logged in for was to beat the drum for GBLX and its far seeing (not farsighted) management. I just know that ATT WCOM and FON are doing their best with all of their clout to hammer GBLX, but they cannot win. GBLX has gotten too far ahead of them, and GBLX is not so stupid as to believe if you put enough salespeople onto telephones to interrupt everyone's dinner with a sales call asking you to switch to their telephone service that they will succeed in business. GBLX had the foresight to buy the cable laying outfit, outright. No more waiting in line for the big guys to get first service. If ATT tried to manage a marine cable laying company, they would forget where they put the cable. Already there are DOJ inquiries re Japan and the big boys trying to exclude GBLX from their market. We have the same stuff going on here in the USA with our own FCC not giving GBLX their share of the pie, until (as I already mentioned) the courts demanded the FCC do an about face. If buying the marine cable company wasn't a wakeup call for the big guys, then after shooting for FRO, GBLX had the wit (a LOT of moxy) to go for USWest. Now, that was a $450,000,000 profit trade. NOT BAD to foresee what Southern Bell would do via QWEST.......and then to actually back down to what was NEEDED, i.e. FRO, plus receive $450 million to boot. The big guys are doing everything that everything that CAN be done to blister GBLX stock price, to make the FRO merger cost as much as possible. Still, I expect to see GBLX up into the "collar" range very soon.