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Technology Stocks : Globo Cabo - GLCBY -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Sutton who wrote (7)8/17/1999 11:50:00 PM
From: Jeff Sutton  Respond to of 21
 
From 8/17 Wall St. Journal:

Traders said the big corporate news Tuesday was confirmation that Microsoft will pay $126 million for an 11.5% stake in Globo Cabo.

Trading in Globo Cabo was suspended Monday but resumed Tuesday with the company's preferred stock plunging 17.2% to 0.96 reals on a strong bout of profit-taking following strong gains leading up to the deal.