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

To: Tim Cruise who wrote (1528)	8/20/1999 6:14:00 PM
From: Robert Sheldon	Read Replies (1) \| Respond to of 15615

If I remember correctively, 15 days below was a relevant number as far as the mathematics of the merger were concerned. Actually, the calculation is based on 15 randomly sampled days out of the thirty days preceding the merger. Statistically, we are still way out in front of any danger. The "real" 30-day clock should start to tick sometime next week. Robert

To: Tim Cruise who wrote (1528)	8/20/1999 8:28:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

hi Timothy, it is up to you if you want to make yourself sick over details. I'm just looking into how to get to the "Annual Meeting" (air shuttle, train or buss). As for "traded below the collar for a number of days...," : If the merger closed the day after the Frontier Shareholder Meeting (the first day it could) the GBLX price is a little under $34.567 for six days so far. I agree with Robert (and Company statements) that this means pretty much nothing. The $34,567 bottom is the weighted average of 30 randomly selected trading days preceading the closure. Even if the price was below that, there are several things that Frontier and Global Crossing could (and are required) to do before the deal could be called off. These are detailed in that big book with no pictures that was sent to all shareholders of both companies. It is not a Coffee Table book, it should be read by EVERYONE that invested money in Global Crossing. I have read the first 173 pages (more than half of that is "copy and past" of previously filed SEC documents that we have all read (right????), so i just skimmed some of them). I did find a few things (it might be a good idea for GBLX shareholders that don't know much about Frontier[like me] to check out pages 111 to 115 to get an idea what that company is doing.) Anyway, if you want something to stay up nights worrying about, check out page 105 (bold added to make you barff: System performance AC-1, AC-2, PC-1, MAC, SAC, PEC and GAL are each designed to be installed with self-healing ring technology to optimize system availability and performance. Both span and ring switching protection are provided. Span switching protects a system against failures which affect individual fibers. Ring switching protects a system against complete failures between terminating landing sites. Because such technology will protect any single system failure in less than 300 milliseconds, no single system failure would have any material effect on customer service. Accordingly, the estimated system availability on any point-to-point link on such systems is 99.995%. The AC-1 system has experienced a number of faults, generally resulting from commercial fishing activity or shipping, causing the system to rely on its ring switching protection capability. Because of the self-healing ring architecture of the AC- 1 system and the proper performance of its ring switching protection capability, which protects and reroutes traffic from single failures, such faults did not result in any loss of customer traffic. Although Global Crossing intends to further enhance system reliability through either construction or acquisition of backup restoration fibers, similar failures could occur in the future and, in the event of simultaneous failures on two or more segments, loss of customer traffic would occur. There are actually several things that i would like to ask about, but i have to go out now so maybe i'll ask later. Also, if anyone has questions, i'll ask my Dad the world famous bean counter and try to get an answer from the filing. Have a life, Teddy