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

To: Teddy who wrote (1634)	9/1/1999 7:59:00 PM
From: J Gunn	Read Replies (2) \| Respond to of 15615

Teddy, it's (901)-652-4200. Actually, that is 9/1/99 volume traded of GBLX today. 6,524,200 shares. Avg volum 1.8 approx. Pretty impressive! Good information about rules on stock buy-backs. Back up to 25 on after-hours. How does $60 by September 14th sound? A person can dream, right!

To: Teddy who wrote (1634)	9/1/1999 8:04:00 PM
From: Srinivasan Balasubramanian	Respond to of 15615

Buyback will be viewed as positive if it is substantial and executed in full. But most companies that announce buybacks never execute it in full : the reason may be the stock rising in value or a timid, uncertain management. If GBLX management announces a buyback, cuts the FRO walk out clause with a revised 2:1 offer and extends the lock up period, it can only be viewed as positive. Buybacks can never arrest a downslide, may be at the best can cushion the fall for some time it is in effect. This is the time to get in. Also GBLX is sitting on around 400+ mln cash from the USWest failed deal. May be a better buy would be Frontier at a discount. From a trading perspective, I will buy at the open with a stop limit just below today's close. Srini