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

To: M. Charles Swope who wrote (2052)	9/22/1999 5:23:00 PM
From: Robert Sheldon	Read Replies (2) \| Respond to of 15615

That other fellow who had all the "questions" - actually negative attacks - appeared out of nowhere. He probably had some sort of agenda to put forth. Oh well. GBLX will be fine.

To: M. Charles Swope who wrote (2052)	9/22/1999 5:50:00 PM
From: TechMkt	Respond to of 15615

NOT a good day to short GBLX. See you all in the 30's!!! Fez ________________________ NEWS RELEASE FOR IMMEDIATE RELEASE GLOBAL CROSSING ADDED TO S&P 500 INDEX New York, N.Y., September 22, 1999 -- Standard & Poor's will replace Frontier Corp. (NYSE:FRO) with Global Crossing (NASDAQ:GBLX) in the S&P 500 Index after the close of trading on a date to be announced. Global Crossing is acquiring Frontier Corp. The merger is still subject to shareholder and regulatory approval. Global Crossing is a provider of global internet and long distance telecommunications facilities and services utilizing a network of undersea digital fiber optic cable systems and associated terrestrial backhaul capacity. The company's network will span five continents and address 80% of the world's international traffic. Several factors are considered when making a decision to add a company to a Standard & Poor's index. These factors include: The market capitalization. Industry group classification. Ownership and liquidity. Fundamental analysis. Principal exchange. Issues relating to nationality including the corporate structure; accounting principles and currency used for financial reporting; location of principal offices; location of employees, operations, revenues and earnings; and tax treatment. Global Crossing's structure with a board of directors and senior executives is typical of most American companies. Its financial reporting follows US GAAP and is in US dollars. The vast majority of the stock's trading volume is on the NASDAQ. Following the transaction, the substantial majority of employees will be in the US. Further, a majority of operations will also be US based. Global Crossing is registered in Bermuda for tax purposes. Standard & Poor's reviewed Global Crossing and determined that it is eligible for inclusion in the S&P 500.