Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mts362 who wrote (2065)	9/22/1999 7:53:00 PM
From: Triffin	Respond to of 15615

Matthew .. Yes, but they won't be selling the shares, as we were assuming. This is definitely positive No argument there .. just felt the after hours response to the news was too good not to take advantage of .. we'll know in the morning .. Jim in CT ..

To: mts362 who wrote (2065)	9/22/1999 7:56:00 PM
From: John O Dea	Read Replies (1) \| Respond to of 15615

Index funds will have to buy more shares because the weighting of the combined new company will increase because the combined market cap of the combined co. will be greater than that of FRO alone. There should still be substantial buying to round out the index. IMHO GBLX is ready to start a long climb.

To: mts362 who wrote (2065)	9/23/1999 3:29:00 AM
From: 2brasil	Respond to of 15615

Going Global: Keep an eye on Global Crossing (GBLX), the fiber-based communications upstart that plans to buy Frontier Corp. (FRO) for $9 billion. After the bell, Standard & Poor's said it would replace Frontier with Global on the S&P 500 index. This usually results in a rise in the newly added stock because funds that track the widely followed S&P 500 have to add the stock to their holdings. Indeed, Global shares were up more than 7 percent in after-hours trading Wednesday evening. Global already has regulatory clearance to buy Frontier, the No. 5 U.S. long-distance company. Global shareholders approved the deal Wednesday, and Frontier shareholders are slated to vote Thursday. Under the current terms of the deal, each Frontier share would be swapped for 2.05 Global shares. Frontier shares were also higher in after-hours trading.