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

To: tony sidhu who wrote (2117)	9/25/1999 11:00:00 AM
From: TechMkt	Read Replies (1) \| Respond to of 15615

Tony, I believe a lot of GBLX'xs price support in the 25 range is due to the upcoming closure of the FRO deal. I think many investors, and institutions, see this merger as the new way in which telecommunications will be conducted in the future. Remember, MCI and ATT are already customers of GBLX. I also think that the drop in price since the beginning of the year was unfair and that people are starting to see the value of GBLX and it's increasing assets (the Crossings). Remember, GBLX had an IPO price of $19, so we are above that, and should be well above that soon. I think as the new crossings come on line GBLX will gain more attention. Even Teledesic, Motorolas space based Internet in the sky, is projected to have a bandwidth of about 1 GB/sec. Compare that to AC-1's capacity of 80GB/sec, being increased to 140 GB/sec. Fiber is the way to go. Fez