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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (64784)	10/6/1999 11:01:00 AM
From: kendall harmon	Respond to of 120523

TRADE in BLSC 6 1/2 This is a low volume pullback on a high quality stock They even have positive news today a 100k grant from the NIH biz.yahoo.com IBD ranks EPS in the 80's and relative strength in the 90's

To: puborectalis who wrote (64784)	10/6/1999 11:27:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 120523

Another reason for the action in GBLX....Global Crossing Interested in Buying Sprint Internet Assets, Clayton Says By Lisa Levenson Global Crossing Interested in Buying Sprint Internet Assets New York, Oct. 6 (Bloomberg) -- Global Crossing Ltd., which is building a worldwide phone and data network, is interested in buying Internet assets that MCI WorldCom Inc. and Sprint Corp. may have to shed to win regulatory approval of their planned $129 billion combination, Vice Chairman Joseph Clayton said. A divestiture ``might be an opportunity for some companies,' Clayton told the Bloomberg Forum. Asked if Global Crossing would take advantage of that opportunity, Clayton said ``perhaps.' Global Crossing last month completed its $9.3 billion acquisition of No. 5 U.S. long-distance Frontier Corp., adding a national U.S. fiber-optic network to the undersea cables it's laying. The combined company is selling a bundle of local, national and international communications services -- including video, voice and data transmission -- to businesses worldwide. ``It's all about speed-to-market,' Clayton said. ``We don't discount any of the possibilities. We're open to equity, we're open to building out organically ourselves, or any type of partnership.' The MCI WorldCom and Sprint combination is expected to face tough scrutiny from federal regulators as control of the $80 billion-a-year market for long distance narrows to the new company, to be named WorldCom, and No. 1 AT&T Corp. Some analysts said MCI WorldCom may have to sell Westwood, Kansas-based Sprint's data network, just as WorldCom was forced to shed an Internet unit to gain regulatory approval of its purchase of MCI Communications Corp. last year. Shares of Hamilton, Bermuda-based Global Crossing rose 5/8 to 25 13/16 in midmorning trading.