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

To: J Gunn who wrote (2368)	10/6/1999 5:52:00 PM
From: Teddy	Respond to of 15615

They also had another press release today. Kinda nice to see them crank up the PR machine after having to be quiet for so long. 206.132.184.108 Global Crossing Announces New Worldwide Global Centers Building ten new "Global Centers" in Europe and the United States Introducing Web hosting, content distribution and outsourced IP applications over worldwide network by second quarter 2000 New York, NY -- Internet World -- October 6, 1999 -- Global Crossing (Nasdaq:GBLX), which is building and operating the world's most advanced global IP-based fiber optic network, today announced it will construct ten new multi-million dollar mega data centers, known as Global Centers, worldwide over the next year. With these Global Centers, Global Crossing will leverage its seamless global high-capacity network to expand its successful U.S.-based web hosting and IP applications businesses into new international markets by mid 2000. Beginning in Europe, the company plans to build these highly secure, fully redundant facilities in London, Paris, Amsterdam and Frankfurt by the end of June 2000. These new centers will complement existing smaller Global Centers in Melbourne and London. The company will also expand its existing U.S. data centers in New York and add new centers in Sunnyvale and Herndon. Additional Global Centers in Asia/Pacific and South America will be added as the network in those regions is completed. "These new Global Centers will vastly increase our ability to offer our customers the combination of an advanced distribution channel for their content over the Internet, as well as a rich source of IP-based applications to help them operate their businesses," said Bob Annunziata, chief executive officer of Global Crossing. "We said we would be delivering new, state-of-the-art products and services over our global network, and this expansion reinforces our commitment to that promise." Ranging from 30,000 to 50,000 square feet in size, most of the international facilities will be located in much larger "Telehouses" which will provide Global Crossing's customers with low-cost, high-capacity connection to the company's sophisticated backbone network, as well as highly-secure collocation space. Together, the Global Centers and the company's seamless global IP network will propel the introduction of a whole host of advanced IP-based application services worldwide, beginning initially with outsourced e-mail and then moving into messaging, security, calendaring and scheduling applications. The geographically dispersed Global Centers are being designed to the highest disaster-resistant specifications to help ensure that customers' Internet content and mission critical IP applications can stay online 24 hours a day, seven days a week. Such redundancies will include multiple back up generators, extra uninterruptible power supply (UPS) systems and air handlers, state-of-the-art security and fire suppression systems, and direct connectivity to the Global Crossing network. Today these Global Centers host more than 300 top Internet brands - some of the best known names in the business, including Yahoo!, ZDNet, Red Hat and eToys. The company currently facilitates 60 percent of all Internet searches and delivers more than 8 billion hits per day, or nearly 2 million hits per minute. About Global Crossing Global Crossing (Nasdaq: GBLX) owns and operates a state-of-the-art fiber optic network in the United States and is developing and operating the world's first truly global IP-based fiber optic network with 88,100 announced route miles, connecting five continents, 24 countries and 170 cities. The Global Crossing Network and its product offerings will be available to over 80% of the world's international communications traffic. Through its subsidiary Global Marine, Global Crossing also owns the largest fleet of cable laying and maintenance vessels in the world and currently services more than a third of the world's undersea cable miles. Global Crossing is included in both the S&P 500 and the Nasdaq 100. Global Crossing's operations are headquartered in Hamilton, Bermuda, with executive offices in Los Angeles, California, Morristown, New Jersey, and Rochester, New York. For more information, visit www.globalcrossing.com.

To: J Gunn who wrote (2368)	10/6/1999 6:45:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 15615

Comprehension... And I have never been able to understand why people start sermonizing whenever a disagreement brews. DocStone