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

To: jerry cooper who wrote (2437)	10/8/1999 12:49:00 AM
From: gizelle otero	Respond to of 15615

Worth a look. The RB Board's Alpha Penguin has spoken again: By: AlphaPenguin Reply To: 2797 by CMGI_UP Friday, 8 Oct 1999 at 12:21 AM EDT Post # of 2804 Greetings All! It seems AlphaPenguin's buyout assertions beginning in the first post #2537 (1 Oct) may be vindicated sooner rather than later. Remember, you read it first from Alpha right here on this board! We have a long weekend coming up, plenty of time for suitors to prepare their offers. Based on the number of GBLX shares outstanding (not just the float) and judging from their previous unsuccessful tenders, BellSouth and Deutsche Telekom each have enough cash in the coffers to make good on bids in excess of $100/GBLX share. I realize of course the color of the money is not relevant, but IMO the DT scenario certainly lends the most prestige. I simply can't see a Baby Bell taking on "global" aspirations, whereas GBLX-DT is a marriage made in heaven. This coupling would have much less meddling from the likes of the FCC, FTC, DOJ, SEC ad nauseum because neither is incorporated in the US. Don't count on the same benign approval from U.S. regulators if BellSouth is the suitor. This evening's coincidental PBS News Hour interview with the FCC chief communicated that very clearly. On the other hand, a GBLX-DT union would get the blessing of the EU Anti-Trust Commissioner so fast it'll make your head spin. Finally, $70/share may well occur prior to my previously-stated April target. Indeed, I'll go one better than CMGI-UP (msg #2797): If there is a bid in the offing for GBLX, I don't believe Messrs. Winnick et.al. will even entertain a bid below $70, and after that is when things get interesting. In the meantime, I'm still anticipating the weekend Havana and Grey Goose. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)