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

To: JDN who wrote (2606)	10/12/1999 3:31:00 PM
From: PaperChase	Read Replies (1) \| Respond to of 15615

Imagine those Frontier shares are now worth $76/share today (before conversion), when the transaction closed a couple of weeks ago at around $54/share. Up over $22 in a couple of weeks based on GBLX's price today. Offered as perspective only.

To: JDN who wrote (2606)	10/13/1999 12:08:00 AM
From: Blackmarlin	Read Replies (1) \| Respond to of 15615

From On24.... << Tuesday, October 12th, 1999. The Financial Times is reporting that FVC.com is set to announce a deal with British Telecom. FVC will provide low cost videoconfrencing service to BT. According to the article, the companies will disclose the details on Thursday. Global Crossing Limited (GBLX:NASDAQ) 10/12/99, British Iaxis to Build $900M Voice and Data Network in Europe 0:55 Fiber Optics builder Global Crossing will soon have to face a tough competitor. British based Iaxis Corporation unveiled plans to build a $900 million dollar voice and data network in the Mediterranean. ON24 Network news is delivered based on your stated preferences. Feel free to forward this report in its entirety. >> Regards, BlackMarlin

To: JDN who wrote (2606)	10/13/1999 10:20:00 AM
From: M. Frank Greiffenstein	Read Replies (2) \| Respond to of 15615

Excerpt from TheStreetcom.... Here is Jim Seymour's take on the GBLX-Racal deal: While all the talk stateside is about whether Global Crossing (GBLX:Nasdaq) is in play or not, Annunziata's Army just made a smart acquisition itself, in Britain. By buying the telecom business of Racal Electronics (RCALY:Nasdaq ADR) for about $1.65 billion -- in an all-cash deal -- Global Crossing bought a great land-side extension of its undersea business to the U.K. for what I think will be seen in a year or two as one hell of a bargain. Global outbid Energis (ENGSY:Nasdaq ADR), in a fast-closing deal not exactly characteristic of the more reserved world of British dealmaking. Which may explain why, in addition to the $350 million premium Global reportedly paid over the Energis offer, Global won the contest. (There's some egg on the face for Energis in this; it's been telling analysts and reporters that the deal was nearly done. Don't miss the great heads-up a month ago from Nick Watson, TSC's U.K. correspondent. Nick's prescience was right on the button, when he said Racal would have a lot of explaining to do on this deal. Just maybe a different kind of explaining.) Racal's high-speed telecom network is buried alongside the tracks of British Rail. Sounds like the strategy of Qwest (QWST:Nasdaq) -- which I am long -- and pipes right into the heart of U.K. population centers and telco exchanges. What it means: A great move for Global Crossing, ultimately much less expensive than it looks today. This kind of deal is essential to becoming the kind of world-scale player Global CEO Bob Annunziata says he wants GBLX to be: Smart, fast, effective dealmaker. Yet another good long, sez I.