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

To: mthomas who wrote (2812)	10/24/1999 8:30:00 AM
From: Jamuck	Read Replies (1) \| Respond to of 15615

Question of the float? The float of FRO was 149,000,000- Shares were exchanged at 2.05 per share of FRO. Doesn't that make the current float of GBLX in excess of 340,000,000 [300,000,000 + 40,000,000 [GBLX's float prior to merger]]. Please correct me if I'm wrong.

To: mthomas who wrote (2812)	10/24/1999 9:53:00 PM
From: Howard C.	Read Replies (3) \| Respond to of 15615

In all my time on SI, I have never seen anyone recommend a BOND. I'm just thinking that at 9%, these bonds could be a nice place for some of my retirement money. Along with my options, of course. Any thoughts?

To: mthomas who wrote (2812)	10/25/1999 11:57:00 AM
From: AurumRabosa	Read Replies (1) \| Respond to of 15615

Martin, Will that be before or after they buy back $500 million worth of GBLX stock? I fully expect a shelf statement authorizing more shares for discretionary use as soon as GBLX breaks through 40, and hangs there for a few days. Remember there are only 40+million shares floating, so a 10 million share authorization could hit the stock price pretty hard. I think the $500 million buyback authorization was a ploy to slow the price drop so they could close the merger with FRO. No need for it any more and the board should cancel the authorization and tell the world they did cancel it. They've said they intend to issue more stock and I expect it to be done to purchase another company and not as a secondary offering to the public.