Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: gizelle otero who wrote (2822)	10/27/1999 1:11:00 AM
From: mthomas	Read Replies (1) \| Respond to of 15615

John, do you then figure the float at ~350MM shares (300MM for FRO and 45MM GBLX), and then add in just the remaining 100MM shares outstanding of GBLX for total shares of ~440MM? The purchase of 500MM dollars worth of stock would only reduce that 350MM float by ~14.3MM shares, or 4%. I just cannot believe GBLX has the money for the repurchase, nor does it appear to be the best use for the money if they do have it.....but they are driving the bus, not me (thankfully). Any thoughts?