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

To: N. David Lessani who wrote (3466)	12/6/1999 8:56:00 PM
From: Joe Wagner	Respond to of 15615

Since Global Crossing is building the ultimate "Global Network" from scratch, it takes tremendous amounts of funding. The first company to connect the major cities of the world with one giant fiber network, will get a big jump on the competitors, in it's ability to compete. Therefore, it makes sense for GBLX to help create critical mass by issuing a small percentage of its hot, internet hosting business, as an IPO, and then use its newfound value of the majority interest, to obtain superior leveraging power in its financial dealings, to roll out the continued expansion necessary to become the foundation for the Global Internet. The IPO will be like yeast in bread, creating something much larger than could have been without it. I think it sounds good. JW

To: N. David Lessani who wrote (3466)	12/8/1999 11:50:00 PM
From: Ellen	Read Replies (1) \| Respond to of 15615

Speaking of an ipo for the Global center, has this been mentioned before (below)? Didn't recall seeing it here, so thought I'd post this. totaltele.com Global Crossing Ltd., Hamilton, Bermuda, plans to list separately its Asian network within the next two years. The new venture, called Asian Global Crossing, will comprise the carrier's existing majority stake in a trans-Pacific undersea cable with a new regional network linking seven Asian countries. Microsoft Corp. and Softbank Corp. will each invest $173 million for 3.5% stakes in the venture initially, but their stakes would rise as the value of the Asian network grows. Global Crossing plans to invest $1.28 billion in the construction of the new network over two years.