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

To: mthomas who wrote (3474)	12/7/1999 5:46:00 PM
From: BI*RI	Respond to of 15615

Snippets from DLJ Analysts Update regarding recent hire: We view this development favorably and see Mr. Hindery adding credibility to a company with executive ranks stocked with well-known industry veterans...........GBLX shares rose 5% yesterday on the news, and we believe they would have risen further were it not for the fact that the stock had already run up substantially in recent weeks, partially on takeover speculation. (If anything, the Hindery hire and tracking stock plan would indicate that a takeover may not be imminent.) My comment: I was delighted to see this hire, as just the night before the announcement, I was catching up on my Fortune and Business Week Mag reading and had just read an article about what a blow the loss of Hindery was to AT&T's plans.....What a respected person he is in the business, trusted by others, and very much of an insider who could get things done.