To: JDN who wrote (3531 ) 12/10/1999 4:03:00 PM From: halftime Respond to
Breifing.com likes GBLX:Global Crossing (GBLX) 46 3/4 +2 3/8: In the go-go tech sector there aren't many stocks that we still find attractively valued... GBLX is one such exception... Though the stock has recaptured much of its summer, merger-related losses, the stock remains 27% below its 52-wk high of 64 1/4... This despite some very positive developments... Briefing.com excited by company's joint venture with Softbank and Microsoft (MSFT) to form Asia Global Crossing... The venture will initially construct East Asia Crossing that will link Japan, China, Singapore, Hong Kong, Taiwan, South Korea, Malaysia, and the Philippines with broadband functionality and connect these fast-growing markets to Global Crossing's worldwide fiber-optic network serving the Americas and Europe... It is GBLX's global fiber-optic network which makes the company such a good long-term growth story, as they are at the forefront of the bandwidth revolution... Tapping into the explosive potential of Asian marketplace elevates GBLX into the upper echelon of global telecom services companies... Company's recent announcement that it may spin-off its GlobalCenter Internet services unit also good news, as doing so would certainly enhance shareholder value... GlobalCenter handles more than one trillion hits per year, hosting more than 300 of the top Internet brands, including Yahoo!, The Motley Fool and Ziff Davis Inc... The addition of former AT&T executive Leo Hindery to head up this unit was also an impressive hire... Hindrey not only bolsters an already strong management team, but it shows that GBLX is able to attract those people consider to be among the best in their business... Briefing.com's long-term target for the stock is $80. - RW
