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

To: Robert Sheldon who wrote (3602)	12/15/1999 7:08:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

Robert Sheldon, thanks for your work collecting information "on the venture capital side of things." i saw article a few months ago (before the Frontier merger closed) that i can not find that Global Crossing put a few million bucks into a new Israeli Internet related start up fund run American International Group (NYSE: AGI). Sorry that i lost the details. Looking forward to your report on the VC.

To: Robert Sheldon who wrote (3602)	12/16/1999 8:35:00 AM
From: quidditch	Read Replies (1) \| Respond to of 15615

Robert: I would rather see the company eventually sell some of the interests to fund further buildouts.... This is particularly the case in respect of the following, relatively minor but still significant quibble with GBLX's execution of its strategy regarding PEC. GBLX has the first ring built and will connect to North America and Latin America via (I presume AC-1 or AC-2) and PAC, or whatever the ring is called connecting AC-1 with the Caribbean and Latin America. But Spain and Portugal are not to be connected within PEC until 2002 or so (if I have the dates right). Far and away, by far, the value of PEC and the European ring with any Latin American connection would be attributable to Spanish and Portuguese institutions--Banco Santander (investment and banking powerhouse), Banco Bilbao, Espiritu Santos, Telefonos de Espana, Telefonos de Argentina, Telespacoes, all the former Telebras companies, Electrobras, Deutsche Bank interests and on and on--would jump start business between Europe and Latin America. Leaving Spain and Portugal out of PEC until 2002 is an unfortunate consequence of limited funds to deploy and, hopefully, not management's error in not seeing the dynamic between Iberian countries and Latam. Best, Steve, posting you from Perth, Australia, where I am working with a telecom company with undersea fiber landings and rights into Asia, Japan, and US--that are not GBLX's, malheureusement. Glad to see you are back from your busman's holiday preoccupation with the V thread <gg>