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

To: JDN who wrote (3785)	12/29/1999 12:14:00 PM
From: James Fulop	Read Replies (2) \| Respond to of 15615

Anybody know much about the New Millennium Development Group Inc? Apologies if this has already been discussed here..(and if so, would anybody be able to point out which posts talk about it?) Thanks >>NMDG Names Marconi and Pirelli Suppliers for $5 Billion Global Network 12/28/99 By Erik Kreifeldt Starting with a $1.2 billion initial contract for a European network, New Millennium Development Group Inc. (NMDG, West Palm Beach, FL) has named Marconi plc (London) and Pirelli Cable Systems (Milan) as the principal suppliers to design and build its $5 billion global telecommunications network. "We're mostly building the network from scratch," reports NMDG chairman Daniel Imperato. The supply contracts are going though final negotiations, Imperato says. NMDG is buying primarily turnkey undersea systems?cable, backhaul, dense wavelength division multiplexing systems (DWDM), switching equipment, synchronous digital hierarchy (SDH) gear, and ships. Pirelli will partner with KDD Submarine Cable Systems (Tokyo) to supply NMDG's network. Imperato likens the strategy of NMDG to that of Global Crossing (Hamilton, Bermuda), which got its start in becoming a global carrier by developing undersea cable systems. "We feel that there's room in the marketplace to compete," Imperato says. NMDG will begin presenting its differentiation from a crowding field of global fiber optic network developers in the next three weeks or so, Imperato says, adding that he's not at liberty to discuss the matter now. He does, however, forecast strategic partnerships between NMDG and both carriers and suppliers, including capacity purchase agreements.<< fiberopticsonline.com{9C0F4EE6-B8AE-11D3-9A7E-00A0C9C83AFB}&Bucket=News+Analysis

To: JDN who wrote (3785)	12/29/1999 4:05:00 PM
From: CF Rebel	Read Replies (2) \| Respond to of 15615

A little perspective about the short shares; the number of shares presently short is less than 10% higher than in October's report. However, the October number may have been based on a much smaller float than we have now. The Frontier merger at the end of September expanded the float in multiples so the short shares don't look too bad - and you have to expect a few more short shares with increasing price. I wouldn't short this one, though. Also, if I remember correctly, the insiders' self-imposed share lock-up ends April 1, 2000. CF Rebel