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

To: Brian P. who wrote (3856)	1/5/2000 11:10:00 PM
From: Barbara Bullard	Respond to of 15615

Hello GBLX board, I was wanting more info on the proposed two spinoffs from global crossing that were referenced earlier. Can someone point me to earlier replies that speak specifically to what is to be split off and when and why? Or give me a quickie update? TIA, Barbara B

To: Brian P. who wrote (3856)	1/6/2000 1:31:00 AM
From: Frank A. Coluccio	Read Replies (2) \| Respond to of 15615

Brian, you are too kind. If you find some of my gibberish unintelligible, speak up, since many others are probably likewise befuddled... and we'll either settle it quick-like right here, or take it to the FCTF. Subject to public outcry about OT traffic, of course. Subject 30664 Alex? Why, Alex is doing fine. We've got him going to Unix school now, finally, out in Boulder. He said that MIT was too close to home for him. I'll tell him you were asking. Regards, Frank

To: Brian P. who wrote (3856)	1/6/2000 11:05:00 AM
From: Lou Weed	Read Replies (1) \| Respond to of 15615

Sidenote to Brian.....I did a little more digging on the Ireland question and found this; IDA Ireland signs deal with Global Crossing IDA Ireland recently co-signed a deal, which will mean increased broadband connectivity for Ireland, available at more competitive prices, from an increased number of providers. The following brief extract from IDA's eCommerce brochure outlines the main points of this deal. The development of Ireland as a significant centre for eBusiness/commerce is a key part of Ireland's industrial strategy over the next decade. Therefore whilst Ireland already provides extensive access to global telecommunication links, the Government and the private sector have embarked on a very ambitious program of international connectivity enhancement. On the 5th July, Taoiseach Bertie Ahern signed a supply agreement with Global Crossing for the provision of an Internet-ready superhighway for Ireland. This agreement provides for an initial 25Gbit/s of enhanced connectivity, which is fully upgradeable to 279Gbit/s. The landing in Ireland of 12 twinned pairs of fibre provides, in reality, almost unlimited broadband capacity to Europe, the USA and Asia. The arrival of AC1* and AC2* will provide Ireland with access to a state-of-art IP/WDM# network. This will, by summer 2000, provide a seamless city-to-city service to 15 European centres including London, Paris, Brussels, Amsterdam, Frankfurt, Milan, Zurich and New York. In quarter 1, 2001 this service will be extended to a further 9 cities and provide access to all the major business centres in the World. The provision of this enhanced connectivity will also include the development of an Irish Telehouse, in Ireland's first National Digital Park in Citywest, which will provide for access and co-location on an open and equal basis. * Atlantic Crossing 1 & 2: Global Crossing's transatlantic fibre cables. # Internet Protocol/Wave Division Multiplexing: IP is the standard which provides for transport of information across dissimilar networks. WDM is the technology which allows the capacity of existing fibre optic cable to be upgraded. Also some stats on the Irish economy which should bode very well for GBLX profitability going forward........ Economy Ireland has experienced five straight years of stunning economic performance and today is a world leader in a number of aspects in this area. No other OECD member country has been able to match its outstanding outcomes in a variety of dimensions. Output growth has averaged over 9% per year on a GDP basis in the period 1994-1998. Half of that growth has been reflected in considerable employment gains and the rest in impressive labour productivity growth. There have been substantial increases in the labour force, thanks to Ireland's particularly favourable demographics and to an important reversal in migration flows. Unemployment has fallen by nearly 9 percentage points to 6.4%. Consumer Price Inflation has remained below 2% over the past year, despite the economic boom. (Source: OECD Economic Surveys - Ireland, June 1999) Country Real GDP Growth 1998 1999 Projections Ireland 10.4% 7.5% UK 2.1% 0.7% France 3.2% 2.3% Germany 2.8% 1.7% Neths 3.8% 2.2% Spain 3.8% 3.3% Portugal 3.9% 3.1% USA 3.9% 3.6% Japan -2.8% -0.9% Source: OECD Economic Outlook, June 1999