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

To: professor who wrote (4193)2/6/2000 3:45:00 AM
From: JDN  Read Replies (1) | Respond to of 15615
 
Dear Professor: I hate to burst your balloon but I think it highly unlikely we GBLX will be receiving any DIRECT shares from the upcoming IPO. What they most likely will do, and actually really best in the long run for investors is as follows: They will do a partial IPO first. Run the shares up increasing the majority value of the Global Center for GBLX. Using that value they will leverage to finance further expansion. Maybe, down the road, they will dividend out all or some of the Global Center shares to existing shareholders of GBLX but not likely in the time frame most people think of. JDN



To: professor who wrote (4193)2/6/2000 11:23:00 AM
From: MileHigh  Read Replies (1) | Respond to of 15615
 
What they might do is not give anything to shareholders. But will offer, say 10%, to the public and then we will have priced (or unlocked) the market value of Global Center.

That is, if 10% of Global Center is sold off and becomes worth $2B, then the other 90% is worth $18B and would increase the share price of GBLX in some manner depending on what was or is already reflected in the current GBLX price. So we should win anyway...

MileHigh


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