Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MileHigh who wrote (4195)	2/6/2000 1:48:00 PM
From: Brent Hogenson	Read Replies (1) \| Respond to of 15615

I believe that if GBLX doesn't spin off the GC shares to the shareholders at the IPO, (which they probably wont) they can't do it later without incurring a tax liability. So GC will remain in GLBX and GBLX will probably sell off small increments as time passes for funding. (assuming they need it) A case study of this if anybody is interested is SEG. They spun their software department into VRTS. The frustrating thing about SEG (and this could happen to some extent to GBLX) is the value of the 85 million shares they own in Veritas Software exceeds their market cap. What I am most interested in is getting IPO shares of GC. As shareholders, we should get first crack at them. This is definitely going to be a hot IPO. I bet if enough shareholders request this we may get the ear of management. Grass roots campaign anyone?