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Technology Stocks : GST Telecom (GSTX) 4th quarter earning -- Ignore unavailable to you. Want to Upgrade?

To: transmission who wrote (300)2/22/2000 1:04:00 PM
From: MangoBoy  Read Replies (2) | Respond to of 369
 
[GST Telecommunications Receives $26.8 Million for Sale of Remaining Global Light Telecommunications Stock]

VANCOUVER, Wash., Feb. 22 /PRNewswire/ -- GST Telecommunications, Inc., a leading Integrated Communications Provider (ICP) in California and the western United States, today announced that it has sold its remaining 1.5 million shares of Global Light Telecommunications, Inc. common stock for approximately $26.8 million.

Including the previously-announced sale of 2.1 million shares on February 1, 2000, GST has now sold all of its holdings of Global Light Telecommunications common stock, receiving a total of approximately $56.8 million for the 3.6 million shares.



To: transmission who wrote (300)3/7/2000 12:10:00 PM
From: Rob Preuss  Read Replies (1) | Respond to of 369
 
This article (dated 1/31/00) about the CEO's resignation
states:
"Basile's resignation clearly makes it more likely that GST
will look for an acquirer, Hodulik said. Financial
analysts have been saying for several months that GST is
a prime takeover target for a telecommunications company
looking to quickly establish a West Coast presence. "

amcity.com


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