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: gilderite who wrote (4476)	2/22/2000 11:16:00 PM
From: Jane4IceCream	Read Replies (1) \| Respond to of 15615

Not sure if GBLX will dip to 45 tomorrow. Stock closed at 50 after hours on Island Book. Looks like bottom was in high 47's with a nice intraday push from there towards close. I bet there shall be some PR posturing in the next few days. Jane

To: gilderite who wrote (4476)	2/23/2000 1:45:00 AM
From: Robert Sheldon	Respond to of 15615

It is very interesting to note that all the financial acquisition stuff is occurring after GBLX and SoftBank got together on several levels. For those of you out there unfamiliar with SoftBank, I suggest you take a look. I am projecting them as one of the worlds premier financial organizations of the next two decades (yes - 20 years). SoftBank has a habit of getting all its folks and investee companies together for collaboration on additional ventures. It sure seems to me like our friends at GBLX now are leveraging themselves with the richest person on the planet - Masayoshi Son (seriously, he passed Bill Gates early this week). By the way, all the companies listed at the bottom of the GBLX news releases as being serviced by GBLX . . . you got it . . . Masa has huge ownership in most of them. And now I hear he is readying a spin out (finally!) the financial services portion of SoftBank. Something is really cooking here and it sure smells good. Hear is how I summarize SoftBank to folks: SFTBF is a Japanese holding company managed by Masayoshi Son, a revered and successful venture capital investor in Internet focused businesses. We believe that part of Mr. Son's (SFTBF, 9984 in Japan) success is due to the leveraging of cross-business strategies within the company's portfolio of investments. The company also has a systematic process that allows for further creation of value through the lucrative allocation of capital into new investments, as well as participation in pre-IPO opportunities. A simple sum of the parts valuation points to SFTBF selling at a reasonable premium to its NAV [we bought it for a 30% discount last summer]. Most intriguing, the company has been accumulating a number of financial related investments that we believe could place it in the running as an international banking and finance force. In addition, SFTBF is the controlling Internet force in Japan. geocities.com