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: TechMkt who wrote (4549)	2/29/2000 11:49:00 PM
From: Theophile	Respond to of 15615

I don't get the $2BB thing for GC. I would think that if a spin off pulls in 2BB on IPO, that money goes into the new company. If some entity (GBLX) owns 80% of the spin off, then 80% of the spin off Market Cap is attributed to that entity (GBLX). Market Cap will be far more than the IPO receipts ($2BB), which must by definition belong to the new company, no? Please advise. Thanks......Martin Thomas PS: I really like the new moniker: "the Bermuda Behemoth" .......yeah, way cool.....MT