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


To: malcolmsutherland who wrote (4702)3/3/2000 7:22:00 PM
From: David C. Burns  Read Replies (2) | Respond to of 15615
 
ON24 Audio Investor Alert: Deutsche Dumps Global Crossing or Reports of Deutsche Telekom Global Crossing Talks False

--(BUSINESS WIRE)--

Telecommunications giant Deutsche Telekom has abandoned talks with Global Crossing, sources say.

For the complete streaming audio story users should access on24.com.

Ticker: (NYSE:DT) Company: Deutsche Telekom



To: malcolmsutherland who wrote (4702)3/4/2000 4:34:00 AM
From: JDN  Read Replies (1) | Respond to of 15615
 
Dear Malcolm and all: Well, maybe M/L saw fit to downgrade but here is what an actually mutual fund manager had to say on a respected financial show. JDN

Global Crossing Recommended by Fund Manager on PBS' `Rukeyser'


Owings Mills, Maryland, March 3 (Bloomberg) -- Global Crossing Ltd., which is building a worldwide telecommunications network, is set to see its stock rise as it expands, said a fund manager on ``Wall Street Week With Louis Rukeyser.'

Global Crossing, which provides voice and Internet services with operations in North and South America, is expected to expand in Europe and Asia, ``with some very interesting deals likely to be announced in the next six months,' said Maura Shaughnessy, who oversees MFS Utilities Fund. She expects to stock to climb to 75 from today's close of 56 7/16.

The Hamilton, Bermuda-based company sells time on undersea and land-based fiber-optic networks to other phone companies, businesses and consumers. Germany's largest telephone company, Deutsche Telekom AG, held talks to buy Global Crossing, a person familiar with the situation said.

``The consolidation in the telecom industry is going to continue,' said Shaughnessy. ``We'll have just four or five companies ruling telecom land in the next three to five years.'

Shaughnessy has 50 percent of the MFS Utilities Fund, part of Boston-based MFS Investment Management, held in telecom stocks. She has 25 percent in natural-gas companies and the remaining 25 percent in electricity companies.

She recommended Houston-based Enron Corp., the world's largest marketer of power and natural gas, saying the company is ``the biggest winner of deregulation.' Enron fell 1/8 to 68 1/2.

She also recommended El Paso Energy Corp., owner of the biggest U.S. network of interstate natural-gas pipeline, and mentioned CM