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

To: Joe Wagner who wrote (4717)	3/4/2000 2:08:00 AM
From: Jeffrey D	Respond to of 15615

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 CMS Energy Corp. and Pico Holdings Inc. Mar/03/2000 23:22

To: Joe Wagner who wrote (4717)	3/5/2000 8:44:00 PM
From: malcolmsutherland	Respond to of 15615

Joe, I had to respond to this as I have a vested interest in web broadcasting. Whilst iCAST sounds and looks good I have been following another "upstart" (there's that word again) called BroadcastAmerica.com; formerly known as BroadcastMusic.com. Check them out if you are interested in this stuff. There is no doubt in my mind that a healthy war for web broadcasting is about to commence as companies such as these begin to go public. With cheaper and faster internet access becoming available (thanks to the like of GBLX) the future of broadcasting over this medium looks very bright indeed. BroadcastAmerica already has over 300 radio stations "hooked up" and judging by the jobs section on their web page, this company will list quite soon. The magnitude of BroadcastAmerica by far dwarfs RealNetworks, and look what they did. I think that iCAST will have a fight on their hands to claim the "largest International broadcast network over the internet" title! Malcolm Sutherland.