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


To: JDN who wrote (4761)3/7/2000 10:29:00 AM
From: James B. Ditsworth  Respond to of 15615
 
<<<No disrespect, but a TRACKING stock is NOT a separate entity. IMHO shares of a tracking stock would in fact be issued to GBLX shareholders. I may be saying this wrong, but what I am trying to get out is that the tracking stock results would be folded into the parent results. JDN>>>

This was my point in posing the question to Global Crossing's Investor Relations. Global's press release indicated it would be a tracking stock, but that it would be used to generate cash for the company (a la an IPO). This generated some confusion here on the thread and I simply thought I would follow up.

Regards,