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

To: Teddy who wrote (4769)	3/8/2000 2:42:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 15615

Uncle Leo? LOL! Jeff << library.northernlight.com Hindery Has Landed: Uncle Leo Takes Over Amid Merger Rumors -------------------------------------------------------------------------------- Story Filed: Wednesday, March 08, 2000 1:08 AM EST Mar. 07, 2000 (CableFAX, Vol. 11, No. 45 via COMTEX) -- One of Leo Hindery's first orders of business as the new CEO of long distance telco Global Crossing will be to figure out who is going to take over the company. Germany's Deutsche Telekom [DTEG] has been the name most frequently bandied about, but Leo's not talking about them. "It sounds like I'm being facile, but I don't even think of our competition. I never do," Hindery told sister pub Communications Today. "We are committed to having the best resources possible. If we do that, there is no competition. If we do it badly, we're toast." Also on Leo's radar screen: the launching of a tracking stock, with an IPO expected to launch by summer. "It's selfish, but I think we're pretty good at this and we know what we're doing," Hindery says. "I like the side-by-side style [of tracking stocks]; I think it has the potential to bring value." Leo is replacing Bob Annunziata, who is described as someone who specializes in building small companies. However, Annunziata is known to have had strained relations with the company's chair Gary Winnick. "I would have been more than happy here to just do this one with Bob side-by-side for a long, long time," Hindery told sister pub Communications Today. "I certainly had no interest or aspiration to do anything more than help Gary [Winnick] on Global Center while Bob ran Global Crossing." Copyright ¸ 2000, Phillips Publishing International, all rights reserved.