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

To: Big Bucks who wrote (4795)	3/12/2000 6:08:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 15615

Looks like they're just buying a FLAG asset, not the whole company: The Saudi Telecom Company (STC) has purchased a $1.5 billion underwater cable system from FLAG Telecom Holdings Ltd. to boost the kingdom's global connectivity, the Saudi Gazette reported on Sunday. [...] STC said a consortium of companies outside Saudi Arabia and the Saudi private sector will help pay for the cable system which will stretch from the Red Sea port city of Jeddah to the United Kingdom and the United States.

To: Big Bucks who wrote (4795)	3/12/2000 6:13:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 15615

Bucks, You are right about being in play. That's why I have amended my earlier comment about "GBLX not for sale". Anything is for sale (as you know) and Leo is now in charge, who whipped TCI in to shape and then dumped it off to T.... It's a no brainer IMO. Might even put a bit of Father's money in it (he's conservative) As we all know, Global Center is worth some nice change by itself even if the street is focused elsewhere. I mean, just look at EXDS and WE OWN THE NETWORK TOO, talk about a bundling sell opportunity. The best to you, MileHigh