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

To: qbull who wrote (5079)3/31/2000 8:40:00 AM
From: TechMkt  Respond to of 15615
 
When Asia Crossing was formed, management stated that GBLX shareholders would receive shares. I believe this was said during a quarterly earnings CC on the web.

If someone can find any documentation to back this up it would be greatly appreciated.

Asia Global Crossing is referred to as an IPO because it is a jointly owned entity with Softbank and Micrsoft.

GlobalCenter is wholly owned by GBLX and is being spun-off as a separate company, still largely owned by GBLX.

In the end, the result is the same: Asia Crossing and GlobalCenter become their own public companies.

Fez



To: qbull who wrote (5079)3/31/2000 8:41:00 AM
From: JDN  Read Replies (2) | Respond to of 15615
 
Dear qbull: An IPO is an IPO regardless whether it is an affiliate company or a spinoff of a subsidiary like Global Center. As to the former I think there is NO CHANCE we would get any shares as GBLX is one of 3 partners in the deal. As to the latter I dont think its been announced but I would consider our chances of getting any shares or even the opportunity to participate in the IPO as MINIMAL. jdn


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