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To: SecularBull who wrote (6274)	4/11/2000 12:30:00 PM
From: Seldom_Blue	Read Replies (2) \| Respond to of 8096

LOF, I believe you may have triggered a wash sale. Check this weekend's discussion. Of course I am no tax expert. Seldom Blue

To: SecularBull who wrote (6274)	4/11/2000 12:35:00 PM
From: SecularBull	Respond to of 8096

To: SecularBull who wrote (6274)	4/11/2000 1:17:00 PM
From: Jill	Respond to of 8096

Lof, don't know if you're still interested in that play. I got out of my glbx puts at a loss and sold brcm puts instead. Also bought 1 (yes 1) brcm call. This was when it was lower earlier today. I'm holding onto cnxt April puts. Global Crossing Ltd. (NasdaqNM:GBLX - news), a Hamilton, Bermuda-based global fiber optic telecommunications network provider and the No. 5 U.S. long distance company, on Tuesday said it priced $2.419 billion in common and convertible preferred shares, a decrease from the $3.25 billion it had planned to raise. The company priced offerings of 43 million shares of common stock totaling $1.419 billion, and 4 million shares of cumulative convertible preferred stock totaling $1.0 billion. The shares of common stock were priced at $33 each. The company said it sold more than half of the shares, while existing shareholders sold the remainder. The convertible preferred shares, which mature April 15, 2012, carry a liquidation preference of $250 par value per share. That means that an investor still holding the stock on that date will receive $250 per share. The convertible preferred shares carry a 6.75 percent coupon, and are convertible into Global Crossing common stock at $39.60 a share, a 19.8 percent premium over the stock's Monday closing price on Nasdaq of 33-1/16. Goldman Sachs & Co., Merrill Lynch & Co. and Salomon Smith Barney managed the offerings. On March 31 Global Crossing had said it planned to sell $1.25 billion of common stock and $750 million of convertible stock, and that current shareholders intended to sell $1.25 billion of common stock. The company was not immediately available for comment. The company said on March 31 it would use sale proceeds to expand products and services on the Global Crossing Network. At the time, it said the proceeds, together with proceeds from equity and debt financings to be completed this year by its Asian joint ventures and other units and affiliates, would fully fund Global Crossing's expected business expansion activities this year.