Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Curtis E. Bemis who wrote (5659)	4/19/2000 8:52:00 AM
From: Curtis E. Bemis	Respond to of 15615

From the S3 filed today-- GCTR, a "tracking stock" Disposition Global Crossing Ltd. currently intends to dispose of the Global Crossing group's inter-group interest in the GlobalCenter group following this offering in the form of additional GlobalCenter group stock. This disposition is expected to include a distribution in the form of a dividend to holders of Global Crossing group stock for at least a portion of such interest, but may also include an exchange offer, a further sale of GlobalCenter group stock or a combination thereof. Global Crossing Ltd. currently intends to dispose of the inter-group interest at some time after this offering, but has not yet determined the exact method and timing of this disposition. Global Crossing Ltd. expects to base its decision with regard to the method and timing of the disposition on market conditions and the target of maximizing value for all Global Crossing Ltd. stockholder groups. The disposition may occur in several stages, following which we expect that the outstanding shares of GlobalCenter group stock will reflect 100% of the economic performance of the GlobalCenter group. There is no guarantee, however, that any disposition will follow this offering.