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

To: qbull who wrote (5660)	4/19/2000 9:02:00 AM
From: Curtis E. Bemis	Read Replies (1) \| Respond to of 15615

Yes, I believe that is correct-- Holders of GBLX will get GCTR. I do suggest a through read of the S3 filed today. It is quite lengthy and somewhat complicated. My take is- 1. The shareholders of GBLX first have to approve of the conversion into "GlobalCrossing Group", the parent company. 2. Then the parent company can issue the GCTR dividend Voting and management issues are complicated-I'm still reading but taking a break from it right now.

To: qbull who wrote (5660)	4/19/2000 10:01:00 AM
From: TechMkt	Respond to of 15615

GBLX circuits getting 'lit' Fez ____________________ Ursus Estimates 20% Traffic Increase to 62 Million Minute/Quarter Run Rate; IP Network Run-Rate Growing With NewPartners Joining Network This Quarter SUNRISE, Fla.--(BUSINESS WIRE)--April 19, 20000--Ursus Telecom Corporation (Nasdaq:UTCC) announced today its estimated run rate on UTCnet(TM), as Voice over IP traffic is growing to unprecedented levels due to high density traffic routes it is developing with Public Incumbent Telephone Operators (ITO's) around the world. Sources at Ursus disclosed the construction of expanded VoIP network facilities in Europe and Asia which will increase capacity in the near term by 700%. This new capacity of nearly 5,000 circuits is intended to enable additional ITOs with interconnection capability to UTCnet(TM), the Ursus global network. In order to accommodate potential demand, Ursus is lighting up over 15,000 circuits of Global Crossing and FLAG fiber optic cable into Miami. The Ursus network model is to make joint venture type agreements with ITO's and build large scalable VoIP intranets which replace traditional transit networks for international traffic terminations. This allows an ITO, who is usually the dominant operator in the country, the ability to bypass old fashion settlement arrangements and create new sources of revenue and improve operating margins. "Each of the players in the VoIP space has a model which fits what they believe is the ideal platform for their particular flavor of VoIP," said Luca Giussani, C.E.O. of Ursus, "Ours is to follow the legacy of telephone companies which have traditionally operated on a large scale, developing hundreds of millions of minutes of international termination traffic from country-class international Gateways. We deliver VoIP which is scalable, reliable and built on standards that make it truly a toll quality class of service that is indistinguishable from traditional circuit switched telephony." Giussani said his company's model should not be confused with those of some IP telephone companies which often interconnect many little "next-gen telecom entrepreneurs" into a sort of global Co-Op network. Typically, this is accomplished using the public internet, where their telephone calls must compete for the same unmanaged bandwidth as files, web-pages, video images and e-mail. Ursus expects to announce new global alliances and partnerships in the near future.