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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Wendisman who wrote (24407)	4/20/2000 1:16:00 PM
From: JLS	Read Replies (1) \| Respond to of 57584

TSIX just started trading. Here's the blurb: 360networks wants to circle the globe. To cash in on bandwidth demand, the company (formerly known as Worldwide Fiber) is building a fiber-optic network spanning some 37,800 route miles to serve telecom carriers, ISPs, and business users. The planned network includes 24,100 route miles in North America; 6,100 route miles in Europe; and 7,600 transatlantic route miles. 360networks has agreed to buy GlobeNet, which operates a network linking the US and Bermuda. Canadian construction company Ledcor formed 360networks in 1988 and spun off an interest in 1998. Ledcor retains a 90% voting interest; CEO Greg Maffei (a former Microsoft CFO) owns 8%. Rupert Murdoch and Michael Dell have joined the firm's advisory committee. Financials: hoovweb.hoovers.com Competitors are FTHL LVLT GBLX This was supposed to be a pretty hot offering but it looks like they picked a bad day/month to put it out. Opinions? Julie