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

To: Big Bucks who wrote (5786)	4/24/2000 3:03:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 15615

FWIW, exerpt:from Proxy filing. Upon the completion of the offering, each outstanding share of our existing Global Crossing common stock will be designated as Global Crossing group stock. Global Crossing group stock is intended to reflect the separate performance of our Global Crossing group, consisting of all of our other businesses and the Global Crossing group's ownership of the unsold portion of the GlobalCenter group. We intend to dispose of the shares representing the Global Crossing group's ownership of the GlobalCenter group following the initial public offering. This disposition is expected to include a distribution in the form of a dividend to the holders of Global Crossing group stock. The decision to make such a disposition and the precise method and timing will depend on market conditions and other factors. After this intended disposition of the GlobalCenter group stock, your ownership in Global Crossing will then be represented by two stocks: GlobalCenter group stock--which will reflect the performance of our GlobalCenter business--and Global Crossing group stock--which will reflect the performance of all of our non-GlobalCenter businesses. BB