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

To: RobertSheldon who wrote (5936)	5/1/2000 5:10:00 AM
From: JDN	Read Replies (1) \| Respond to of 15615

Dear Robert: Not so fast Alaskan. Both of those gentlemen are used to working for mega companies, so if GBLX is sold to some behemoth probably wont bother them. I find the bottom of the PR more telling: JDN The company also announced that David Lee, one of Global Crossing's founding partners, will be leaving the company after a transition period of several months. Said Hindery: ``David Lee passes on to Gary Cohen a terrific legacy by any measure: in route miles, in cities served, and in products introduced. David and the founding partners who nursed Global Crossing through its infancy have taken a brilliant idea and transformed it into an asset worth many billions of dollars.''

To: RobertSheldon who wrote (5936)	5/1/2000 9:36:00 AM
From: DWB	Read Replies (1) \| Respond to of 15615

I tend to agree with this point of view. Both of these men would have been made aware of any ongoing or impending negotiations to sell the company due to their level in the company. If it was all going to get sold to DT next week, why come over and risk losing your position, unless you get some golden parachute clauses in your contract. Looks like GBLX may just stay the course... The loss of Lee, after the recent departures of Annunizata and Brown is a bit disconcerting, but, maybe Leo is trying to reshape the upper management into what he thinks it should be, with people he feels comfortable with. DWB