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

To: mike thomas who wrote (6222)	5/23/2000 11:00:00 AM
From: Curtis E. Bemis	Respond to of 15615

We may have to send FC on a mission (as was suggested earlier). Frank, can you get to Foley Square. Need to see what the "substance" of this 1B$ suit is all about. nysd.uscourts.gov

To: mike thomas who wrote (6222)	5/23/2000 11:11:00 AM
From: SecularBull	Read Replies (1) \| Respond to of 15615

Your conclusions are VERY HASTY and may be proved to be very inaccurate. If you've followed the Tyco matter for any amount of time, you would have to admit that it is a very complex business/competitive problem. By declaring some months ago that they (Tyco) would cease building undersea networks for third parties and build them for their own use, it is very possible that Tyco broke some contractual obligations with GBLX (a non-compete clause). Furthermore, if Tyco in building its network is using GBLX's proprietary knowledge (or confidential business plans) that it received out of its prior relationship as contractor to GBLX, then that too can be a major problem for Tyco. The Tyco smoke screen about GBLX not paying bills is most probably a load of BS. GBLX is probably withholding payment due to this dispute. Why fund a competitor, when a competitor who used to be your contractor has stiffed you on a contractual obligation? Hmmm? We need more information before any preliminary conclusions can be made. Regards, LoF