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

To: tayspop729 who wrote (6297)	5/25/2000 3:05:00 PM
From: Umunhum	Respond to of 15615

Scott, GBLX will IPO and spin off shares of GCTR to current GBLX stockholders ( later in the year ). There are several benefits to this: 1. GCTR will get needed capital to expand its business. 2. The sum of the parts are worth more than the whole. 3. It separates the business of web hosting and selling capacity on the glass. I'm sure EXDS doesn't like that fact that they are sending $$$'s to their competition. When GBLX and GCTR become separate entities this wont be a problem anymore. Right now EXDS doesn't have much choice over whose lines they send their data but in the future this could be a problem. I believe they are spinning off Asia Crossing per their agreement with both Hutchinson and Microsoft wanting their value unlocked.