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


To: JDN who wrote (6322)5/28/2000 7:34:00 AM
From: Curtis E. Bemis  Respond to of 15615
 
If you scan back a few posts on this thread, you will see
discussion on Proposals 3 and 4. Personally, I said NO to
both.



To: JDN who wrote (6322)5/28/2000 10:34:00 AM
From: TechMkt  Respond to of 15615
 
JDN,
It leads me to believe that a buy out s more likely.

Annunziata would have elected to take stock instead of options if the company had a long term (many years) goal. However, options will instantly appreciate more than stock , on a percentage basis, on a buyout making him that much richer.

Also, I think they are not too worried about debt for a buyout. United Airlines just bought US Air, who had $5 billion in debt.

I still think the buyout route is very credible

NOTE: Tomorrow or Tuesday, France Telcom will announce their buyout of Orange.

Fez



To: JDN who wrote (6322)5/29/2000 2:24:00 PM
From: quidditch  Respond to of 15615
 
JDN, fair points; on good will and intangibles, not surprising in light of the non-stop acquisition spree that GBLX has been on since summer of 1999: all of those deals valued the acquired entity at prices substantially (in some cases, embarrassingly) in excess of book--of course paid with what at the time was (until this year) cheap stock.

I haven't received my materials yet so can't really comment on the rest.

Steve