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

To: TechMkt who wrote (6468)	6/11/2000 2:38:00 PM
From: Ellen	Read Replies (1) \| Respond to of 15615

Fez, I couldn't agree more about CIBC's motivation to sell some of their shares. From that article: Mr. Verdun said he cannot understand why CIBC wouldn't have trumpeted the fact that it made such a huge profit on the investment. "Investors have been waiting for the payoff." All in all, I sort of don't see what all the fuss (some people are making) is about regarding their sell. They still hold approx. 60 million shares and were merely acting on behalf of their own balance sheet, imo. Besides, there ARE other institutional holdings as well as mutual fund holders. With all this broohaha over the CIBC transaction, it's interesting that no one seems to have picked up on the fact that Barclays Bank increased their GBLX holdings by over 1,000% in the last quarter. I know they are not the largest holder, but they are among the top 10 institutional holders. Anyway, the % increase by them is of note. To me anyway.