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

To: RobertSheldon who wrote (6478)	6/13/2000 6:04:00 AM
From: Wyätt Gwyön	Respond to of 15615

05:55 ET Equant NV (ENT) 42 3/8 : France Telecom (FTE : 152 15/16) and Global Crossing (GBLX: 28 5/8) are, according to the Tuesday edition of WSJ Europe, said to be holding talks in a bid to acquire the Amsterdam-based telecoms firm .

To: RobertSheldon who wrote (6478)	6/13/2000 6:10:00 AM
From: Wyätt Gwyön	Respond to of 15615

interactive.wsj.com For now, negotiations between the Amsterdam-based telecommunications company and France Telecom are further along, although they could still break down, people close to the companies say. France Telecom is eager to unite its Global One business with Equant's beefed-up network, a move that would give Global One added firepower against its chief rival, Concert, a joint venture between AT&T Corp. and British Telecommunications PLC. U.S.-based Global Crossing has been pursuing a rival attempt to acquire Equant, say people familiar with those talks. But the preliminary talks between Global Crossing and Equant could intensify quickly because France Telecom's right to negotiate exclusively with the Dutch company recently expired. Global Crossing's chairman and founder, Gary Winnick, believes that a bid of up to $10 billion for Equant would make sense, but he isn't inclined to offer much more of a premium, these people say. One of the reasons is that Global Crossing's share price has plunged over the past year, making the company less able to afford a big premium. Equant's market capitalization is about $8.5 billion