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

To: JDN who wrote (6514)	6/14/2000 3:09:00 PM
From: MDGO	Read Replies (3) \| Respond to of 15615

Shouldn't options be tied to performance ie. growth, revenues,profits etc. After all options dilutes the value of the stock at the expense of the shareholder and esp. so since GBLX has not yet turned a profit and the stock has plummeted.

To: JDN who wrote (6514)	6/14/2000 4:24:00 PM
From: TechMkt	Read Replies (1) \| Respond to of 15615

D. Telekom says has cash to buy its way into U.S. NEW YORK (Reuters) - Germany telephone giant Deutsche Telekom AG , pursuing an aggressive expansion drive backed by a brimming warchest of 100 million Euros, said Wednesday that no U.S. telecommunications company was beyond its acquisitive reach. ``The market cap of Deutsche Telekom today vs. any American potential acquisition candidate means that nobody is out of reach,'' Deutsche Telekom Chief Executive Ron Sommer told reporters at a press briefing in New York. Deutsche Telekom in March abandoned talks to acquire U.S. merger partners Qwest Communications International Inc. and U S West Inc. , but it still aims to break into the U.S. market, Sommer said. Deutsche Telekom has been rumored to be interested in virtually every major U.S. telecommunications company from SBC Communications Inc. to Bell Atlantic Corp. and Global Crossing Ltd . The company will balance its expansion interests in the U.S. with its need to build its operations in Europe, Sommer said. ``In the medium term, there will be only a few global players in telecom, and a position in the U.S. is a crucial part of that (but) I'm not saying Europe is more important or less important,'' he said. While Deutsche Telekom has long wanted to break into the United States, its ambitions were hampered by its participation in Global One, an international partnership that included France Telecom and Sprint Corp. But France Telecom bought out its Global One partners earlier this, freeing Deutsche Telekom to pursue a U.S. merger or partnership on its own. ``A year ago, nothing was possible because of Global One. Now, strategically we have no position in the (United) States, but we have currencies with which we can make acquisitions,'' Sommer said. Deutsche Telekom can use stock worth up to 100 million Euros for acquisitions without shareholder approval. Any spending above that level would require a shareholder vote. The company also plans to sell $8 billion of bonds, and analysts said the proceeds could be used to fund a possible acquisition along with third-generation mobile telephone licenses. Sommer said Deutsche Telekom's focus in the U.S. will mirror its priorities in Europe: wireless communications, consumer Internet services, data and Internet services for businesses, and network access. The company, however, will not be able to satisfy all of its business interests with just one U.S. acquisition. ``There's no potential candidate in the United States who covers all of our needs. Every candidate means (there's) work left (to do),'' Sommer said. He declined to comment on whether Deutsche Telekom would participate in an upcoming auction of U.S. wireless telephone licenses.