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

To: RobertSheldon who wrote (6530)	6/15/2000 1:16:00 PM
From: gruetz	Read Replies (1) \| Respond to of 15615

Robert: Why is it necessary for GCTR to be launched for a DT acquisition of GBLX? Why wouldn't DT want the web hosting business? BTW, it sure seems to me that the market is assuming DT wants Q and not GBLX. That view is based on how Q is trading relative to GBLX.

To: RobertSheldon who wrote (6530)	6/15/2000 3:02:00 PM
From: SecularBull	Respond to of 15615

Foreign Telcos Get Grabby For U.S. Market By Kathleen Cholewka - Forbes.com The year 2000 has seen foreign telcos make aggressive inroads on American soil, buying or in discussions to buy U.S.-based Internet and infrastructure companies. This week, Brussels-based Global One inked a deal with U.S.-based competitive local exchange carrier (CLEC) Intermedia Communications (Nasdaq: ICIX - news), in which Intermedia will supply local access, broadband and data services to Global One customers in the U.S. for the next three years. Global One plans to set up a sales force in 12 U.S. cities by year's end and will continue to acquire and spend possibly up to $200 million over the next few years in establishing a global presence. Global One was riddled with management and financial problems when it was owned jointly by France Telecom (NYSE: FTE - news), Deutsche Telekom (NYSE: DT - news) and Sprint (NYSE: FON - news), but revived when France Telecom bought it outright for $3.8 billion in January. It's no surprise foreign companies want in on the U.S. market, which is responsible for 30% of the world's telecom spending. But European and Asian telecom companies also need to establish themselves as global carriers as their customers continue to expand business beyond their borders. Foreign telcos are waking up to this necessity like bears waking from winter's hibernation--on the prowl, hungry and ready to swipe at anything they think looks good. For investors, that's either good or uncertain news, depending on the companies they invest in. For example, for those investing in emerging service providers, there's an entire pool of foreign public telephone companies that might become potential acquirers. Stratecast Partners, a research firm based in San Jose, Calif., predicted recently that over next 12 months, the largest foreign competitors would be coming to the U.S. market. Earlier this year Japan's Nippon Telegraph and Telephone (NYSE: NTT - news) purchased Internet service provider Verio (Nasdaq: VRIO - news), and Terra Networks (Nasdaq: TRRA - news) purchased Internet portal site Lycos (Nasdaq: LCOS - news). The purchases may have seemed expensive but they definitely positioned the foreign companies as players in the U.S. Internet market quickly and easily. Other companies on the prowl and likely to make international purchases this year are Telefonica (NYSE: TEF - news), Singapore Telecom, Telstra (NYSE: TLS - news), and possibly British Telecom (NYSE: BTY - news). What's more, German behemoth Deutsche Telekom has been hungry for a presence in the U.S. But 2000 could be the year that DT's drool for market dominance actually drips on American soil. Rumors have been circulating that DT will buy a Baby Bell or a CLEC, such as one specializing in digital subscriber line services like Covad Communications (Nasdaq: COVD - news). Others speculate Williams Communications (NYSE: WCG - news), Broadwing (NYSE: BRW - news), Qwest Communications International (NYSE: Q - news), Level 3 Communications (Nasdaq: LVLT - news) or Infonet (NYSE: IN - news) are more attractive options. ``DT is sitting on large amount of cash,'' says Mike Smith, analyst at Stratecast Partners. ``At some point in near future they'll make a move, but unlike NTT buying Verio, it's unclear whether it will buy an Internet company or a company with a focus on infrastructure more in line with what they're doing domestically,'' he says. If the foreign telcos rush for U.S. companies is seen as an invasion, then U.S. companies need to prepare. ``American companies have to remain aggressive as these foreign economies expand,'' according to Brian Brewer, senior vice presiden t of marketing at MCI WorldCom (Nasdaq: WCOM - news). ``If U.S. companies are not careful, they'll be clobbered.'' Go to www.forbes.com to see all of our latest stories.

To: RobertSheldon who wrote (6530)	6/19/2000 7:42:00 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 15615

Talks for GBLX to buy ENT are off. GBLX balked at the price. One has to wonder if the cash component requirement--imputed here at $3.5BB, would have meant this was a dead deal from the get-go for GBLX. One of the hurdles that France Telecom faces in its negotiations with Equant is that SITA -- the largest shareholder in Equant with a 35% stake -- wants to sell its stake for cash and that might compel a potential acquirer like France Telecom to offer the same terms to holders of the remaining 65% of Equant shares. An all-cash offer may prove taxing even for a company of France Telecom's size; the French carrier recently agreed to pay $37.4 billion in cash and stock to acquire Orange PLC, a British mobile-phone operator. Copyright ¸ 2000 Dow Jones & Company, Inc. All Rights Reserved. interactive.wsj.com