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

To: SecularBull who wrote (6534)	6/15/2000 9:20:00 PM
From: TechMkt	Read Replies (4) \| Respond to of 15615

Hello All, I just got back to DC from my trip to NY for the GBLX 2000 Shareholders Meeting. It was two hours long and they served Krispy CrŠme doughnuts and coffee. I was glad they didn't waste money on an extravagant buffet. Here are some important points: - First. I did get to the microphone and made the clear and audible statement that "Global Crossing needs to communicate with shareholders better." This did illicit a round of applause from the audience. Hindrey responded and said he talks with shareholders every week. I told him, he needs to communicate to the SMALL investors. Winnick was conciliatory. THE GOOD NEWS!!! There is a new head of Investor Relations at GBLX. His name is Kenneth M. Simril and I got to speak with him for a few minutes. He is a very articulate and intelligent person. I think he knows that Investor Relations needs to get in better touch with investors and is determined to do a great job. I told him I was going to write a piece for the SI thread and he encouraged investors to call anytime. His number is (310) 385-5254. Jenny Chowderhead was there also. She is going to Asia Global Crossing as Investor relations (I believe) - All four items up for vote did get approved. Even the stock incentive plan for execs. - I did meet Winnick, Hindrey, Cook and some other board members. They were all smiles and gave out few specifics during informal meetings. After meeting them, I did feel that we were in good hands because they all seem to be professional, aggressive and competent people. Those are the kind of executives I want running my company. - Had an interesting conversation with John Legere of Asia Global Crossing. AGC is VERY well poised for telcom incursion into China, and equally important, they have a number of deals in the works in Taiwan that will make their Chinese ventures even more lucrative. Stand-by. - Hindrey did not give any more details on the lawsuit with TYCO. However, one of the execs mentioned that since the lawsuit was brought, TYCO has been bending over backwards to fulfill their contractual obligations with GBLX. I think the scales are tipped in GBLXs' favor. - They refused to comment on the Global Center or AGC offerings since they are both currently registered with the SEC. - The number of employees has grown from 100 to 14,000 in one year. - There are over 500,000 GBLX shareholders worldwide. I didn't meet them all today.:)) - The IPC and IXNet merger closing was discussed a lot. Winnick mentioned that the Financial Institution industry is a $30 billion/year industry growing at double digits. Now, GBLX is in the middle of it serving some of the biggest names. I did meet a few other small investors. Some who follow the SI thread as lurkers. I'll write more later. Just wanted to get this initial post out so everyone can have an idea of what happened. It was a positive event and there were no signs that anything bad was on the horizon. Normally, I am a skeptical investor, but this left me with a good feeling. Hopefully next year we (the small guys) can have a bigger showing And hopefully we'll be over 200!!!!!! Fez