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

To: CF Rebel who wrote (6560)	6/16/2000 11:03:00 PM
From: matt dillabough	Respond to of 15615

DJ Global Crossing Ends Talks With Equant, Report Says Dow Jones News Service ~ June 16, 2000 ~ 1:41 pm EST NEW YORK (Dow Jones)--Trading volume in Global Crossing Ltd. (GBLX) shares spiked Friday morning as a business newswire reported the company has ended takeover talks with Equant NV (ENT). In a Friday morning story, sources told Bloomberg news Global Crossing wasn't willing to offer a high enough price for the network company based in The Netherlands. Global Crossing officials said they would not comment on market speculation. Shares of Global Crossing recently were up 9/16, or 1.9%, to 30 9/16 as 9.3 million shares swapped hands compared with the daily average of 13.6 million. The shares traded as high as 31 1/8 earlier Friday. (MORE) DOW JONES NEWS 06-16-00 01:41 PM DJ Global Crossing/Equant-2: Cos Keeping Quiet On Talks Sources familiar with the situation told Dow Jones Newswires that they have not been told negotiations between Global Crossing and Equant have ended. On Tuesday, The Wall Street Journal reported Equant was in talks with France Telecom (FTE) and Global Crossing that could lead to a $10 billion buyout. But the following day, France Telecom Chairman Michel Bon said no negotiations between his company and Equant were taking place. On Friday, there was market speculation that Global Crossing, instead of pursuing an outright purchase of Equant, might make an attempt to buy a large stake in the company from its largest shareholder, SITA, a consortium of the world's largest airlines. The consortium owns a 35% stake in Equant and has made public its desire to sell that position for cash. Equant, which owns a 50-year-old airline reservation system, has a large data network reaching more than 220 countries and territories. -By Johnathan Burns; Dow Jones Newswires; 201-938-2020; johnathan.burns@dowjones.com (END) DOW JONES NEWS 06-16-00 03:49 PM

To: CF Rebel who wrote (6560)	6/19/2000 8:40:00 AM
From: TechMkt	Respond to of 15615

Monday June 19, 8:07 am Eastern Time Company Press Release IPC Information Systems, Inc. Introduces IQMX Breakthrough System Will Dramatically Simplify and Expand Trader's Ability To Access and Integrate Information from All Sources - Data, Video and Voice NEW YORK--(BUSINESS WIRE)--June 19, 2000-- IPC Information Systems, a Global Crossing company (NASDAQ:GBLX - news) and the world's leading supplier of voice trading systems to the financial community, will be demonstrating the growing capabilities for integrating voice, data and video on one platform -- the next generation trading system -- at the SIA Technology Management Exhibition at the New York Hilton, starting today. Known as IQMX(TM), and reflecting two and-one-half years of research and development, the new system redefines the traditional dealerboard, transforming it into an advanced, integrated, voice-data-video tool for traders and sales traders--without sacrificing IPC's world-renowned reliability. Built on a dedicated Ethernet infrastructure, IQMX utilizes Voice over Internet Protocol (VoIP) to facilitate integration of voice, data, and video on a single platform. 100 Million Instructions Per Second (MIPS) of Digital Signal Processor (DSP) power, combined with 10 megabit Ethernet connections to every desktop, provide the desktop power that will be necessary to deliver high powered, advanced applications such as streaming media, video conferencing and enhanced CTI applications. The IP-based infrastructure also maximizes opportunities for utilizing and creating advanced network service offerings -- like those provided by sister company IXnet -- that accommodate traders' rapidly-evolving needs for instantly accessible and readily managed information from all sources. Utilizing the industry-leading Alliance MX(TM) switch, IQMX co-exists with customers' existing MX SlimLine(TM) turrets, creating an easy, low-risk migration path to new technology on the trading floor. ``The split-second judgments required of traders in today's global marketplace depend on information from multiple sources - trading partners, market data, news, the Internet, television, and more,'' Greg Kenepp, IPC's Senior Vice President of Product Development, said. ``Imagine the possibilities that can be realized when a single source on the desktop -- IPC's IQMX -- connected to a powerful, global network through a single connection, can deliver data, video and voice digitally, in an integrated fashion.''