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Technology Stocks : Genuity, Inc. (GENU) -- Ignore unavailable to you. Want to Upgrade?


To: Rob Preuss who wrote (71)9/2/2000 11:44:22 AM
From: Softechie  Read Replies (1) | Respond to of 456
 
I checked out his funds and sure he's got those 4M shares in end of June 2000. Now we just have to see the latest figures for July and August. Very interesting.



To: Rob Preuss who wrote (71)9/7/2000 11:24:23 AM
From: Ms. Baby Boomer  Respond to of 456
 
GENU signs $2B credit line

BURLINGTON, Mass., Sept 7 (Reuters) - Genuity Inc. (NasdaqNM:GENU - news), an Internet infrastructure provider, said on Thursday that it signed an agreement with a banking group for a $2 billion credit line for five years.

The revolving credit facility will provide added liquidity to fund its business plan, the company said, noting that it raised $1.9 billion in initial public offering proceeds in June.

``In an environment in which access to capital is increasingly becoming a competitive advantage, this agreement enables us to build on our market leadership position in providing e-business network services,'' Chief Financial Officer Dan O'Brien said in a statement.

The lending consortium was led by Chase Manhattan Bank, Citibank/Salomon Smith Barney, Credit Suisse First Boston and Deutsche Bank.

biz.yahoo.com