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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (5388)	9/27/2000 6:08:49 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 13572

Gone but not forgotten Exodus to Buy Global Crossing Unit? NEW YORK (Reuters) - Exodus Communications Inc. (EXDS.O) is close to a deal to buy Global Crossing Ltd.'s (GBLX.O) GlobalCenter Web hosting unit, which manages companies' Web sites, for about $6.5 billion in stock, sources familiar with the negotiations said on Wednesday. The deal, which could be announced as early as Thursday, comes just two months after the companies abandoned their initial negotiations. Santa Clara, Calif.-based Exodus and Bermuda-based Global Crossing could not be immediately reached for comment. The Global Center Web-hosting business offers storage and maintenance facilities for Web sites and other Internet services such as applications management. The expected deal also includes a 10-year network services agreement that could generate about $4 billion in revenues for Global Crossing, sources said. Exodus will commit to using Global Crossing's network for at least two-thirds of its network purchases in Asia, and at least 50 percent of its purchases in the rest of the world, sources said. The companies also will form a joint venture in Asia that will provide Web hosting services, sources said. The venture will be two-thirds owned by Exodus and one-third owned by Asia Global Crossing Ltd., an entity owned by Global Crossing, Microsoft Corp. (MSFT.O) and Softbank Corp. (9984.T)

To: T L Comiskey who wrote (5388)	9/27/2000 7:11:51 PM
From: jjkirk	Read Replies (1) \| Respond to of 13572

Well, Tim, if you are depending on me, you are leaning on a weak reed. I had sold CFLO on the 22nd, but jumped back in on the 25th @148 11/16 after reading those exchanges between you and Greg when you got out @146 and Greg started talking about blue sky. I jumped back in when you did. I hope this is not blind leading the blind...LOL I like to stay glued to the screen when the market is open, but I really need to get down to the office. Final 1999 extensions are due IRS on Oct 15th including mine and several clients. I have put this off too long. Thanks, Tim, for the kind words...and, your oftimes referral to my posts to the gang on the porch. I just don't have the ability to sit here and research, follow the market, and keep up with all the wonderful people over there. Regards, Joe K.....