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Technology Stocks : SBC Communications -- Ignore unavailable to you. Want to Upgrade?

To: Leroyt who wrote (192)	10/8/2000 10:53:13 PM
From: TechMkt	Read Replies (1) \| Respond to of 216

Hello all. I am a frequent poster on the Global Crossing (GBLX) thread of SI. Lately, a number of us have hypothesized about a number of potential suitors for GBLX. We all agree over there, and I hope you do also, that the telecom sector will consolidate over the next 6-9 months. The expiration of the "pooling law" in March also motivates some of these companies to consolidate sooner rather than later. What are the opinions on this thread concerning a buyout of GBLX by SBC? You can research GBLX if you like,but here are a few facts for your perusal: 1. GBLX bought Frontier in 1999 and now has a 20,000 mile North American fiber network. 2. GBLX recently sold GlobalCenter, the old web hosting arm of Frontier, to EXDS for a 20% stake in EXDS. 3. GBLC recently conducted an IPO of ASIA Global Crossing (AGCX). AGCX is building a Pan-Asian fiber network and already has city rings in Japan and Hong Kong. Hutchison-Whampoa is a major partner. AGCX has Microsoft and Softbank as major investors. The IPO happened at a lower price than expected. 4. GBLX owns one of the most extensive fiber networks in England through their acquisition of Racal in 1998. 5. GBLX has an extensive fiber network in Europe (Pan-European Crossing) and will be the first to finish a similar network in South America. This week, Telecom Italia purchased $500 million in capacity on South American Crossing, Atlantic Crossing and Pan-European Crossing. 6. GBLX will be the anchor tenant of the new Network Access Point (NAP) of the Americas in Miami. 7. GBLX owns 33% of all the cable laying ships in the world. 8. GBLX is the prime contractor for AFRICA ONE, an extensive project to circle the African continent with a ring of fiber by 2002. 9. GBLX has acquired IPC and IXNet, a pair of companies which conduct financial transaction for 2000 of the worlds largest financial institutions. 10. GBLX has a top rated management team and very close ties to officials in Washington (see the 16 October issue of BUSSINESSWEEK). I realize there are good reasons for and against this deal. I have heard many of them on our thread and am interested in your opinions. Thank you in advance for ANY responses. Fez