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

To: Duke-N-Duke who wrote (90)	10/18/2000 10:32:39 PM
From: Ms. Baby Boomer	Respond to of 456

The only true business DSL solution: Cisco Business DSL ... GENU will be presenting tomorrow @ the 3rd Annual Emerging Communication Conference 11:30-11:55 a.m. @ W Hotel Midtown in NYC... "Cisco and Genuity share the goal of helping business users achieve more reliable and higher speed connectivity to support their current and future wide-area applications,'' said Vijay Parikh, vice president and general manager of Cisco's IP POP Systems Business Unit ``Genuity's deployment of this advanced IP network positions Genuity as a global leader in the New World of communications. It also validates Cisco's optical internetworking strategy, where IP is carried directly over the optical layer to provide the most efficient and robust networking capability.''

To: Duke-N-Duke who wrote (90)	10/23/2000 9:55:57 AM
From: David Wiggins	Read Replies (1) \| Respond to of 456

The Verizon/Genuity strategy is clearly in Verizon's best interest. That is the only way it can be clearly understood. Verizon has always intended to get Genuity back as soon as they can. The option was written into Genuity's original articles. Verizon intends to make Genuity the backbone of their long-distance and data service. It will cost a bundle to build out the network, but here Verizon has turned lemons into lemonade. Since Genuity HAD to be spun off to get approval for the GTE merger, why not take the opportunity to stick the public and Genuity shareholders with the losses and keep it off Verizon's books? Then, when the public has absorbed all the costs and the huge buildout is paid for, and Verizon has regulatory approval, they can buy Genuity back on the cheap and have their long-distance and data service in place. Pretty tricky huh? Regards, Dave