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

To: jopawa who wrote (9120)	11/17/2000 1:48:41 PM
From: jimbopost	Read Replies (1) \| Respond to of 15615

In the Goldman Sachs report, a reference to Yellow was made. Under the heading: INVESTOR CONCERNS REGARDING REVENUE GROWTH UNFOUNDED there is the statement "(2) ... In addition, between its AC-1 cable and its 50% ownership stake in Yellow, GX will control a significant portion on the available capacity in this market through 2001, which should mitigate competitive pricing pressures." Is "Yellow" the name of the Level 3 cable? "On February 17, 2000, Level 3 announced a co-build agreement whereby Global Crossing will participate in the construction of and obtain a 50% ownership interest in the previously announced Level 3 transatlantic fiber optic cable. Under the co-build agreement, Level 3 and Global Crossing will each separately own and operate two of the four fiber pairs on Level 3's transatlantic cable. Level 3 also announced that it will acquire additional capacity on Global Crossing's transatlantic cable Atlantic Crossing 1." TIA, JimBo