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

To: jimbopost who wrote (9122)	11/18/2000 5:20:01 PM
From: Theophile	Read Replies (1) \| Respond to of 15615

Yo Jimbo, 'Yellow' (you got me, somebody needs some marketing expertise IMO) was//is the LVLT Atlantic cable which during Feb '00 cc for GBLX was announced as being bought 50% by GBLX for 1. current capacity needs and 2. for being an interim to postpone GBLX AC-2 or whatever was to be the next GBLX Atlantic cable, in order to allow using more current technology. Analysts tried to invent the story that GBLX was running short of $$ and could not build the AC-2, but that was just another rumor. These rumors BTW, are IMO designed to hold GBLX share price down and prevent using stock as a vehicle for acquisitions, amongst other utilitarian effects for the competition. The huge short position is also perhaps employed in this manner, aside from allowing megabucks to be kept in the large accounts holding the short positions. Subsequently, LVLT sold off half of their 50% stake in Yellow, so now they have 25% of their original cable, or one pair. I believe it was KQIP that bought the other 25%, but I cannot remember right now who it was that bought it. I think it was KQIP. Anybody? Regards, Martin Thomas