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

To: Theophile who wrote (9139)	11/20/2000 5:22:43 PM
From: jimbopost	Read Replies (1) \| Respond to of 15615

LVLT Atlantic Crossing. Martin, you're right. LVLT is now down to 1 fiber pair. According to LVLT's Quarterly Report (SEC form 10-Q) 11/2/2000 biz.yahoo.com "Viatel Agreement On April 12, 2000, Level 3 signed an agreement with Viatel whereby Viatel agreed to purchase an ownership interest, valued at over $150 million, in one fiber pair on Level 3's transatlantic fiber optic cable system installed by Level 3. As a result of this agreement, both companies will own and operate one fiber pair on the transatlantic cable. The Company expects to recognize revenue on a portion of this contract during the fourth quarter of 2000, with the remainder being recognized over the term of the contract." Thanks, Jim Brown