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

To: TechMkt who wrote (10077)	2/28/2001 1:07:24 PM
From: jimbopost	Read Replies (1) \| Respond to of 15615

"Green said Asia Global Crossing Japan will work closely with Marubeni Corp.'s video content storage and distribution venture Nexion Corp. to provide these optical-fiber network services to Japanese broadcasting firms." The PR doesn't mention that Marubeni owns 51% Global Access Ltd. and 35.5% of Pacific Crossing-1 (PC-1) through Global Bandwidth Solutions, a wholly-owned subsidiary and 35.5% of Pacific Crossing (Southern) through Vectant, Inc. another a wholly-owned subsidiary. Marubeni is a power-house. GX is becoming one. It seems that kiretsu(sp?) is being replaced by numerous subsidiaries with interlocking relationships. JMHO Jim Brown