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

To: changedmyname who wrote (11897)	6/18/2001 2:30:55 AM
From: Theophile	Read Replies (2) \| Respond to of 15615

I guess the NYT is playing its part in the consolidation phase of this game. One may note: the railroads are still with us, but will non-VoIP LD Telephony be around in even another decade? If the backbone is the highway, then we are talking about displacing the RR with the Interstate System of fiber. Martin Thomas

To: changedmyname who wrote (11897)	6/18/2001 2:34:02 AM
From: Theophile	Read Replies (1) \| Respond to of 15615

Global Crossing Holdings Announces Extension of Senior Note Exchange Offer Jason, did you miss this PR? Is this your $20M they are awaiting so's they can close this offer? Martin Thomas <<<<<>>>>>> Global Crossing Holdings Announces Extension of Senior Note Exchange Offer Hamilton, Bermuda - June 18, 2001 - Global Crossing Holdings Ltd. today announced that it is extending the expiration date for the exchange offer relating to the exchange of $1 billion in aggregate principal amount of its outstanding 8.70% Notes due 2007 (the “Original Notes”) for a like principal amount in new notes registered under the Securities Act of 1933 (the “Exchange Notes”). Global Crossing Holdings Ltd. is a subsidiary of Global Crossing Ltd. (NYSE: GX). The exchange offer, which commenced on May 9, 2001 and was previously set to expire on June 15, 2001, will now expire at 5:00 p.m., New York City time, on June 22, 2001, unless extended. Except for the absence of transfer restrictions under the federal securities laws applicable to the Original Notes, the Exchange Notes are identical to the Original Notes. Except for the extension of the expiration date, all terms and conditions of the exchange offer remain unchanged and in full force and effect. As of June 15, 2001, holders of approximately $980 million in aggregate principal amount of Original Notes have tendered Original Notes pursuant to the exchange offer. Requests for assistance regarding the exchange offer or for copies of the exchange offer materials should be directed to United States Trust Company of New York, the exchange agent for the exchange offer, at (800) 548-6565.

To: changedmyname who wrote (11897)	6/18/2001 3:35:21 AM
From: RobertSheldon	Read Replies (1) \| Respond to of 15615

There is a glut of capacity of high- speed, long-haul information pipelines Inaccurate statement. At least 1/3 of the fiber listed as being put in the ground will never be lit due to it being first generation stuff (cost to light is prohibitive). It would take several trillion dollars to light the latter generation fiber. Anyway, time is a ticking and we will have the truth eventually.