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

To: Theophile who wrote (11980)	6/19/2001 12:58:55 AM
From: CF Rebel	Respond to of 15615

Martin, <<I don't recollect ever seeing such a sparring amongst investment houses as we are seeing now...QUI BONO? Why are some trashing without differentiation? The question answers itself, I believe.>> It's quite good and well that we get to see the sparring. It's like watching people argue with the most rational and succinct, not to mention persuasive, debater either confirming or altering your own opinion. In the GX debate, some will side with SSB's Grubman and others will buy First Union's argument. It's good to see all this picking apart. One thing about it, you can observe weak analysts getting paid to write badly thought out opinions. We're watching the men being separated from the boys. Certainly part of the sparring has something to do with cultivating future investment banking business. So, undifferentiated trashing is probably part this and part bad rationalization of a complex situation. Also, all these downgrades, like usual, are way after the fact and proof that most analysts are paid to be worthless, doing no favors for their clients. The downgrading houses are also giving themselves a way to upgrade in the future, probably long after the stock has doubled or tripled. Looks like total capitulation the past couple of days. Lots of fear, hee hee hee. It would be tough to lose buying now. CF Rebel

To: Theophile who wrote (11980)	6/19/2001 8:38:26 AM
From: TechMkt	Respond to of 15615

Global Crossing Financial Markets and Withit.com Sign Agreement to Provide Streaming Media Broadcast Services NEW YORK--(BUSINESS WIRE)--June 19, 2001-- -- Withit.com's Internet broadcast capabilities will be integrated with Global Crossing's IPC Hoot 'n Holler system and Financial Extranet. -- Withit Media Management System features a complete suite of client control tools for all broadcast content, broadcaster access, and audience provisioning. -- Withit.com offers easily scalable media distribution solutions in secure and economical service packages. Global Crossing Financial Markets, a division of Global Crossing Ltd (NYSE: GX) and provider of global network services to the financial services community, today announced an agreement to distribute Withit.com's streaming media broadcast system to Global Crossing Financial Markets' clients globally. Under the agreement, Global Crossing and IPC Information Systems, a product division of Global Crossing Financial Markets and the world's leading supplier of voice trading systems to the financial community, will provide IP connectivity giving Global Crossing's customers immediate access to Withit.com's proprietary streaming media services and private Internet Broadcast Channels. Withit.com's Internet broadcast capabilities will be integrated with Global Crossing's Hoot `n Holler system and Financial Extranet to allow clients to easily and securely extend their media distribution across the Internet and to Internet connected networks and devices. Withit.com has been distributing live broadcasts within the financial markets since 1997. The Withit Media Management System features a complete suite of client control tools for all broadcast content, broadcaster access, and audience provisioning. Global Crossing Financial Markets has a critical mass of financial participants that have access to over 60 market data and transaction services. Withit.com increases the benefits already realized by the Global Crossing Financial Markets Extranet and IPC Trading Systems by offering easily scalable media distribution solutions in secure and economical service packages. Withit services are currently used in the financial services markets for hoot network extensions, web casts, squawks, morning calls and research channels. Stefanie Sovak, senior vice president of marketing at Global Crossing said, "The Withit system enables us to provide our customers with an opportunity to offer their clients a value-added service with no investment in capital, training, or technology staff. The beauty of the system is in the simplicity of the client implementation." "The proprietary features and unparalleled availability of our voice broadcast system gives clients the mechanism to easily and securely reach multiple desktops, remote offices, employees, clients and markets around the globe," Sean Gallagher, COO, Withit.com said. "Through our relationship with Global Crossing we are able to increase the speed and thoroughness of integrating our services with the networks in use by the largest and most sophisticated clients in the financial markets. One voice broadcast can now span one continuous network worldwide." About Withit.com: Withit.com is a business-to-business streaming media services company that currently operates a wholly owned, end-to-end system of hardware, proprietary software products and services in support of its client's media distribution applications. The Withit Media Management System allows clients to safely and securely broadcast media in both on-demand and live, real-time applications. The company services allow clients to completely outsource the "media function" on an immediate, low risk and as needed basis. Withit specializes in live voice streaming applications in the financial services markets. Proprietary features of applications in this market include "real-time" latency performance, unique media content security and broadcast hot storage capabilities. The Withit Media Management system is comprised of a flexible web based administrative interface, a proprietary system of servers, software and network infrastructure and a powerful yet unobtrusive media player. Please visit www.withit.com for more information.