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

To: BWAC who wrote (13504)	8/17/2001 11:42:55 PM
From: Jay Fisk	Respond to of 15615

IMO - Today's stock reaction was unwarranted, the news gets weaker with every revision: ""Bermuda-based Global Crossing (GX: news, chart, profile) said Friday it was notified by the Defense Department that a contract to provide wide area network services may have to be re-bid due to possible procedural violations by the government in the bidding process."" from: marketwatch.com Most large DoD contract awards are contested, closer to 100% in multi-service, multi-national, technocentric awards. I doubt if any RFP / PWS / or subsequent contract could ever satisfy the bizarre rules and regs of the DFAR's, making challenges by losing bidders easy.