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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: exp who wrote (6565)	11/19/2001 12:36:29 AM
From: Softechie	Read Replies (1) \| Respond to of 99280

Global Crossing Announces Sale of IPC Trading Systems Units for $360 Million Purchase made by an investment group led by Goldman Sachs Capital Partners 2000. - End of the year closing anticipated. - Global Crossing will be the preferred provider for IPC's telecommunications needs and will continue to partner with IPC to deliver managed solutions to thousands of financial institutions. As part of the transaction, Asia Global Crossing will divest the Asia-Pacific assets and operations of IPC Trading Systems, which it acquired as part of the acquisition of IXnet Asia from parent Global Crossing in July 2001, for $22.5 million of the total proceeds. biz.yahoo.com