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Technology Stocks : XO Communications (XOXO) -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (982)	12/27/2001 1:30:19 PM
From: James Calladine	Respond to of 1018

SOUND FAMILIAR? (from Briefing) <<<11:56 ET Globix (GBIX) 0.47 unch (halted): -- Update -- Stk remains halted. Co reports Q4 results and announces that it is in discussions with an informal committee of bondholders regarding a pre-packaged bankruptcy proceeding that would be aimed at significantly reducing the co's debt burden. GBIX is in similar discussions with preferred stockholders. If the event of an agreement, it would be likely that common stockholders would experience nearly total dilution of their stakes. >>>