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To: Victor Lazlo who wrote (138048)	1/28/2002 9:30:35 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Vic, did you hear Billy Harmond just signed a $7.5 million, 3 year deal to keep coaching the "new economy" thread? As I understand it, his lightreading.com beamed in articles, are included in his contract. Ps What Lightreading.com doesn't want to tell ya. >>Global Crossing, an ambitious fiber-optic communications company once worth nearly $50bn, on Monday became the biggest casualty of the worldwide collapse in the telecommunications industry as it filed for protection under Chapter 11 of the US bankruptcy code. The company also said it had reached an agreement to receive an infusion of $750m in new equity from two Asian investors that could eventually help it to emerge from bankruptcy. However, it will only get the new money if it can persuade banks, bondholders and other creditors to write off many of their claims against the company, totalling more than $12bn. >>Formed by Gary Winnick, who made his first fortune as an associate of disgraced financier Michael Milken, Global Crossing assembled a worldwide network to capitalise on the surge in communications demand that was expected to come from the rise of the internet.<<