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Technology Stocks : Genuity, Inc. (GENU) -- Ignore unavailable to you. Want to Upgrade?

To: Ms. Baby Boomer who wrote (369)7/25/2002 11:26:04 AM
From: Kent Rattey  Read Replies (1) | Respond to of 456
 
T..I..M..B..E..R............!!!!



To: Ms. Baby Boomer who wrote (369)7/25/2002 12:24:25 PM
From: Rob Preuss  Respond to of 456
 
In case anyone was wondering why VZ converted "all
but one" of the Class B shares of GENU into Class A
shares... the reason that retaining one Class B share
gives Verizon a one-time ability to maintain its
ownership in Genuity at or near the 10 percent level.
for example, if Genuity issues more stock, diluting
Verizon's ownership, the conversion of this final share
will restore Verizon's stake to a 10 percent level.


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