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

To: Clean who wrote (198)	2/4/1999 12:29:00 PM
From: AllenP	Read Replies (1) \| Respond to of 15615

Briefing.com 08:45 ET Global Crossing Ltd. (GBLX) 53 3/4: Stock being mentioned positively by Gary Kaminsky of SG Cowen. This morning's CNBC Squawk Box guest host has been accumulating the stock since the $30s based on company's appeal as an Internet infrastructure build-out play. Specifically, GBLX is a provider of global internet and long distance telecommunications facilities and services utilizing a network of undersea digital fiber optic cable systems and associated terrestrial backhaul capacity. The stock is indicated 1/2 higher in pre-market.

To: Clean who wrote (198)	2/4/1999 1:25:00 PM
From: Frank Wechsler	Respond to of 15615

Although technically a stock split adds nothing in value, it does indicate that the management is optimistic about the companies future. If GBLX splits from 60 to 30, say, the management would not want it to go down much from there. It gets embarrassing if a stock goes into the teens, or worse, single digits. So we might assume that they don't think that will happen. They might also want more float, for greater liquidity. Anyway, the market seems to like it on a down day today. :^)