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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: Kal Perry who wrote (3093)	3/11/1999 3:00:00 PM
From: Scotsman	Read Replies (3) \| Respond to of 6846

I kind of wonder. GBLX seems to be pretty much the Atlantic crossing, but the amount of traffic within the USA has got to be close to that that would be going on between USA and Europe. Qwest already had European exposure, so they will get a chunk of that market. So the only thing GBLX really offers that Qwest doesn't is the Atlantic. I imagine Qwest and GBLX will team up soon thruough some joint venture. Is this correct?

To: Kal Perry who wrote (3093)	3/12/1999 12:21:00 AM
From: Nick	Respond to of 6846

Well GBLX was up $5 more today and change based on this news: Oh yeah...the stock just split yesterday, so double that to $10... Global Crossing Building Phone, Data Network to Link Americas Bloomberg News March 11, 1999, 7:42 a.m. PT Global Crossing Building Phone, Data Network to Link Americas Hamilton, Bermuda, March 11 (Bloomberg) -- Global Crossing Ltd. said it's building a phone network to connect North and South America for about $1 billion, adding most of South America's continent's major cities to its worldwide system. Hamilton, Bermuda-based Global Crossing, which sells capacity on its undersea fiber-optic network to other phone companies, expects to begin offering services over the 18,000 kilometer link next year. The South American network will extend Global Crossing's reach to 80 of the world's largest cities, one step closer to its goal of connecting the top 100. The company is looking to attract more phone companies and business by building the capacity they need to handle mushrooming Internet and data traffic. The network ''gives South America's great cities seamless, one-system access to the world,'' Bob Annunziata, chief executive of Global Crossing, said in a statement. Global Crossing shares rose 3 5/8 to 32 1/4 in midmorning trading. The company is already building links between North America and Europe and Asia. The first phase of construction will link Argentina and Brazil to Global Crossing's worldwide network, the company said.