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

To: bwtidal who wrote (388)	3/16/1999 1:08:00 PM
From: bwtidal	Read Replies (1) \| Respond to of 15615

CORRECT: Cdn Imperial Could See C$4.04B Gain From Global Crossing Symbol: BCM GBLX C/CM Industry: BAN BNK CBN CMT TEL Subject: DJN DJWI COR DJS MMM STK TEC WEI Market Sector: FIN TEC TPX Geographic Region: CA CN NME ONT PRM US USW Product/Service: DBK DCA DTE Canadian Imperial Bank of Commerce (BCM) could record an after-tax capital gain of C$9.80 for each of its own fully diluted shares from selling its stake in Global Crossing Ltd. (GBLX), calculated Roy Palmer of TD Securities. At last report, Canadian Imperial had about 412.6 million common shares outstanding. That means the bank could see total net capital gain from the sale of its Global Crossing stake of about C$4.04 billion. (In an item published at 10:44 a.m. EST (1544 GMT), the after-tax profit Canadian Imperial could earn from Global Crossing was incorrectly reported at about C$688 million.)

To: bwtidal who wrote (388)	3/16/1999 6:41:00 PM
From: Rick	Respond to of 15615

IMHO - Canadian won't reduce their holdings very much in the 4Q. This company has a long long way to go re: appreciation & Canadian knows that. Wherever you get in here - it is in the early stages of this company & it's future appreciation. You have only seen the beginning of the bandwidth explosion. If you have a chance - pick up analyst reports from some of the major brokerage houses to get a feel for this company's future (& that was before the last billion dollar press release) Also - read the Nov 98 Gilder report if you get a chance (you can probably call them and get a free back issue as a sample if you don't subscribe). Gives other info about the co. as well. The management of this co. is superb. I feel like I'm where AOL was in '93 '94 or MSFT in the 80's etc.... in terms of future LT appreciation. Very warm and fuzzy