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

To: thebeach who wrote (410)	3/16/1999 5:54:00 PM
From: Phil Jacobson	Respond to of 15615

Extra* Are Frontier and Global Crossing Talking Marriage? By Herb Greenberg Senior Columnist 03/16/99 03:31 PM ET Check out this morning's Herb on TheStreet. Is Frontier Corp. (FRO:NYSE), a telecommunications and networking company, finally about to sell itself? Frontier's stock has been rising ever since the company issued a press release several weeks ago saying that it had discussed a series of general options, including mergers, acquisitions, spinoffs and tracking stock. The company added that no decisions had been made, "and all alternatives will continue to be evaluated." Today Frontier's stock was up another 1 11/16, or 4%, to 43 7/8, and one possible buyer's name that has emerged is Bermuda-based Global Crossing (GBLX:Nasdaq). Global Crossing, whose stock recently was down about 11% at 50 3/8, has been an aggressive developer of what it likes to call the world's first independent fiber-optic network. One market source who is very reliable on takeover issues told me he hears a deal between the two could be reported as early as tomorrow morning.