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

To: thebeach who wrote (507)	3/20/1999 8:15:00 AM
From: Craig A	Respond to of 15615

We certainly would be sitting higher now. I bought more on the dip, however, assuming we'll be back up soon.The excitement generated in the media over the purchase of FRO is an indication that, in this hot sector, things are on a rapid forward move. I'd sure like to see a gaggle of analysts, however, put out some buys. It was also interesting to see how prepared CNBC was on the subject complete with footage of the underwater cable being placed. To me this 'story' stock became a momentum play and now is a logical long term play in the huge world-wide 'hookup.' One thing is for sure...we all own a bunch of cable on the ocean's floor that hasn't made a dime yet.

To: thebeach who wrote (507)	3/20/1999 3:43:00 PM
From: Teddy	Read Replies (3) \| Respond to of 15615

RE: what is stopping the arbs from shorting GBLX and going long FRO? I think the board ahs totally screwed up and maybe they should reconsider,without this takeover we would be sitting at 65 or higher right now. This is not in the best interest of the GBLX shareholders... and other similar short sighted post. Of course the arbs will short GBLX and go long FRO: that is what they do in any merger. There is a good chance GBLX will drop to within 10% of the lower end of the collar at some time before the deal is closed. It is also likely that GBLX will be well above $60 when the deal does close. Since "the board" owns 80.9% of GBLX, I think it is pretty safe to say that they believe that are doing what is in the best interest of the "shareholders." I think one or two of them might have been involved in deals like this before. Anyway, for an actual Case Study of how this should play out: There are several people on this thread (including me) that owned WCOM or MCIC before their merger was completed that might remember this: Message 2703630 "...The actual number of shares of WorldCom common stock to be exchanged for each MCI share owned by investors in MCI other than BT will be determined by dividing $51 by the 20-day average of the high and low sales prices for WorldCom common stock prior to the closing, but will not be less than 1.2439 shares (if WorldCom's average stock price exceeds $41) or more than 1.7586 shares (if WorldCom's average stock price is less than $29)...." Pretty much the same type of deal, right? Read the next 30 or 40 post, then look at the chart techstocks.com I think the shareholders of both companies are very happy now. You might also be interested to see what the most respected telecom analyst thinks about GBLX and FRO: Message 8402885 The price target of $80 is derived from what Grubman believes GBLX's standalone (pre-Frontier) value should be after reviewing GBLX's expanded business plan. He believes GBLX is worth $72 per share standalone pre-FRO. He also believes the addition of FRO's assets will allow GBLX/FRO to address a bigger market sooner, which no doubt will add value on top of the $72 per share..... Hmmmm, GBLX is worth $72 without FRO and more with it?