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

To: thebeach who wrote (516)3/20/1999 4:47:00 PM
From: Larry S.  Read Replies (1) | Respond to of 15615
 
beach, there is no way a company like gblx is gonna pay cash for FRO. Even T paid stock for TCOMA. That what makes it doable, using GBLX's inflated currency, which may or may not be worth it. This is potentially a great combo, but GBLX has hardly any revenues, a great game plan, good management, and got FRO on the cheap, imo. On the other hand, I'm a FRO owner and never heard of GBLX before this announcement. Larry



To: thebeach who wrote (516)3/21/1999 8:50:00 AM
From: Phil Jacobson  Read Replies (2) | Respond to of 15615
 
It's how a cash poor company with a good plan can use its market cap to buy a larger company with good cash flow or good ops and a poor plan. This is 3rd in a series - WCOM/MCIC, QWST/LCI, GBLX/FRO. The buyer is not cash rich but has a huge market cap in each deal. The arb stuff is a short term issue that resolves itself as the deal gets closer. Why would a BOD give a damn about it?


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