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

To: thebeach who wrote (518)	3/20/1999 5:02:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 15615

yes, the risk is spread to all FRO and GBLX shareholders but so is the potential reward. also, a stock swap allows GBLX to acquire FRO without creating a tax burden for FRO shareholders. you oppose stock-for-stock deals on principle?

To: thebeach who wrote (518)	3/20/1999 5:52:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

beach buddy, please don't take this the wrong way, but you're talking crazy: GBLX could do a bond offering or a number of other means to raise the cash. An $11 billion dollar junk bond offering? (GBLX bonds are rated B1/B) Don't you think that would cause several third world nations to tank? Unless i'm mistaken, WCOM's $6B offering last year was one of the largest in history (definitely the biggest for a telecom). AT&T is planning one slightly larger (maybe up to $10B over the course of the whole year). Of course AT&T's bonds are Investment Grade. Let's think about market cap: WCOM: 197.8 Billion AT&T: 139.6 Billion GBLX: 20 Billion Maybe they could do a bake sale or weekend car wash.<G>