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


To: Teddy who wrote (541)3/24/1999 2:40:00 PM
From: Shanti  Read Replies (2) | Respond to of 15615
 
For you conservative investors, a way to get into GBLX is
through CIBC (TSE:CM, also listed on NYSE), the second largest
bank in Canada. CIBC-Oppenheimer owns about 17% of GBLX. Lately
CIBC's shares have been doing REALLY bad ($37 Canadian) but there
was a major bounce when the GBLX-FRO deal was announced.

Currently CIBC shares are quite undervalued and certainly do not
reflect the 17% ownership in GBLX