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

To: MangoBoy who wrote (703)	4/25/1999 9:40:00 PM
From: Teddy	Respond to of 15615

right Mark, guess i should have read the article before i posted it. <G> Kinda ironic: The unit now is one of two leaders in the fast-growing business of undersea-cable installation and maintenance. Clients include AT&T Corp., MCI WorldCom Inc., Deutsche Telekom AG and British Telecommunications PLC. Each of those "Club Members" has purchased capacity on AC-1. Now they have to pay GBLX to lay and maintain their own cables. Hmmm Seems like a good idea to me: By owning a cable-installation operation, Global Crossing could save as much as $100 million annually in construction and maintenance expenditures. The planned acquisition also allows Global Crossing to take advantage of the boom in undersea-cable projects. Telephone companies believe the explosion in Internet-related traffic will create demand for additional pipes to carry data around the world. All told, telephone companies are expected to spend $31 billion on undersea-cable projects during the next three years, according to research by Goldman Sachs & Co. Question for George Gilder: Is it time to remove Tyco from the list too? Global Crossing Rules!