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

To: MangoBoy who wrote (741)	4/29/1999 5:52:00 AM
From: Teddy	Respond to of 15615

RE: GTS roadshow rumors Mark, i believe (though they didn't explain it in detail on the CC) some comments were made by GTS during their roadshow concerning wholesale pricing. (A "roadshow" is a conference, or serials of meetings, where a company that is planning an IPO or secondary presents to institutions to attract interest. April 19 /PRNewswire/ -- Global TeleSystems Group, Inc. (GTS) (Nasdaq and Easdaq: GTSG) announced today the pricing at $57.50 per share of its secondary public offering of 5,415,584 shares of the company's common stock owned by certain existing GTS shareholders.) In the GBLX call they seemed to be saying that the number GTS mentioned (that i have no details on) was for a purchase of very large capacity and should not be considered as normal pricing. Bob also stated that wholesale will make up a smaller percentage of GBLX revenue going forward. The replay is available through May 7th.