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

To: Craig A who wrote (840)	5/12/1999 10:22:00 AM
From: AJ Berger	Respond to of 15615

Juicey Tidbit #2 on GBLX I discovered that Continental Assurance, owned by the Lowe family (yes, they started and sold that theatre chain) are major registered shareholders of GBLX. A high level contact there said that the sentiment amoung major registered shareholders is to hold their positions indefinately, and it is unlikely that any of them will take much advantage of the ability to sell shares this Fall. As a matter of fact, it's likely the verbiage of the clause regarding the ability to sell registered shares was not written in fear that their would be massive dumping, and insiders wanted to prevent this; Rather, it was written with the knowledge that insiders would Not be dumping, and out of a desire to reassure future shareholders of this sentiment, they wrote the language logistically limiting the ability to sell after Aug'99. So the Bottom line is as long as the good news keeps coming out of this company, this stock will continue to trend up at least until it pops in the Fall when the deal settles. This stock is also a great "hedge" against a market downturn, as most shares are held in very tight hands, and the business they're in of building global tele communications infrustructure is likely to increase for many years to come despite what may happen to the World economy.