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To: Ruffian who wrote (30048)5/14/1999 12:20:00 PM
From: DanD  Read Replies (1) | Respond to of 152472
 
WOW. Some one bought 172,000 shares at 11:57.58 this am. In one block at 111 5/8. I think this stock is under serious accumulation and this little blip down may not last long. I know day to day trading is not discussed much here, but that trade just stood out on my screen.
If this info is not appreciated on this board let me know.

Dan D



To: Ruffian who wrote (30048)5/14/1999 12:21:00 PM
From: quidditch  Respond to of 152472
 
mp, was just perusing GBLX thread myself. You beat me to it. Would be very interesting communications nexus for G*/fixed line USW/thin phone/GBLX. Annunziata (former T executive, then chairman at Teleport and then executive again at T when Armstrong bought Teleport before going to GBLX in late Feb or March) has been extraordinarily aggressive in deal making. In only two months, acquisition of FRO, Global Marine division of CWP and now this rumor. I think he is having a cojones showdown with his ex-boss.

DENVER (CBS.MW) -- Shares of US West climbed more than 3 percent Friday after a report that the Baby Bell may be acquired by Global Crossing.

May 14/99 12:10 pm ET

US West's stock (USW: news, msgs) rose 2 1/4 to 62 1/4 after the cable channel CNBC reported that Global Crossing may merge with the Bell in an all-stock deal valued at $35 billion.

Bermuda-based Global Crossing, which is already in the process of acquiring independent phone carrier Frontier Corp., is building undersea fiber optic networks linking all the continents.

Shares of Global Crossing, whose soaring stock  (GBLX: news, msgs) has allowed the carrier to pursue major acquisitions, slid 1 1/2 to 58 1/2 in recent trading. Frontier (FRO: news, msgs) fell 2 11/16 to 56 3/16. Global Crossing announced in March that it would buy Rochester, N.Y.-based Frontier for $11.2 billion.

US West and Global Crossing officials could not immediately be reached for