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

To: CF Rebel who wrote (915)	5/16/1999 11:12:00 PM
From: D. Newberry	Read Replies (1) \| Respond to of 15615

If you have separate tracking stocks, you essentially have two separate companies that have a common owner. Seems GBLX got 2.4B cash infusion for further growth, and has USW as a captive feed into their network. The more I think about this it makes sense -- I would have preferred BLS, but their minority purchase of Qwest ended that possibility. The question is, will this be the end of the buying spree for now? This business continually amazes me. Still (very) long. Regards,

To: CF Rebel who wrote (915)	5/17/1999 10:03:00 AM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 15615

Not all that wierd... Yes, US West is the weakest of the BB's, but also the cheapest, LOL. The deals make sense strictly from the standpoint of price. GBLX buy QWST? That's a fantasy. GBLX plans are clear: The are addressing GBLX's major weakness of not having a presence in the world's largest telecommunications market, the USA. QWST and LVLT were dominant. Now GBLX has that presence. This was the quickest and cheapest way to do it. DocStone