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

To: D. Newberry who wrote (919)	5/17/1999 7:52:00 AM
From: Teddy	Read Replies (1) \| Respond to of 15615

I like this deal. I like it a lot. It was nice of the management of all three companies to work over the weekend. I've never seen anything structured like this before, Gary Winnick is an excellent deal maker. Composition of Tracking Stocks The new Global Crossing Class G shares will include: -- Global Crossing's state-of-the-art global fiber optic network, connecting four continents and 39 cities in Europe, Japan, and the Americas. -- U S WEST's !NTERPRISE data networking business (including data network integration services, Internet access, hosted applications, and DSL services). -- U S WEST's frame relay and asynchronous transfer mode (ATM) network, one of the largest in the world. -- U S WEST's wireless PCS business. -- U S WEST's Internet Yellow Pages directory business. -- Frontier's state-of-the-art U.S. fiber optic network, connecting 120 cities. -- Frontier's long distance business. -- Frontier's GlobalCenter Internet web hosting and data center business. -- Frontier's CLEC (competitive local exchange carrier) business. -- New U.S. and international data local exchange carrier (DLEC) businesses. The new Global Crossing Class L shares will include: -- U S WEST's 16.6 million local telephone lines in 14 Western and Midwestern states. -- Frontier's 1.0 million local telephone lines. -- The U S WEST Dex printed directory business. -- Frontier's printed directory business.