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

To: M. Frank Greiffenstein who wrote (924)	5/17/1999 10:12:00 AM
From: Teddy	Read Replies (2) \| Respond to of 15615

one way of looking at it: news.com ...To be sure, under Trujillo, U S West has been the most aggressive regional U.S. phone company in rolling out high-speed data services to take on unprecedented competition in its local phone markets. ''Sol's emphasis on driving that company deeper and deeper into data has been what's separated U S West from its peers,'' Wright said. ''That has to be a positive for Global Crossing.'' The Global Crossing agreement values U S West at about $2,250 for each local phone line. That compares with an average of $3,700 AT&T is paying for each cable-TV customer in its purchases of Tele-Communications Inc. and MediaOne Group Inc. to compete in the $110 billion-a-year local phone market. Global Crossing is getting the company cheap,'' Wright said. ''They're not stealing it, but they're getting some powerful assets for a very good price.''...