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

To: Frank A. Coluccio who wrote (927)	5/17/1999 11:44:00 AM
From: Beltropolis Boy	Respond to of 15615

a news item i posted to the USW board that might interest some. ----- Global Crossing and U S WEST to Host Press Conference and Call May 17, 1999 08:57 AM HAMILTON, Bermuda and DENVER, May 17 /PRNewswire/ -- Global Crossing Ltd. (GBLX), the owner and operator of the world's first integrated global fiber optic network, and U S WEST, Inc. (USW), a leading U.S. provider of telecommunications services, will host a press conference and dial-in call today, May 17, 1999, at 11:30 a.m. (EDT) to discuss the newly announced merger of the two companies. The event, which will also be broadcast live by satellite and webcast over the Internet, will be located at The New York Information Technology Center at 55 Broad Street, 4th Floor. Call-in numbers and satellite coordinates are listed below. Rebroadcasts are available for those who cannot listen to the event live. In addition to discussing the merger, the press conference will feature a live webcast and demonstrations of several innovative U S WEST products and services, including @TV, the new Alcatel 'Web Phone' and Very High Speed Digital Subscriber Line (VDSL) technology. WHAT: Global Crossing and U S WEST Press Conference and Dial-in Call WHO: Solomon D. Trujillo, Chairman, President & CEO, U S WEST Robert Annunziata, CEO, Global Crossing WHEN: Monday, May 17, 1999 11:30 a.m. EDT WHERE: The New York Information Technology Center Global Community Digital Sandbox, 4th Floor 55 Broad Street, New York City CONFERENCE 1-888-323-1508 CALL NUMBER: 212-896-6089 for International callers Dial-in by 11:15 a.m. EDT REBROADCAST May 17, 1999 at 2:00 p.m. EDT through CALL-IN: May 19, 1999 at 2:00 p.m. EDT REBROADCAST 1-800-633-8265 CALL NUMBER: 619-812-6450 for International callers Enter Reservation #: 12396544 SATELLITE BROADCAST: 11:30 a.m. -- 1:30 p.m. EDT Ku-Band SBS 6, Transponder 16 Questions call Bob Munyon at (303) 437-7939 CONTINUING SATELLITE ACCESS: 1:30 p.m. -- 4:00p.m. EDT SBS 6, Transponder 4 4:00 p.m. -- 8:30 p.m. EDT SBS 6, Transponder 15 8:30 p.m. -- 12:00 a.m. EDT SBS 6, Transponder 2 WEBCAST: uswest.com or globalcrossing.com

To: Frank A. Coluccio who wrote (927)	5/17/1999 12:04:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

Frank, i'll listen to the CC tonight and hold further comment until then. for now, here's a take i think you might enjoy: Call Off the Horses By James J. Cramer 5/17/99 7:58 AM ET Why does Global Crossing (GLBX:Nasdaq) get to trump everybody and team up with U S West (USW:NYSE) even though it didn't even exist three years ago? Why does the market value MCI WorldCom (WCOM:Nasdaq) so highly? Pretty simple: the regional Bell operating companies, the split-offs of the old Ma Bell, blew it. And in this market, that means they get the ball taken away and others get to play with it. Think about it. These Bell companies, with their lines already into your homes, should have owned the world by now. There were no reasons for ISPs -- the Bell companies could have stopped that movement in a second. Cable modem? The Bell companies have had technology that could have stopped that movement, too, but they never deployed it. America Online (AOL:NYSE)? These companies could have cloned AOL, any one of them, but they failed. They had the ball for years. They had ISDN and chose to price it out of the reach of consumers. They have T-1 and they make it ridiculously expensive and difficult to get (I have T-1, but not through Bell Atlantic (BEL:NYSE), Nynex or whoever botched my business). They are a total pain in the butt to deal with, and everybody knows it. They have taken gold mines and filled them with salt. They make me sick to my stomach with their lost business opportunities. This stock market punishes those who blow it. It gives market capitalizations to those companies not hog-tied by the old ways. It wants to take market capitalization away from those that didn't see the Web or couldn't adjust to it. Like the RBOCs. What's really pathetic is these companies are so cavalrylike that, even with everything we see happening everyday, they canýt reinvent themselves. Global Crossing, Qwest (QWST:Nasdaq), WorldCom seem like mechanized divisions brimming with swift-moving tanks against these swordsmen on horses. They deserved to get slaughtered. James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long AOL. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at letters@thestreet.com.

To: Frank A. Coluccio who wrote (927)	5/18/1999 9:26:00 AM
From: MAX404	Read Replies (1) \| Respond to of 15615

Hello Frank I think a great next move for GBLX would be to acquire a European CLEC, the most interesting of which in terms of technology, extension, market aggressiveness, and management savvy, is Colt Telecom COLTY. This would in one fell swoop give the GBLX "Group" the coverage to do what tortuous Euro/American "alliances" have been trying to do for years: control all the bandwidth between customer endpoints in the two richest markets in the world, i.e., US and Europe. What do you think? Best regards.

To: Frank A. Coluccio who wrote (927)	5/18/1999 10:24:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

I was finally able to listen to the CC. (I had to use the international number 619-812-6450, code 12396544. It helps a little to view the sides from the web site concurrently) One of the strangest experiences of my life. It wasn't like a "normal" analyst CC, there were regular reporters there that, most likely, had never heard of Global Crossing before. Fittingly, the presentation was astronomical in scope and, consequently, shallow on particulars. (Hey, many they don't really have a plan.<G>) It definitely allows the company to expand its concept. There was almost no mention of the wholesale aspect of the company, the thrust of the presentation was the greatly enhanced variety of products and services that the combined company be able to offer to address the estimated $1 trillion global market. The combined company will have significant cash flow to expand the global network into the continents labeled "Growth" on slide 22. There is tremendous opportunity out there and this merger will enable the company to seize a larger portion of it quickly. Bob Annunziate still plans to expand city to city connectivity internationally beyond the announced network, both though building and acquisition. Bob was really excited about slide 26, "World's Largest DLEC," showing, among other things, US West serves 10% of the US population, but has 40% of the nation's DSL subscribers and 30% of the nation's local frame relay ports. There was a lot of talk about the entertainment services over VDSL. They mentioned that US West is just starting to roll out something called "Choice TV." Maybe Frank C has more information on this, but from what I could tell they can provide (actually working now in part of Phoenix) 167 channels of Digital TV, phone service that interacts with TV and "high speed" Internet access over 4,000 feet of copper. (sounds kwel so they put that in the GSP stock) There was some talk about increasing the wireless offerings. Anyone know anything about USW or FRO's wireless operations? That Web Phone thing seems interesting. The 12 Web Hosting/ Distribution Centers, in the top 2 or 3, are growing at over 100% per year. That rate, of course, will increase as they are expanded to include application hosting and other services worldwide. There was a mention towards the end of the Q&A that Global Crossing had signed an agreement for 100 miles of fiber in metro New York Sunday night. Interesting, too bad there were no details given. The general theme seemed to me to be that terms like LEC and RBOK were obsolete and that the future will be ruled by Global Service Providers. May the Force be with us. We're gonna need it.