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

To: Teddy who wrote (929)	5/17/1999 12:28:00 PM
From: FR1	Read Replies (3) \| Respond to of 15615

You gotta ask yourself this question: If the following is true: cnnfn.com Under the deal, U S West will pay $2.4 billion cash, or $62.75 a share, for 39 million Global Crossing shares, the equivalent of a 9.5 percent stake in the Bermuda-based fiber-optic firm. Then why is the stock going down on announcement? GBLX should go to at least $62.75. The reason may be that everyone sees this as a big slow down in GBLX. Suppose you are a rapidly growing, lean an mean, business that prints books. For some reason you decide to merge with a dead-in-the-water government owned book printing plant and you give them 50% ownership. This means they have 50% say on everything that happens. How would the public view this? I think most people feel that Bob A. has given away the keys to the castle at GBLX. He is no longer in charge and you have a business run by a government committee. You gotta have one aggressive and decisive boss in charge or you don't move. It's like having two people hammer a nail at the same time.