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

To: limtex who wrote (1029)	5/29/1999 3:23:00 PM
From: D. Newberry	Respond to of 15615

Hi Limtex, As I recall, WCOM sold off when they bought MCI, and T went in the tank for awhile when they bought TCI. Both since took off to new highs after the market bought in to what they were doing. This deal between USW and GBLX is very complex and very unusual. It could just be a matter of the street becoming comfortable with the deal. I agree with you. This merger has a great deal of potential. Once the RBOCs are allowed into long distance, I expect that further consolidation will occur. In hindsight, this could be viewed as a very forward looking deal. Unless I am missing something, the USW and GBLX stocks should be tracking each other, since you will eventually be able to trade USW shares for GBLX G or L stock. That will be sometime next year, however. Nonetheless, I expect the telecom sector in general to be hot for the next couple of years. The GBLX/USW is one of the most interesting of the current deals, IMO. I still like this deal, and over the long term we could be very well rewarded. Time will tell, of course. Long but nervous. Regards,