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

To: Robert Sheldon who wrote (1035)	6/2/1999 1:38:00 PM
From: Sawtooth	Read Replies (3) \| Respond to of 15615

<<<Btw, does any one know how holders of GBLX will be allocated shares of the two tracking stocks if and when USW deal is consummated? For example, if you have a 1000 share position, do you get 1000 (or whatever the pro rata allocation) of each. What is the allocation if you are required to take both?>>> <<I spoke with management due to the various conflicting news reports . . . They insist that shareholders will be given a choice between G and L shares or may select a mix of both.>> I can hardly imagine this is good for the general shareholders. I run into a lot of people who are interested in the GBLX story. But when we get to the part about the allocation of G vs. L shares, tracking stocks, etc., a frequent reaction is oh, never mind. I think people remember many of the problems with the old Class A, Class B Common situations. The conflicting articles certainly aren't helping. The other side is if one can figure out what it all means in the long run before the other fellow, there is a profit opportunity. Personally, I haven't figured it out yet. ; (