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

To: Teddy who wrote (1036)	6/2/1999 12:50:00 AM
From: Lazarus Vekiarides	Read Replies (2) \| Respond to of 15615

Hmmm. I smell something funny. Personally, I'm not quite ready to sell my position just yet. On the other hand, I find it amusing that I can now add to my position @ 47 and tender @ 62. In fact, I also happen to have some out of the money July 55 calls that I could use to do the same thing. All right... here's my play: I'll tender my entire position at 62, and then buy it back at 55 or at market, whichever is lower. that's at least 7.75/shr in profit. So are we going to get a tender offer in the mail? How is this thing going to work? Laz

To: Teddy who wrote (1036)	6/2/1999 8:18:00 AM
From: jerryriti	Read Replies (1) \| Respond to of 15615

>I have decided not to tender> Would you explain why you would not tender your current shares? By your reasoning you will give up approximately 17% of your position at a substantial premium to the current price. Seems obvious that to tender makes sense. Am I missing something? Would appreciate an explanation. Thanks in advance.

To: Teddy who wrote (1036)	6/16/1999 2:03:00 PM
From: Beltropolis Boy	Read Replies (2) \| Respond to of 15615

>from Teddy on Jun 1 1999 10:04PM EST: >First let me start by explaining why i frequently refer to The WSJ as The Wall Street Urinal (every few months someone on SI asks) ... >I did have a chance, over the long week end, to read several main stream media articles on GBLX/ USW (or USW/ GBLX) and came to the conclusion that there are very few people that understand this transaction ... teddy. a long-overdue thank you for your response. my, how overcome by events we are in such a brief fortnight. will someone sensible stop this carousel? my head's spinning. one question: hypothetically speaking, if shareholders approve QWST's buyout of USW, couldn't USQwest potentially own a slice of global crossing (i.e., given USW is buying 9.5% ahead of the GBLX merger)? -chris.