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 Technology Stocks | Global Crossing - GX (formerly GBLX)

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To: gruetz who wrote (11678)6/8/2001 1:28:57 PM
From: Jason Harlan   of 15615
 
Yes, EXDS is in trouble...

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To: Jason Harlan who wrote (11679)6/8/2001 4:08:45 PM
From: gruetz   of 15615
 
If EXDS the company is in trouble and not just the stock EXDS, then why didn't they entertain Cable & Wireless overtures a few weeks ago.

Anybody have any thoughts on how this might eventually play out? Will GX get involved at some point?

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To: Ally who wrote (11260)6/8/2001 4:42:57 PM
From: HW Bowman   of 15615
 
This thread can be accessed by a new SI participant by choosing "Stock Talk" and entering GBLX, the old symbol. Idiosynchratic, but not impossible.

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To: cardcounter who started this subject6/8/2001 6:58:18 PM
From: Theophile   of 15615
 
GX Venture Capital named in top 25....FWIW.
But then again, involvement with Global Crossing has been as close to a VC as I ever hope to be again...<g>...
(and please remember I do not endorse Red Herring)
Martin Thomas

biz.yahoo.com 
Friday June 8, 2:21 pm Eastern Time
Press Release
SOURCE: Red Herring Communications, Inc.
Red Herring Names Global Crossing Ventures Top VC Firm of 2000
Ranks Embarcadero Technologies as the Year's Top Technology IPO; Goldman Sachs as No. 1 Lead Manager
SAN FRANCISCO, June 8 /PRNewswire/ -- Red Herring in its ``IPO Review,'' has ranked Global Ventures Crossing as 2000's top venture capital firm for technology offerings. The fund leads the fifth annual Top 25 listing, published in the business magazine's June 15/July 1 issue. In addition, Embarcadero Technologies was number one among the year's technology initial public offerings (IPO) and Goldman Sachs led the investment bank list as lead manager. The feature also is available on the Web at redherring.com  &rh_special_report_id=670000067&doc_id=1380019338.

Three portfolio companies of Global Venture Crossings, a networking infrastructure company investment vehicle, had IPOs for a total of $407 million last year. The fund led the standings, based on equi-return performance of their IPOs in 2000 as determined by Thomson Financial Venture Economics. Among the Top 25 VC firms, the leaders are:

Global Crossing Ventures
VP Private Equity
Williams Communications Group
Summit Partners
Needham & Company
Database software maker Embarcadero Technologies (Nasdaq: EMBT - news), which debuted in April 2000 with a $42 million offering, heads the Top 25 technology IPO list. Rankings were based on percentage gain in market capitalization from initial offering through year-end. The top five are:

Embarcadero Technologies
First Horizon Pharmaceutical
Sonus Networks
Stanford Microdevices
Praecis Pharmaceuticals
Leading investment bank Goldman Sachs benefited from a long relationship as strategic and financial advisor to AT&T. It was co-lead manager of AT&T Wireless's (NYSE: AWE - news) $9 billion IPO. It underwrote a total of 39 deals generating $10,103 million in proceeds. The top five of the 25 ranked firms are:

Goldman Sachs
Credit Suisse First Boston
Salomon Smith Barney
Merrill Lynch
Morgan Stanley
Red Herring's ``IPO Review,'' with complete Top 25 rankings of 2000's IPOs, VC firms and tech investment banks, along with analyses, appears in the magazine's June 15/July 1 issue and on the Web at redherring.com  &rh_special_report_id=670000067&doc_id=1380019338.

About Red Herring Communications, Inc.

Red Herring Communications, Inc., is an integrated network of media properties connecting the people, companies and industries whose ideas and technological innovations are inspiring and reshaping the world of business. Founded in 1993, Red Herring magazine, the company's flagship platform, provides in-depth analysis and reporting on the business of technology, innovation and entrepreneurialism. RedHerring.com, Red Herring Research and Red Herring Events offer a unique blend of news, commentary, financial analysis, investor tools and access to leaders of emerging technologies and markets. A privately held company, Red Herring Communications, Inc. is headquartered in San Francisco and has offices in New York, Los Angeles, Boston and London.

SOURCE: Red Herring Communications, Inc

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To: Emile Vidrine who wrote (11553)6/8/2001 7:17:06 PM
From: Theophile   of 15615
 
Emile, I too had the question of whether Winnick was simply being sly about selling without appearing to be selling.

I do not believe, however, that Winnick could stay sufficiently clean during the Leveraged Buyout Era with Drexel Burnham to remain out of the slammer, and then go do something patently absurd such as this. I believe you are correct in principal, i.e. he wanted the cash somewhere other than in GX for a spell, but I believe whatever he did would be legal. Not that being legal makes something right, just that he is not that naive.

Martin Thomas

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To: jopawa who wrote (11569)6/8/2001 7:30:27 PM
From: Theophile   of 15615
 
comment about and it also has a huge interest in Global Crossing, which may need additional capital in the next six months.
Yeah, I saw that and the only sentence which stuck out like an elbow is the one you bolded (above). Just because we both see the same inuendo does not make us both paranoid, it only means we are alert. Ask Andy Grove.

I believe the idea of battling another company's shareholders would be adequate to turn Winnick away...he has his own shareholders to worry about, right Fez?<g>
MartinT

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To: gruetz who wrote (11581)6/8/2001 7:47:19 PM
From: Theophile   of 15615
 
Thanks Gruetz, I remember when Qwest decided to begin selling all their holdings in GX which they somehow acquired during the GX//FRO//USWest vs Qwest//FRO//USWest fray....I believe it has been about a year since then, or more, and they are continuing to sell?
MartinT

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To: Frank A. Coluccio who wrote (11648)6/8/2001 9:56:08 PM
From: David C. Burns   of 15615
 
Frank,

Thanks for the recent history since the 1970s, but the original post said SPrint dated to 1899.

That's what I was wondering about.

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To: David C. Burns who wrote (11686)6/8/2001 11:11:26 PM
From: Frank A. Coluccio   of 15615
 
Well, it couldn't be Southern Pacific RailRoad, which was founded in 1865:

trainweb.org 

Sprint is only the latest name of a series of successors since 1899. I recall them as United Telecom prior to Sprint, circa 1972, which was prior to the account that I gave upstream. Sorry, I don't recall Farmer Brown, though.

This is from their web site, showing the lineage from 1899:

sprint.com 

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To: Frank A. Coluccio who wrote (11687)6/9/2001 9:32:06 AM
From: eeziee   of 15615
 
Sprint History....OT

Now that I think about it, Sprint merged with GTE several years ago. GTE was known as General Telephone back in 1969 as I worked for them for a time and remember the name and logo on the truck. General Telephone was the local telephone service provider for many smaller towns throughout the midwest and for large cities in Florida and California back then.

I believe General Telephone was the 2nd largest local provider in the US after Bell Telephone. Not sure how long prior to the that the General Telephone name was used but they may have been something else for years and then merged with another company to become General Tel.

United was also a local Telephone provider around the midwest in the seventies but had no affiliation with General Telephone.

eezie

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