News

Excerpts: Global Crossing CEO out Analysts surveyed by earnings tracker First Call forecast Global Crossing (GBLX: Research, Estimates) lost 71 cents a share in the recently completed third quarter, more than the 7 cents a share loss in the year-earlier quarter. It is expected to lose $2.56 a share in 2000 and $2.58 a share […]

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Excerpts: Global Crossing: Who’s in Charge? Global Crossing Ltd. (Nasdaq: GBLX) announced this morning that CEO Leo Hindery was leaving his post “by mutual agreement” after seven months on the job. According to Casey, the carrier is on target to meet and probably exceed its earnings estimates, including over $1 billion recurring adjusted EBITDA (earnings

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Excerpts: “Bernie’s Big Gamble” MCI WorldCom CEO Bernie Ebbers is sitting at his desk in Clinton, Miss., talking with a visitor about his favorite subject–okay, everybody’s favorite subject these days, the stock market–when he swivels around to peer at a laptop flashing the day’s share price. He squints and finds what he’s looking for. “We’ve

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Excerpts: Moneyline News Hour Willow Bay: And I’ll talk with a cable industry heavyweight on his new job, Global Crossing CEO Leo Hindery. Willow Bay: I’d like to hear this from you in your new role as CEO, is Global Crossing in talks with Deutsche Telekom? Leo Hindery: Willow, we try not to comment on

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GlobalCenter Gets Ready to Come Out — Again GlobalCenter scrapped its plans to go public back in the fall of 1997 when it was acquired by long-distance carrier Frontier “I think Global Crossing and GlobalCenter will perform better and function better side by side than one under the other,” said Leo Hindery. “You’ll probably see

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Excerpts: Frontier Corporation Def 14A. As you may know, on March 16, 1999, Frontier entered into a merger agreement, which was amended on May 16, 1999, with Global Crossing Ltd. and a subsidiary of Global Crossing pursuant to which Frontier will become a wholly owned subsidiary of Global Crossing. The purpose of this special meeting

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The following quotes are excerpted from the TV Guide SC 14F1 filing. You are receiving this Information Statement in connection with the anticipated appointment of persons designated by Liberty Media Corporation (“Liberty”), The News Corporation Limited (“News Corp.”) and the Board of Directors of the Company to a majority of the seats on the Board

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Excerpts: Frontier to Be Acquired by Global Crossing for $10.8 Billion Frontier, which from 1900 until 1995 was called Rochester Telephone, serves almost one million local telephone customers in 13 states. Far more important from Global Crossing’s point of view, though, is that Frontier owns about one-third of an advanced fiber optic communications network being

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Excerpts: “AT&T Makes Local Phone Play with $48B Merger.” Since his first days on the job in November, AT&T chairman Michael Armstrong apparently wanted to partner with TCI chairman and CEO John Malone. Malone — whose sights will shift to control of Liberty Media Group and TCI Ventures Group — vowed that this merger won’t

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