Hutchison falls with Global Crossing deal on rocks

CBS MarketWatch.com ^ | 4/29/2003 | Allen Wan

[SierraWasp]

11:10PM Hutchison falls with Global Crossing deal on rocks (HUWHY, GBLXQ) by Allen Wan

Shares of diversified Hong Kong conglomerate Hutchison Whampoa (HUWHY) fell 0.5 percent to HK$43.70 Wednesday amid media reports that its deal with Singapore Technologies Telemedia to buy troubled telecom giant Global Crossing (GBLXQ) was on the skids. The Wall Street Journal reported that the U.S. Committee on Foreign Investment in the United States, which represents a number of agencies, has launched a rigorous 45-day review of the Global Crossing deal. The report said the U.S. government was concerned that foreign countries might use Global Crossing's 100,000-mile fiber-optic network to monitor U.S. telecom traffic. Hutchison Whampoa is controlled by Li ka-shing, one of the world's richest men. Citing an unidentified source, Reuters reported that Hutchison will likely pull out of the deal.

[SierraWasp]

"Russian CZARS"

I know... ancient "regime change" to Commonism!!! (mischievious grin)

[Ernest_at_the_Beach]

Well, lets start going thru the bump list at post #7!

[SierraWasp]

1. Because our Great Grandfathers tax dollars built it

2. Because we owned it

3. Because it's strategic

4. Because we're the arrogant capitalist pigs of the planet and we should stay that way

5. Because I hope that answer (#4, above) offends the heck out of you for asking such a sucky question!!!

[SierraWasp]

Suits me... You're the expert at the indexing. Oh! Did anybody ping JohnHuang2? I never can remember how to spell that last name... You know... "The King of Ping?"

Well... waddaya know? I stumbled around till I actually spelled his name correctly! (This software keeps bouncing it till ya gits it write)

[Cold Heat]

Great news! But just one less thing to worry about with the Chinese.

[Bogey78O]

Without it any ship traversing from the Pacific to the Atlantic or vice versa needs to go around an entire continent.

[SierraWasp]

Hay Blam... sumbudy's takin yer name in vein in there tag line! (grin)

Sorry ta snitch on ya, wirestripper. (evil grin)

[Cold Heat]

LOL! I guess I will have to come up with a different word for the sound of a fortyfour.

[SierraWasp]

Plus... What's up with this putrid poetry on your home page?

"Swear allegiance to the flag Whatever flag they offer"

[Ernest_at_the_Beach]

Remember this thread:

A Link To Global Crossing, Terry McAuliffe and AFL-CIO

[SierraWasp]

"Blewey" has a ring to it!!!

Whatsa matta, ain'tchew into "interest based outcome based negotiations?" (full blown sarcasm)

[Ernest_at_the_Beach]

Wish I could remember who, I'd like to flag him/her down to see this.

It might be Bayou City

Last time he posted was 4/18 though!

[zechariah]

1. Because our Great Grandfathers tax dollars built it

Hmmm...must have been done on the cheap. They didn't pay income taxes back then!! Anyway, we should have built it in Nicaragua.

2. Because we owned it

Haven't you ever donated an old junker car to a local charity?

3. Because it's strategic

Er, strategic to what? Our ships won't even fit through the canal anymore.

4. Because we're the arrogant capitalist pigs of the planet and we should stay that way

But the canal was never a project of capitalism. Shoot, in its heydey, I doubt it ever made any money. But just look at Panama City; now there is arrogant capitalism for you. If you didn't know better, you'd think you were in Miami.

5. Because I hope that answer (#4, above) offends the heck out of you for asking such a sucky question!!!

Nah. You'll have to try harder.

[z]

[SierraWasp]

Yup! That's the stuff, Ernie!!!

I cud jus hear the sounds of diggin goin on down dere at da beach!!!

Hey, don'tchew be lettin them bronzed bullies kick sand in yer 90lb face!!!

Dig up another link under 'em!!! (you da man!)

[SierraWasp]

"...have to try harder."

Not me! I'm given up right NOW! You're just too tuff!!!

[zechariah]

Without it any ship traversing from the Pacific to the Atlantic or vice versa needs to go around an entire continent.

Our larger naval ships won't fit through the canal. Ditto for the larger, modern cargo ships.

Plus, you have to pay to go through the canal. For newer, faster ships, going around Cape Horn can be more economical overall.

On the other hand, the canal is a big hit with the cruise ships.

[z]

[zechariah]

What's up with this putrid poetry on your home page?

Hah! I offended you first! I win!

[z]

[SierraWasp]

"It might be Bayou City"

That din't wring my Chines Gong! I simply cain't rememmer!!! (evun if yew came up with it I wudn't rememmer)

[Cold Heat]

:-)

[SierraWasp]

"I win!"

Yep! Yew gits the booby prize!!!