David A. Walsh to Head Global Crossing Sales and Marketing.Business Editors & High-Tech Writers HAMILTON, Bermuda--(BUSINESS WIRE)--March 9, 2000 Global Crossing Ltd. (Nasdaq: GBLX GBLX Global Crossing Ltd. (stock symbol) ), which is building and operating the world's most advanced global IP-based fiber optic network, announced David A. Walsh is to be named head of global sales and marketing upon successful completion of Global Crossing's acquisition of IXnet, Inc. (Nasdaq: EXNT) and IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. Communications, Inc. (AMEX AMEX See: American Stock Exchange : IPI (Intelligent Peripheral Interface) A high-speed hard disk interface used with minis and mainframes that transfers data in the 10 to 25 MBytes/sec range. IPI-2 and IPI-3 refer to differences in the command set that they execute. See hard disk. ). Mr. Walsh is Chief Executive Officer of IXnet and IPC. He will continue at IXnet and IPC until Global Crossing's acquisition of the two companies has been completed. Mr. Walsh will take over the current duties of Barry Porter George Barrington Porter, known as Barry Porter (7 June 1939 – 3 November 1996) was a British lawyer and Conservative Party politician. Porter was first elected at the 1979 general election as Member of Parliament (MP) for Bebington and Ellesmere Port. , Senior Vice President for Corporate Development, who has oversight responsibilities for sales and marketing. Porter, one of the founding partners of Global Crossing, will retain major holdings in Global Crossing and stay on the Global Crossing board of directors. Said Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. J. Hindery, Jr., Chief Executive Officer of Global Crossing: "David Walsh's agreement to take over the sales and marketing function at Global Crossing upon completion of our acquisition is a coup for us as we move from a network-building enterprise into a worldwide telecommunications company See telecom company. with a full range of products and services. David has built a dominant position with IXnet in the international finance community against all odds. I also want to thank Barry Porter whose invaluable leadership helped Global Crossing grow from a single trans-Atlantic cable to a world class company connecting five continents. We wish Barry every success as he transitions to a private investor role outside the company." About Global Crossing Global Crossing Ltd. (Nasdaq: GBLX) is building, and offering services over, the world's first global fiber optic network with 97,200 announced route miles The number of miles that are spanned by a telecommunications network. It does not include combined wire mileage due to multiple wires or fibers within a single cable or by overlapping segments, just the total geographic distance between cities or other terminal points. , serving five continents, 24 countries and more than 200 major cities. The Global Crossing Network and its telecommunications and Internet product offerings will be available to over 80% of the world's international communications traffic. Global Crossing hosts more than 300 of the top Internet brands at its web hosting division, GlobalCenter. Among the brands are some of the largest and most densely trafficked sites on the Web, including Yahoo!, The Motley Fool, Ziff Davis, MP3.com and eToys. Global Crossing's operations are headquartered in Hamilton, Bermuda, with principal offices in Los Angeles, California; London, England; Morristown, New Jersey Morristown is a town in Morris County, New Jersey, United States. As of the United States 2000 Census, the town population was 18,544. Its estimated population in 2004 was 18,842. It is the county seat of Morris CountyGR6. ; Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or ; and Miami, Florida. Visit Global Crossing at www.globalcrossing.com on the Web. Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. |
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