Global Crossing Jumps on Revised Forecast

Global Crossing Ltd.’s shares jumped 17% after the telecommunications company raised its forecast for 2000 sales and cash flow. The company, which has executive offices in Beverly Hills, said that it expects $5.2 billion in revenue from continuing operations for 2000, up from a previous estimate of $4.84 billion. Cash flow from continuing operations should reach $1.34 billion, up from a previous estimate of $1.21 billion. Global Crossing rose $5.06 to close at $35.13 on Nasdaq.