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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: Frank A. Coluccio who wrote (4178)	6/17/1999 12:23:00 PM
From: MikeM54321	Read Replies (4) of 12823

Re: MFNX Valuation Frank, Sorry to be jumping around on you. I meant to ask this earlier, but didn't have the time. Anyhow, your interesting comments on MFNX got me interested in checking out their fundamentals. My jaw dropped when I saw their current valuation. I don't think an Internut can come close to this. Annual Sales: $53 million Book Value: 79 cents/share Employees: 121 MARKET CAP: $7.6 BILLION! What am I missing? I don't even think they have a website. Gee what is it they do that obviously no one else in the universe can? With this kind of valuation, what is keeping, "Two Brothers and a Truck" from giving up moving furniture and go and string fiber between COs <VBG>. I am guessing the FCC had something to say about Metromedia getting into Bell Atlantics CO. Seems like the FCC could help someone else. I'm just blown away by this valuation. I do agree with your post about the potential importance of having dark fiber between CO's brings, but can the ILECs be that incredibly difficult to work with that the market gives MFNX the kind of astronomical valuations it has? And how can they possibly have, "...a 380,000-mile fiber-optic communications network in the New York City metropolitan area (including parts of New Jersey) and in Chicago, Philadelphia, and Washington, DC." You go around the entire world quite a few times in a 380,000 mile trip? Maybe even go to the Moon. Yet they manage all this distance around NYC? I'm baffled by this one, but you can probably enlighten me. I'm sure I'll feel stupid after you explain it to me. Thanks, MikeM(From Florida) PS Whoops. Just found their website: mmfn.com

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