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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX)

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To: Capitalizer who wrote ()3/17/1999 10:32:00 AM
From: Curtis E. Bemis  Read Replies (1) of 1983
 
4th Quater results--Pretty impressive !!

- Revenues increase to $36.4MM in 1998 from $2.5MM in 1997

- Announced signing of more than $400 million in contracts

- Fiber miles expanded to 230,000 in 1998 from 27,000 in 1997

Metromedia Fiber Network, Inc., (NASDAQ: MFNX), a provider of dedicated fiber optic networks within major metropolitan areas, today
reported fourth quarter and year end results for the period ended December 31, 1998. Revenues for the year ended December 31, 1998 increased
1,356% to $36.4 million compared with $2.5 million for the year ended December 31, 1997.

marketwatch.newsalert.com
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