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Technology Stocks : AppliedTheory Corporation (ATHY)

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To: DD™ who wrote ()4/16/1999 1:49:00 PM
From: Mohan Marette  Read Replies (2) of 98
 
Anybody has any thoughts on this company? I was wondering as to what the prospects are going forward for ATHY? Looks like they do have some heavy weights as customers such as:-

'-Bank of New York, General Electric Corporation, theglobe.com, Inc., NEC Corporation, Road Runner Computer Systems, Inc. (a joint venture of Time Warner, MediaOne Group, Inc., Microsoft Corporation, Compaq Computer Corporation and Advance/Newhouse Partnership), Eastman Kodak Company, KPMG Peat Marwick LLP, Northrop Grumman Corporation and Bell Atlantic Corp.;

- through NYSERNet, Cornell University, Columbia University, New York
University, the New York Public Library and the New York City Board of
Education; and - through the New York State Department of Labor, the U.S.Department of Labor and a consortium of 46 states and territories.'


Major Shareholders.

PERCENTAGE BENEFICIALLY OWNED(1)
--------------------------
BENEFICIAL OWNER BENEFICIALLY OWNED


(1) BEFORE OFFERING AFTER OFFERING
---------------- -------------- PRINCIPAL STOCKHOLDERS:
IXC Internet Services, Inc.(2)
1122 Capital of Texas Highway, South
Austin, TX 78746-6426....................... 3,773,330 35.6%

NYSERNet.net, Inc.(3)
125 Elwood Davis Road
Syracuse, NY 13212.......................... 3,250,000 30.6

Grumman Hill Investments III, LP(4)
60 East 42nd Street, Suite 2915
New York, NY 10165.......................... 1,886,670 17.8

EXECUTIVE OFFICERS AND DIRECTORS:
Richard Mandelbaum(5)......................... 4,941,115 46.0
Lawrence B. Helft............................. -- *
James D. Luckett, Sr.(6)...................... 422,625 4.0
Denis J. Martin(7)............................ 280,125 2.6
Mark A. Oros(8)............................... 277,875 2.6
David A. Buckel(9)............................ 121,875 1.1
Shelley A. Harrison(10)....................... 500,000 4.6
George Sadowsky(11)........................... 3,284,060 30.9
James Guthrie(12)............................. 3,773,330 35.6
John J. Pendray(13)........................... 32,185 *
James T. Kelsey(14)........................... 1,886,670 17.8
All Directors and Officers as a Group (11
persons)(15)................................ 11,009,860 96.7

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