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Technology Stocks : AppliedTheory Corporation (ATHY)
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To: Mr. Big who wrote (20)4/30/1999 5:39:00 PM
From: Gordon Gekko  Read Replies (1) of 98
 
Anyone who bought at the open definitely took it in the shorts this afternoon. I am sure glad that I waited till the end of the day to get in.

There is one major problem with this company. They are too dependent on the state of New York, but that should be changing relatively soon.

Long-distance carrier IXC owns about 28% of AppliedTheory, and
Grumman Hill Investments another 14%. IXC is building a coast-to-coast
network, over which AppliedTheory will reach Internet customers outside New York.

Looking forward to some good movement in the month of May.

GG
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