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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (38615)5/7/1999 8:00:00 AM
From: Doug Robinson  Read Replies (1) of 120523
 
ABOV-AboveNet sets two-for-one stock split
SAN JOSE, Calif., May 7 (Reuters) - AboveNet Communications, a provider of Internet connectivity services, said on Friday it will effect today the two-for-one stock split announced by the company on March 30, 1999.

AboveNet completed an offering of 4 million shares in April with 1.18 million of those shares coming from selling shareholders. Prior to the offering, the company had about 3.3 million weighted average shares outstanding during the second quarter ended December 1998
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