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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?


To: Curtis E. Bemis who wrote (316)6/9/1999 10:17:00 AM
From: Beltropolis Boy  Read Replies (1) | Respond to of 1983
 
perhaps this ... ?

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Metromedia Fiber Network and Comdisco Form Strategic Alliance To Provide Enhanced Availability Services for the Enterprise

ROSEMONT, Ill.--(BUSINESS WIRE)--June 9, 1999--

Cost-effective dark fiber infrastructure speeds business recovery
processes and increases network security


Metromedia Fiber Network, Inc. (NASDAQ:MFNX) and Comdisco, Inc. (NYSE:CDO) today announced a strategic alliance that integrates Comdisco's global business continuity capabilities with Metromedia Fiber Network's local dark fiber optical solution, providing transaction-intensive businesses with increased security and efficiency for availability and business continuity services. The two companies will introduce the service in the New York metropolitan area, with plans to expand to Comdisco facilities nationwide.

Metromedia Fiber Network's high-bandwidth dark fiber infrastructure will enable Comdisco to provide its customers with faster and more cost-effective availability services. In addition, Metromedia Fiber Network's dark fiber solution offers greater security and flexibility through a direct fiber optic link to Comdisco's local business continuity facilities. This will allow businesses to take full advantage of Comdisco's suite of availability services, ensuring transaction integrity, data access and application availability.

"Metromedia Fiber Network's alliance with Comdisco enables information rich enterprises to experience the functionality and flexibility provided by a dedicated dark fiber network," said Howard Finkelstein, president of Metromedia Fiber Network. "Through our alliance with Comdisco, we can provide our customers with a fully integrated and high-bandwidth optical solution for implementing business continuity solutions that are faster and more secure and reliable."

"The amount of critical data generated by companies and the need for it to be highly accessible at all times has increased more rapidly than ever before," said Jeff Keohane, president, Comdisco Technology Services. "This alliance combines best practices in availability services with best practices in optical network technology. By using Metromedia Fiber Network's dark fiber service, both companies can better serve their customers' increasing data protection and recovery needs through the most advanced business continuity services currently available."



To: Curtis E. Bemis who wrote (316)6/9/1999 7:56:00 PM
From: LLCoolG  Respond to of 1983
 
Curtis,

I am amazed as you are. The sad thing is that I sold about half my position at 56 (pre-split), when the market cap hit $5B. I figured it was getting too big, too quick. At least I kept half.

This stock has always seemed to be a protected entity, and for non-Politicallt Correct reasons I will not post them. In addition, QWST, LVLT, and GBLX have seen their market caps increase quite a bit, which could not be hurting MFNX.

This combined with continued winning of contracts, and deals with companies like Lucent, probably attract attention. And there are still a lot of people who don't know who this company is, despite the fact that it is up so much since 1/98.

G