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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (4178)	6/15/1999 10:42:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 12823

Re: Metromedia Fiber(MNFX) and Bell Atlantic's COs Frank, Great post. I've got a couple of follow-up comments/questions. When I read the details of the agreement, I immediately thought as you did. Bell Atlantic is outsourcing the work needed to be done between their COs. I can see a day coming where there is going to be some kind of merger/parternering<G>/purchase, etc. between BEL and MNFX. This agreement has to have some hidden agreements along these lines. ___________ Now your comment, "Shouldn't BEL be concerned that the upstarts will simply leap frog them, if they give away the keys to the central office?", confuses me. BEL is not giving away the part that matter most. And that is the part between the CO and the customer, right? So the way I see it, doesn't the, "local loop," become even more valuable for BEL and BEL's enterprise customers? Thanks, MikeM(From Florida)

To: Frank A. Coluccio who wrote (4178)	6/15/1999 10:56:00 AM
From: Kenneth E. De Paul	Read Replies (1) \| Respond to of 12823

Without knowing who bills whom for what, it might be the best move ever. If the intelligence and access provided to MFNX by BEL is profitable enough, maybe this is a good business case on its own despite any hidden agendas, which there could be a boatload of. It certainly is a good experiment, anyway.

To: Frank A. Coluccio who wrote (4178)	6/17/1999 12:23:00 PM
From: MikeM54321	Read Replies (4) \| Respond to of 12823

Re: MFNX Valuation Frank, Sorry to be jumping around on you. I meant to ask this earlier, but didn't have the time. Anyhow, your interesting comments on MFNX got me interested in checking out their fundamentals. My jaw dropped when I saw their current valuation. I don't think an Internut can come close to this. Annual Sales: $53 million Book Value: 79 cents/share Employees: 121 MARKET CAP: $7.6 BILLION! What am I missing? I don't even think they have a website. Gee what is it they do that obviously no one else in the universe can? With this kind of valuation, what is keeping, "Two Brothers and a Truck" from giving up moving furniture and go and string fiber between COs <VBG>. I am guessing the FCC had something to say about Metromedia getting into Bell Atlantics CO. Seems like the FCC could help someone else. I'm just blown away by this valuation. I do agree with your post about the potential importance of having dark fiber between CO's brings, but can the ILECs be that incredibly difficult to work with that the market gives MFNX the kind of astronomical valuations it has? And how can they possibly have, "...a 380,000-mile fiber-optic communications network in the New York City metropolitan area (including parts of New Jersey) and in Chicago, Philadelphia, and Washington, DC." You go around the entire world quite a few times in a 380,000 mile trip? Maybe even go to the Moon. Yet they manage all this distance around NYC? I'm baffled by this one, but you can probably enlighten me. I'm sure I'll feel stupid after you explain it to me. Thanks, MikeM(From Florida) PS Whoops. Just found their website: mmfn.com