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Technology Stocks : NOPT: Northeast Optic Network, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fleming who wrote (132)	7/16/1999 11:04:00 AM
From: Cosmo Daisey	Respond to of 708

Mark, Northeast Utilities (NU) held an equity position in NEON as a result of cash and stock to string the lines for NEON. NU uses the cable as a ground and inside the cable is the fiber. The major hospitals (picture quality) and virtually all the universities in New England are hooked up to NEON system. As you know, the internet is managed mostly by the university system with installed equipment at MIT in Cambridge and Central Connecticut State University. NU has had to ease out of its equity position to raise cash to update their nuke plants that were shut down but NRC. The investment managers at NU had hoped to hold the stock but were forced to sell and that has been holding the stock price back. The price would have been higher long ago without the pressure from NU. It is my understanding that NU is done selling so the move forward probably would have happened to some extent without the Gilder Effect. cdaiseyPhD@insideNU.com