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Technology Stocks : Viatel (VYTL) -- Ignore unavailable to you. Want to Upgrade?

To: debra vogt who wrote (115)	7/29/1999 11:34:00 PM
From: Jack Gibson	Read Replies (1) \| Respond to of 157

debra: Thanks for the post. I talked yesterday with the IR people in New York, and they told me that the second ring would be "lit" this week, and they are all very pleased with their progress. Rings 3, 4, and 5 are all coming along right on schedule. They are also looking forward to q4 when the company finally reaches EBITDA, that magical goal for all young companies, especially those in capital intensive high tech business. They feel confident they will reach that goal on schedule,i.e., Q4. Moreover, they are pleased with their new customer add-ons. Evidently, everything is going Viatel's way right now. I'm sticking to my position;in fact, I may add to it tomorrow or Monday. I think the earnings report on Aug 4th will be a really good one. I Bought 10 Oct 25 calls yesterday when the stock hit 35 1/2. Paid only 1 dollar premium for a three month option. I thought it was strange, but apparently the MMs just missed it. The cost of the option was 11 7/8. When it executed the stock had gone to 36, so I was$11.00 in the money, so I wound up paying only 7/8 for the time...about 3 months. Hell of a deal. Good trading, Jack Gibson