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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: george harriman who wrote (2857)	8/8/1999 4:38:00 PM
From: DavidCG	Respond to of 3541

Since AT&T is allowing IFCI to upgrade its cable systems in two major cities. (San Francisco and Denver) I'd think twice before shorting IFCI. AT&T doesn't strike me as a big dummy. But maybe you are smarter than AT&T. Who knows? My money goes where T's money goes. It's on IFCI. In case anyone has forgotten, I'll repost the story: "International FiberCom Announces Design- Build Agreements With AT&T Broadband and Internet Services Initial Projects in San Francisco, Denver Areas PHOENIX--(BUSINESS WIRE)--June 23, 1999--International FiberCom Inc. (Nasdaq/NM:IFCI - news) and its Chairman and CEO Joseph P. Kealy Wednesday announced that IFCI will provide AT&T (NYSE:T - news) Broadband and Internet Services (``AT&T/BIS') design-build services for the upgrade of its cable systems. Initially, IFCI will take on portions of AT&T/BIS's cable upgrade projects in the San Francisco Bay and Denver areas. Under these agreements, IFCI will be an essential contractor for AT&T/BIS. IFCI plans to use these contracts as an opportunity to further leverage its relationship with AT&T/BIS. Ultimately, IFCI would like to provide AT&T/BIS with design-build services in those additional markets where system upgrades are underway or are contemplated and with local line installation and maintenance services as AT&T/BIS rolls out its new video, data and voice product lines. Commenting on this exciting new opportunity, Kealy stated: ``The prospect of taking on major design-build contracts for AT&T/BIS represents a huge step forward for IFCI. It fully validates our mission -- to provide full solutions and multiple services, to be a complete `one-stop shop' for our customers in the telecommunications marketplace.' -DavidCG