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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (19299)	8/11/1999 2:08:00 AM
From: AlienTech	Read Replies (2) \| Respond to of 43080

Not sure anyone saw the Softbank news today about their 800mil venture fund for asian expansion. Seems INIT is also in it.. ''Interliant offers one of the most robust sets of Internet hosting services in the market today,'' commented Bradley Feld, Co-Chairman. ''We generate more than 40% of our revenue from application hosting, the highest value-added services in Internet hosting. Through our acquisition of Interliant Texas in March 1999, we became one of the largest application service providers (''ASP'') with a track record of more than five years. We are focused on fast implementations of Internet-enabled applications that provide cost-effective solutions for our customers and provide them with a competitive advantage by speeding their time to market.'' Mr. Lidestri continued: ''We believe that we are one of the largest Internet web hosting providers today and we obtain more than 35% of our revenue from these services. With more than 50,000 active web hosting customers, we host more than 85,000 active domains and our customers have parked more than 130,000 domain names with us, a significant proportion of which we hope to turn into active domains over time.'' Mr. Feld further stated that during this quarter, ''Interliant made a strategic investment in Asia On-Line, a Hong Kong-based Internet Service Provider (''ISP'') which will provide us with quick access to Asian markets.'' He also indicated that, ''the investment earlier this year by SOFTBANK Technology Ventures affords us access to many of the SOFTBANK portfolio companies.''