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To: Kenneth E. Phillipps who wrote (5499)	10/7/1999 12:12:00 PM
From: Frank A. Coluccio	Respond to of 12823

Ken, I had reservations about the amount paid for Cerent at the time of that deal, and still do. My view is that they possess the necessary telco type hooks that could be integrated with the Monterey product to give a more rounded platform, but that remains to be seen. But still, ~ 7 Billion is a lot of packets, when you think of it. I will read the article later and reply with something more coherent. Frank

To: Kenneth E. Phillipps who wrote (5499)	10/7/1999 12:18:00 PM
From: Frank A. Coluccio	Read Replies (2) \| Respond to of 12823

Re: MFNX/BEL 2 Billion 19% stake, below... This action was foretold, I believe, when BEL agreed to permit MFNX colocation rights "at the strand interconnect level on their mainframes" about four months ago. I believe that BEL, in this respect, is positioning themselves for some real breakaway activity, from a networking modality perspective (perhaps the introduction of dark fiber services of their own, maybe lambdas, sooner down the road, than we would ordinarily think from a BOC). The issue that appears to be answered next is, How does MFNX's fiber swapping agreement with Williams play with this new part ownership role of BEL? Anyone have any thoughts on this? I think that they (BEL)may have seen the light. Stay tuned, and comments welcome. Regards, Frank Coluccio ------------ Bell Atlantic takes 19 percent stake in Metromedia Thu Oct 07 09:37:00 EDT 1999 NEW YORK, Oct 7 (Reuters) - Bell Atlantic Corp. said on Thursday it will take a 19 percent stake in Metromedia Fiber Network Inc. as part of a $2 billion deal that will give the giant U.S. local telephone operator access to a key nationwide fiber optic data network. Under the deal, Bell Atlantic will pay Metromedia $500 million for the use of its network -- in 50 major U.S. metropolitan markets and several cities abroad -- for 20 years. Bell Atlantic will also take a 9.9 percent stake in New York-based Metromedia for $700 million in newly issued shares at $28 per share. It will also buy about $975 million in debt securities, increasing Bell Atlantic's investment in Metromedia to 19 percent. Metromedia said it will use the investment to accelerate the growth of its network, which can be used to transmit data, voice, video and multimedia communications, both in the United States and abroad. The news was released before the markets opened on Thursday. On Wednesday, shares of Bell Atlantic closed at 66-11/16 on the New York Stock Exchange and Metromedia ended the day at 31-1/4 on the Nasdaq. "This relationship extends our data network and advances our strategy to be a nationwide and global provider of leading-edge communications services," Bell Atlantic Chief Operating Officer Larry Babbio said in a statement. Bell Atlantic and other major U.S. local phone companies are in race to capture the growing wireless as well high speed Internet access markets across the United States. Last month, Bell Atlantic agreed to a joint venture with Britain's Vodafone Air Touch Plc that would combine Bell Atlantic's East Coast wireless telephone operations with Vodafone's West Coast business. Bell Atlantic is also in a $53 billion deal to buy GTE Corp and has said it will fold GTE's wireless assets into its Vodafone venture, which would create one of the nation's largest mobile phone company with 20 million customers. This deal, said Babbio, "complements the reach of the GTE national backbone network and our new wireless venture with Vodafone." ((New York Newsdesk 212-859-1631)) REUTERS Rtr 09:37 10-07-99

To: Kenneth E. Phillipps who wrote (5499)	10/8/1999 12:58:00 AM
From: Raymond Duray	Respond to of 12823

Hi Ken, I found it hilarious that Gilder the Golden Tongue was reduced to Guilder the Tradesman of the Telecosm. Where have the editors gone? Can't Dow Jones afford them any more? And where is the fact checker? The Cerent deal was valued at 6.9 not 7.8. Sheesh, is arithmetic a foreign language to these reporters? Just the facts, m'am, The Puckerbrush Kid

To: Kenneth E. Phillipps who wrote (5499)	10/16/1999 12:18:00 AM
From: Frank A. Coluccio	Read Replies (1) \| Respond to of 12823

Ken, Thread... I'm just getting back into it after a hectic couple of weeks. I'd like to get to some old posts over the weekend. Both here, and in the den that Dave H. created for me down the road beyond the one mile post. On another note, I thought that some of you would like to know that I had a brief communication with WTC (Tim), and he's doing well. It's just that he, too, has been very busy. It would be good to "see" him back here, soon. I suspect that he'll be contributing here again before long. Regards, Frank Coluccio