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To: Zoltan! who wrote (28882)	10/27/1999 11:16:00 AM
From: elmatador	Respond to of 77400

Metromedia, Storage Networks Sign $96 Million Dark Fiber Deal October 27, 1999 By Maura Ginty International Editor Metromedia Fiber Network, Inc. Wednesday inked a 20-year, $96 million agreement with StorageNetworks to lease dark fiber to the storage service provider. StorageNetworks will have access to Metromedia's (MFNX) global infrastructure and will also receive high-speed, high-bandwidth dark fiber infrastructure in major metropolitan areas of the United States StorageNetworks will use the capacity to connect its storage points of presence to its global data storage network. StorageNetworks will use the lease agreement to enhance the company's continuity and disaster recovery services, including restoration and data sharing. The deal represents Metromedia's first agreement with a data storage company, and Metromedia calls the deal a demonstration of the need for dark fiber in the enterprise network market. "COMMENTS FROM ELMATADOR: Roll on the next next gen networks!!" StorageNetwork explains that as businesses require storage of larger amounts of data as well as instant access to that information, the company expects more enterprise users to move from center-based Storage Area Networks (SANs) to outsourced data management. The company predicts that the market could reach $10 billion this year and will continue to grow at 32 percent annually. Metromedia has raked in some major deals this month through its fiber network. Since Oct. 5, Metromedia signed a $550 million dark fiber deal with Bell Atlantic sweetened by a $1.9 billion investment and signed a $300 million dark fiber agreement with WinStar.

To: Zoltan! who wrote (28882)	10/27/1999 11:22:00 AM
From: Curtis E. Bemis	Read Replies (1) \| Respond to of 77400

Ecommerce is not chopped liver-- Off AP-Internet Revenues Projected To Rise WASHINGTON (AP) - Revenues for Internet-related businesses are projected to rise more than 67 percent this year to $507 billion, according to a study financed by one of the industry's giants. With the increase over $301 billion in revenues in 1998, those businesses now account for 2.3 million jobs, according to the study by the Center for Research on Electronic Commerce at the University of Texas in Austin. The study, funded by Cisco Systems Inc., the $12.1 billion computer networking company, included both those running the Internet - such as computer hardware and software companies - as well as those selling products over the network. Cisco provided the study to news organizations for publication Wednesday.