Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis O'Bell who wrote (732)	12/16/1999 7:50:00 AM
From: crimson	Read Replies (1) \| Respond to of 1983

This is my favorite stock I hold right now. It is in my long portfolio, but of all the cable companies out there, this one seems to have the best position. The fact that they own AboveNet makes them a solid player in multiple sectors. Hold and forget about it.

To: Dennis O'Bell who wrote (732)	12/16/1999 9:46:00 AM
From: JakeStraw	Respond to of 1983

Metromedia Fiber Network Named to the Nasdaq-100 Index NEW YORK--(BUSINESS WIRE)--Dec. 16, 1999--Metromedia Fiber Network, Inc. (Nasdaq:MFNX - news), has been named to the Nasdaq-100 Index, effective with the market open on December 20, 1999. The Nasdaq Stock Market lists nearly 5,000 companies and has the largest dollar volume of trades of any financial market. The Nasdaq-100 index was launched in January 1985. Eligibility criteria include a minimum average of daily trading volume of 100,000 shares. Nasdaq is a subsidiary of NASD, the largest securities-industry, self-regulatory organization in the United States. ''It is an honor to have Metromedia Fiber Network associated with other technology leaders in the Nasdaq-100 Index,'' said Stephen Garofalo, Chairman and Chief Executive Officer. ''Over the past 15 years, this important market indicator has been one of the most respected in the investment community.'' About Metromedia Fiber Network Metromedia Fiber Network is building an end-to-end fiber optic infrastructure in top tier metropolitan markets, enabling organizations to implement mission-critical Internet applications for data, video, and multimedia. By offering virtually unlimited, unmetered bandwidth at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold. In addition to its current nationwide expansion in 50 major US and Canadian cities, Metromedia Fiber Network is entering the international market with fiber optic network builds throughout Europe. Metromedia Fiber Network recently acquired AboveNet Communications, the architect of the global one-hop network and the leading provider of Internet connectivity and co-location solutions for high-bandwidth and business critical applications. The combined company will facilitate the explosive growth of e-commerce and advanced Internet applications by delivering secure, reliable and scalable optical networks to Internet content and service providers, carriers and enterprise users, worldwide. For more information about Metromedia Fiber Network, please visit the company's Web site at mmfn.com. This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as described from time to time in the SEC reports filed by Metromedia Fiber Network, including the most recently filed prospectuses and Forms S-3, 10-K, and 10-Q. ------------------------------------------------------------------------ Contact: Sandra Moreno Investor Relations, 212/606-4385