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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (442)	6/6/2001 10:18:13 AM
From: Dave Gore	Read Replies (1) \| Respond to of 1227

FYI - (COMTEX) A: MFNX Inks Supplier Deal with Deutsche Telekom A: MFNX Inks Supplier Deal with Deutsche Telekom Boston, Jun 06, 2001 (Midnight Trader via COMTEX) -- Metromedia Fiber Network (MFNX) is up sharply this morning on 12,100 Instinet shares after announcing a deal to supply Deutsche Telekom (DT) with optical infrastructure, as well as operations, administration and maintenance services. The 20-year lease agreement will enable DT to expand its worldwide network platform connecting major cities in Europe, North America and Asia. MFNX will connect DT's backbone from New York to Washington, D.C. and throughout the regions' metro areas. DT is flat at 21 on light Instinet volume. Price: 5.40, Change: +0.75, Percent Change: +16.1% [My notes - positive money flow day. Will this news ignite shares over the next few days and weeks (maybe months?) or is this just a mo-mo play? Stock was $44 in the last year and this may help it turn the corner. Agreement of 20 years may give investors some feelings of stability in their business.]