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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (171)12/28/2001 8:44:08 PM
From: Dave Gore  Respond to of 16631
 
MFNX (.43):Worth the Gamble - Deals with AOL, Sprint, Sony Pictures, Veritas, and others say "Yes" for me. But it's a gamble and I wouldn't throw too much at the stock. Do your research.

DEC 28 2001 - Morningstar report says MFNX is an "attractive gamble" (see www.multexinvestor.com).
3 pages - 12/28/2001
Morningstar $10.00

2002 Events - Presenting at Salomon Smith Barney Entertainment/Media/Telecomm Conf: Jan 10 2002 9:30AM
according to Brieifing.com

Dec 17 2001
8:05 AM In Play Metromedia Fiber (MFNX) 0.46: --Update-- @Home Benelux will use Metromedia Fiber's optical IP backbone to scale its communication network and increase bandwidth capacity by 35%.

Dec 4 2001
7:39 AM In Play Metromedia Fiber (MFNX) 0.55: Sprint (FON) announces that it has signed a multiyear contract with MFNX to lease metropolitan area fiber in major U.S. markets.

10:26 AM In Play Metromedia Fiber (MFNX) 0.73 +0.03 (+4.3%): Company to provide Knight Securities with advanced dark fiber telecommunications infrastructure and co-location services that are fully secure and redundant.

Nov 14 2001
7:35 AM In Play Metromedia Fiber (MFNX) 0.65: Company expands relationship with America Online (AOL). MFNX will provide network infrastructure and transit services to AOL in Germany and the UK.

Nov 12 2001
7:38 AM In Play Metromedia Fiber (MFNX) 0.67: Extending relationship with VERITAS Software (VRTS). Company will provide Internet infrastructure managed services within VERITAS Software's own data center environment.

Oct 30 2001
9:10 AM In Play Metromedia Fiber (MFNX) 0.70: Sony Pictures Digital Entertainment selects Metromedia as its outsourced Internet infrastructure managed service provider for the recently launched Screenblast's two-way interactive web site environment.

May not have to worry about delisting either:
3:37 PM In Play Nasdaq Delisting : CNBC and Bloomberg have been reporting that the Nasdaq is considering placing a temporary moratorium on delistings related to the minimum bid price of a company's stock (currently the Nasdaq requires that a stock's bid price not fall below $1 for 30 consecutive days). This could extend the listed life of many prominent Nasdaq cos: ATHM, EXDS, MFNX, XOXO.