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

To: Frank Wechsler who wrote (20)	3/20/1998 6:24:00 PM
From: Jibbles	Read Replies (1) \| Respond to of 1983

I'm not sure if any of you following Qwest (QWST), but the similarities between QWST and MFNX are incredible. Both were brought public by the same investment banks: Salomon, DLJ, and DMG. Both are backed by billionaire investors: Philip Anshutz for QWST and John Kluge for MFNX. Both are involved in building and leasing fiber, the only difference being that QWST is building a network from coast to coast while MFNX is concentrating on building a fiber web in particular cities. QWST rocketed up to $80 IPO about a year ago from its IPO open price of about $28. MFNX did the same (IPO filing $16, IPO open $24), except its IPO was in the midst of the Asian flu. After it recovered, it seems to be following the exact trading pattern of QWST and by the looks of it, MFNX has a lot more to go. There are going to be pullbacks (like today), but it's not worth trying to time when they will occur. I agree it is tough to buy stocks without any earnings, but the market potential of fiber optics is just unbelievable.