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To: Johnny Canuck who wrote (17563)	8/7/1998 1:14:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 69173

Harry, I don't see the Chinese devaluing... too much face. They want to usurp Japan in the long run and holding during these trying times is very important. Indeed I've seen reports of no question's asked loans for some hefty amounts being salted by the Chinese government as power building strategy... no devaluation is my call. Jim

To: Johnny Canuck who wrote (17563)	8/12/1998 3:50:00 PM
From: Johnny Canuck	Respond to of 69173

METROMEDIA FIBER NETWORK (MFNX) 69 3/4 +6 1/2. Metromedia Fiber is a White Plains, NY-based developer of high bandwidth fiber optic communications infrastructures. After debuting in October 1997 at $16 a share, the stock has soared 336% (setting a another 52-week high today) and has even announced a 2-for-1 stock split along the way (payable August 28). Robust earnings/revenue growth: This morning, Metromedia reported a profit for the 2nd qtr of $0.04 a share. The number blew through analysts' loss estimate of $0.13 and exceeded even the most optimistic of the 3 forecasts (-$0.11) by 15 cents. Quarterly revenues expanded at a 1380% clip, leaping from $468,000 in the yr-ago period to $7.41 mln in the latest quarter and rising 330% sequentially. (Press Release) Still Underdiscovered: Although MFNX is highly-regarded by four out of five analysts who follow the company (Strong buy=2; Buy=2; Sell=1), the stock's average daily volume of 146,000 indicates that the issue has yet to be "discovered" by institutions. Profitability on Horizon: Current analysts' mean earnings estimates forecast a loss of $0.56 in 1998 (end Dec) and red-ink of $0.06 in 1999. As recently as a month ago, Sands Brothers analyst Alan Feldman forecasted a profit of $0.30 a share for 1999, but lowered that estimate to a profit of $0.05 a share based on the fledgling company's increased infrastructure costs. Citing company's expansion of its intra-city dark fiber network infrastructure to the West Coast, the analyst upgraded MFNX from a "buy" to a "strong buy" and increased his price target from $50 to $75.