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 : Able Telecom (ABTE) -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (582)	3/3/1999 9:42:00 AM
From: MangoBoy	Read Replies (2) \| Respond to of 700

[MFS Network Technologies Signs with Norlight Telecommunications to Expand Fiber Optic Network in Michigan] OMAHA, Neb., March 3 /PRNewswire/ -- MFS Network Technologies (MFSNT), a subsidiary of Able Telcom Holding Corporation, today announced additional plans to develop, design, engineer and construct a fiber optic network in Michigan for Norlight Telecommunications, a comprehensive networks service provider based in Wisconsin. The additional work expands the 130 mile project, announced in October '98, to over 550 route miles at a contract value of over $17 million. The completed network will deliver high-speed digital voice, data and video communications, and will provide service to central and southern Michigan cities. MFSNT has completed design and engineering work on the network and will begin construction immediately. Second and third tier cities will soon be connected with Detroit and have access to cost-effective, protected traffic distribution. Completion of the network is scheduled for the third quarter of 1999. "Norlight strongly believes in providing our customers with world class customer service and a quality network at a competitive price. We found these same values working with MFSNT. This new construction in Michigan is very important to Norlight and we feel confident entrusting MFSNT with its timely completion," said Bob Rogers, Senior Vice President for Norlight. "We're happy Norlight is once again taking advantage of our expertise in network design and construction," said Bob Sommerfeld, Senior Vice President for MFSNT. "We are impressed with Norlight's commitment to expand their networks, increasing their market presence and enhancing customer services. We are very pleased to be a part of their continuing success," he added.

To: MangoBoy who wrote (582)	3/3/1999 3:19:00 PM
From: david james	Read Replies (1) \| Respond to of 700

Interesting that the last two contracts amount to more than the entire market cap of ABTE. Not sure if these were included in the $1.1 billion backlog, or whether they are now moving in on $1.2 billion. As far as the battle with ATS, I wonder if "someone" encouraged them to issue such a release. I can't say I can find many releases from them on any of their contracts and they appear to be having lots of problems. The $5 mill in dispute accounts for less than half of 1% of the backlog. Nonetheless, if their system doesn't work, its better to replace them than get into the delays shown with the Sun Pass system. The VPC with the Sun Pass system in Florida was to be built by ATS (not a Able contract) and they seem to be delayed by over a year due to software problems. I am not sure who ATS blaming for these delays. American Traffic Systems promises Sun Pass system by early 1998 itsonline.com Now, because of software glitches, it will not be reading until fall of 1999. ettm.com Alaska questions ATS reliability sense.bc.ca