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Technology Stocks : AboveNet Communications, Inc. (ABOV) -- Ignore unavailable to you. Want to Upgrade?

To: jason who wrote (147)	3/30/1999 9:03:00 PM
From: Mr. Miller	Respond to of 835

Tuesday February 23, 8:06 am Eastern Time Company Press Release SOURCE: AboveNet Communications Inc. AboveNet and AT&T Asia/Pacific Contract With Taiwan's Largest Internet Service Provider SAN JOSE, Calif., Feb. 23 /PRNewswire/ -- AboveNet Communications Inc. (Nasdaq: ABOV - news), the architect of a global one-hop network that brings together ISPs and high bandwidth content sites in a centralized co-location facility, today announced it had won a contract from AT&T to provide Internet connectivity and facility management to HiNet, one of Asia's largest Internet Service Providers (ISP). Hinet, a wholly owned subsidiary of Chung Hwa Telecom, is based in Taiwan and carries an estimated 60 percent of that country's Internet traffic. Under the three-year agreement with AT&T/Asia/Pacific, AboveNet will provide co-location, network connectivity and 24x7 facility management to Hinet. This will enable Hinet to provide the most cost effective and reliable Internet services to its customers. Access to the scalable, reliable, high- speed connectivity provided by AboveNet was one of Hinet's key requirements in selecting a solution provider. ''AboveNet's superior Internet connectivity combined with this one-hop connection from Taiwan will enable Hinet's customers to experience emerging applications such as voice over IP -- this is not currently viable because of today's highly congested Internet infrastructure,'' said Sherman Tuan, chairman and chief executive officer for AboveNet. By locating its routers within the AboveNet facility, Hinet has direct access to other Asia- Pacific and domestic ISPs co-located at AboveNet's San Jose facility. Through AboveNet's network, Hinet can access European ISPs co- located at AboveNet's East Coast facility. Hinet will also benefit from AboveNet's over 200 peering agreements, both in the U.S. and worldwide. This one-hop global network architecture will improve Hinet's connectivity and enable Internet applications requiring high bandwidth, low latency and low packet loss. ''The establishment of one-hop connectivity from Hinet validates that AboveNet's San Jose facility is rapidly being recognized as the Internet hub of Asia Pacific,'' said Jerry Chen, vice president of Asia Pacific for AboveNet. ''AboveNet and AT&T are providing Hinet with the means to ensure its customers can experience the potential of the Internet while at the same time, providing Hinet a more efficient, cost-effective way to manage its business and expand its Internet presence.'' About AboveNet Communications Inc. AboveNet Communications Inc. is a premier provider of co-location and Internet connectivity solutions for high-bandwidth and mission-critical operations. AboveNet is the architect of the Internet Service Exchange(TM) (ISX(TM)) -- a world class network that provides co-location services for ISPs and Content providers interested in developing business and strategic partnerships. The unique global One-Hop network design delivers fast, reliable connections to the Internet and improves the Internet experience for all end-users. With its Tier 1 status and ISO 9002 certification, AboveNet is positioned to serve the global community of the Internet. For more information on AboveNet and its service offerings visit the company's Web site at www.above.net.

To: jason who wrote (147)	4/3/1999 6:08:00 PM
From: flish	Respond to of 835

Jason: <OT> I'm back and very happy. I sold half my position about 2 weeks ago and then went on an Amazon cruise, completely leaving the market behind. Heard nothing until I grabbed a newspaper yesterday in Miami. I grinned the whole flight home. Wow 125! Glad I wasn't around because I'm the type who woulda took more profits on the way to 125. Anyway, glad you're still here too. And hey, we can't regret taking some profits.... we had too, I think...any ideas on the future? Good luck to all. P.S. Remember when we used to post each other "Is anybody out there..?" Well, they're here now.