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

To: Vegas who wrote (156)	3/30/1999 9:20:00 AM
From: Mr. Miller	Read Replies (2) \| Respond to of 835

As much as I love this company, I will be selling some into this gap this am. Way too far, way too fast. I like my profits. Here is the chart: tscn.com I will be looking to get back in somewhere in the $70s, if I am lucky. The news of the split is wonderful, but it may be factored in already(if someone leaked a week or so ago that they may do it). We'll see what happens over the next few days. Also, some analyst may get a bug up his butt, and decide to downgrade the stock because it has gone too far, too fast. AND, if it is anything like NSOL, then it may drop as fast as it rises after this announcement... JMHO Miller

To: Vegas who wrote (156)	3/30/1999 9:00:00 PM
From: Mr. Miller	Respond to of 835

Friday February 5, 8:31 am Eastern Time Company Press Release SOURCE: AboveNet Communications, Inc. Leading Asia-Pacific ISPS Choose AboveNet as the Meeting Point With U.S. and Other Asia-Pacific ISPS SAN JOSE, Calif., Feb. 5 /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 for commerce and partnership, today announced that three major providers of online content to the Asia-Pacific Rim (APR), Knight Ridder New Media, AUNET and VICNET, have chosen AboveNet for co-location services at its San Jose Internet Service Exchange. By utilizing AboveNet's superior co-location and connectivity solutions, the companies have access to premium peering and improved, direct connections with other U.S. and Asian Internet Service Providers (ISPs). The APR ISPs also will realize substantial cost savings while providing their customers with the best-possible Internet experience. Today's announcement brings AboveNet's APR client base to fifteen. The company won the business of numerous major APR ISPs in the final quarter of 1998, including East Telecom and SRS International in China and HKNet in Hong Kong. AboveNet rapidly is becoming the preferred provider for APR ISPs and content providers seeking to establish connectivity and presence in the U.S. Internet market. Selecting AboveNet enables APR ISPs to utilize AboveNet's extensive peering arrangements, which allows international ISPs and content providers direct access to leading U.S. ISPs. The result is faster connections and a better end-user experience. Knight Ridder New Media, a leader in interactive information, maintains more than 40 Web sites in its Real Cities network (http://www.realcities.com). Knight Ridder New Media is the interactive arm of Knight Ridder, the U.S.' second-largest newspaper publisher. Real Cities continues to be one of the leading city networks on the Web today. Knight Ridder New Media has managed Web servers for Japan's leading daily newspaper, the Asahi Shimbun, since 1995. The company will locate U.S. Web servers for the asahi.com online news service at AboveNet's West Coast facility. Knight Ridder New Media chose AboveNet's co-location service because of its high-capacity connectivity to the Pacific Rim. AUNET Corporation, one of Asia's largest corporate-focused ISPs, has also located its hub and servers at AboveNet's West Coast facility. AUNET carries a large portion of Asia's corporate Internet traffic and required direct access to scalable and reliable bandwidth for carrying voice-over-IP (VoIP) transmissions and other value added Internet applications. The company chose AboveNet because of its average 0-5% packet loss, which will enable telephony over the Internet without the delays that plague the acceptance of VoIP applications today. AUNET also will benefit from AboveNet's guaranteed uptime and its sophisticated management tools that allow companies to monitor existing bandwidth use and plan for future bandwidth needs. VICNET, a leading Australian ISP, chose AboveNet for its superior co- location services and reliable bandwidth. As part of VICNET's infrastructure program, AboveNet will become the primary U.S. Internet access point to support the expansion of Internet access to rural areas in Victoria. AboveNet's services immediately will give VICNET customers increased Internet connectivity and performance, and will help VICNET accomplish its mission of making Internet access possible throughout Australia. About AboveNet Communications Inc. AboveNet Communications, Inc. is a premier provider of co-location and Internet connectivity solutions for high bandwidth and mission-critical applications. AboveNet is the architect of the Internet Service Exchange (ISX) -- a superior network that provides co-location services for ISPs and Content providers interested in commerce and partnership. The unique one hop network design delivers the fastest, most 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 above.net.