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

To: Mr. Miller who wrote (157)	3/30/1999 9:32:00 AM
From: Frank P. Pearson	Read Replies (1) \| Respond to of 835

I'm afraid that you will be left behind with that strategy. People have said that about all great stocks at one time or another. Look at AOL. They split less than a month ago and look where they are now. Their target was just lifted to over 200. ABOV is swallowing up contracts left and right, foreign and domestic, esp. the lucative foreign markets. They are a winner and I expect, and yes of course certainly hope, that the stock moves much higher. Good luck.

To: Mr. Miller who wrote (157)	3/30/1999 9:15:00 PM
From: Mr. Miller	Respond to of 835

AboveNet inks deal with Austrian firm Net service exchange to speed up online traffic By Cecily Fraser, CBS MarketWatch Last Update: 5:03 PM ET Mar 22, 1999 See: NewsWatch SAN JOSE, Calif. (CBS.MW) -- Shares of AboveNet Communications jumped 25 percent Monday after the provider of Internet connectivity services said it inked a deal with Raiffeisen Rechenzentrum to build a regional Internet Service Exchange in Vienna. Shares of AboveNet (ABOV) vaulted 14 11/16 to 74 7/16. See related story. AboveNet said the relationship with RRZ will provide a "strong base" to leverage expansion into Eastern Europe, with the Austrian Internet service exchange (ISX) providing the infrastructure designed to handle the growing online traffic in Europe. The San Jose, Calif-based company said it will furnish the network architecture model, network intelligence and software technology. RRZ, a subsidiary of the Raiffeisen Group, will provide the network hardware and management services for the ISX, and it will market the ISX to Internet content and connectivity providers in Austria, under the deal's terms. AboveNet said the deal marks the first strategic joint venture in its European expansion strategy and is the first step to serve the German-speaking countries, whose combined populations total nearly 100 million people. "Our objective in extending our ISX model around the world is to provide a global solution to the problem of poor Internet performance and congestion," said Warren Kaplan, chief operating officer of AboveNet, in a press release.