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

To: BigAppleBoy who wrote (166)	3/30/1999 7:01:00 PM
From: Colin Cody	Respond to of 835

Son, did you ever even HEAR of this Company before last week? You don't know jack about this stock. WHAT pump and dump outfits have manipulated this stock today? Don't bother responding - you haven't a clue.

To: BigAppleBoy who wrote (166)	3/30/1999 8:55:00 PM
From: Mr. Miller	Respond to of 835

Have you seen Metromedia's chart? Thursday January 7, 11:20 am Eastern Time Company Press Release Metromedia Fiber Network Announces Internet Contracts Totaling More than $50 Million Signs Separate Agreements for Dark Fiber Infrastructure with PSINet and AboveNet NEW YORK--(BUSINESS WIRE)--Jan. 7, 1999-- Capitalizing on the strong demand for dark fiber among Internet providers, Metromedia Fiber Network, Inc. (NASDAQ:MFNX - news) today announced separate agreements with PSINet, Inc. (NASDAQ:PSIX - news) of Herndon, Virginia and AboveNet Communications, Inc. (NASDAQ:ABOV - news) of San Jose, California totaling more than $50 million. Each agreement carries a 20-year term in which Metromedia Fiber Network will provide strands of fiber on its East and West Coast networks, which are currently under construction, and co-location space enabling both PSINet and AboveNet to access key Tier One markets quickly and cost-effectively. PSINet will become the first Internet Service Provider (ISP) to take advantage of Metromedia Fiber Network's West Coast infrastructure thereby continuing its strong growth and expanding its existing network facilities in major markets. When completed, the dark fiber network will encompass the San Francisco Bay Area, extending south to the Silicon Valley, San Jose and Santa Clara and east to Hayward. Metromedia Fiber Network's infrastructure will encircle key financial and technology centers enabling PSINet to satisfy the increased demand for Internet data services within the region. In addition to accommodating growth at current PSINet service locations, the dark fiber capacity will also link U.S. termination points for portions of PSINet's Asia/Pacific data transport facilities. According to terms of the company's agreement with AboveNet, Metromedia Fiber Network will provide AboveNet with building-to-building dark fiber connectivity over its long-haul inter-city network and a metropolitan area network on the East Coast. This relationship will provide AboveNet with high bandwidth connections for their East Coast campus further enabling AboveNet to offer premium co-location and Internet connectivity solutions to their East Coast customers and expand their gateway to Europe. ''The explosive growth in the Internet continues to transform the information age and drive demand for more and more bandwidth among ISPs and Internet connectivity companies,'' said Howard Finkelstein, president of Metromedia Fiber Network. ''Metromedia Fiber Network's dark fiber solution offers the flexibility, security and reliability that enables Internet providers like PSINet and AboveNet to provide customers with seamless, high-speed, congestion-free pipelines to the information superhighway.'' About Metromedia Fiber Network Metromedia Fiber Network is building fiber optic infrastructure in the local loop in strategic Tier One markets, enabling technologically sophisticated organizations to implement the latest data, video, internet and multimedia applications. By offering virtually unlimited, unmetered bandwidth at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth scarcity barrier and redefining the way broadband capacity is sold. Utilizing Metromedia Fiber Network's infrastructure, customers are able to rapidly deploy state-of-the-art optical networks. Communications carriers and Internet Service Providers gain local loop connectivity in the most highly populated metropolitan areas. Corporate and government customers benefit from private building-to-building networks featuring the fastest transmission speeds available and the highest levels of reliability and security. Through International Optical (ION), Metromedia Fiber Network's joint venture with Racal Telecom of the United Kingdom, the company provides customers with international bandwidth capacity. For more information about Metromedia Fiber Network, please visit the company's Web site at mmfn.com.