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

To: Mr. Miller who wrote (216)	3/31/1999 8:16:00 PM
From: stock leader	Respond to of 835

Looks like shorts are continuing to get the crap squeezed out of 'em....amazing

To: Mr. Miller who wrote (216)	3/31/1999 8:17:00 PM
From: Tom Hua	Read Replies (3) \| Respond to of 835

Mr. Miller, the valuation in this stock is totally ridiculous. It's basically an outsourcing service company, hosting web sites for small businesses. The company had 382 customers last Q, which generated revenue of $2.65 MM. This works out to be $6,950/customer per quarter (really small businesses!), or $27,800/(customer-yr). At today's closing price, the company is valued at $4,630,000/customer. I know of no business or company that has a customer value remotely approaching that of ABOV. Regards, Tom