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

To: Bill Hanna who wrote (231)	3/31/1999 10:59:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 835

Will the growth rate exceed 400 percent this quarter for ABOV ? Bill, 400% compared to what? When the company had practically no or little revenue the year before, percentage sounds great. You should not be fooled by all these meaningless percentages. Look at most recent quarters to make a projection into the next few quarters. Keep in mind that this company is just getting off the ground, growth rate may sound impressive until you look at the absolute dollars and cents and market cap. As I pointed out in an earlier post, ABOV had ttm revenue of $6.8 MM vs. $121 MM for VRIO, its direct competitor. Yet ABOV commands a higher market cap! Its largest customer, in terms of revenue, is a company by the name of RemarQ, ever heard of them? The other 300+ customers are mom and pop small busines entities. Regards, Tom