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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JeffA who wrote (24438)	4/7/1999 9:09:00 AM
From: JeffA	Respond to of 90042

ABOV to those who follow. Is the following genrally good news or bad? NETG came up with a secondary & went up 20 points. ABOV do the same? Wednesday April 7, 8:45 am Eastern Time AboveNet files for 4.0 mln shr offering SAN JOSE, Calif., April 7 (Reuters) - AboveNet Communications Inc. said on Wednesday it plans to file a registration statement relating to a proposed public offering of 4,000,000 shares of common stock. The company will also offer up to 600,000 additional common shares to cover over-allotments, if any. AboveNet said 2.7 million shares will be sold by the company and 1.3 million by certain stockholders. The net proceeds to the company from the offering are expected to be used for capital expenditures relating to the build out of its ISX facilities and increasing network capacity, potential strategic investments, working capital and general corporate purposes.

To: JeffA who wrote (24438)	4/7/1999 9:10:00 AM
From: Tim Luke	Respond to of 90042

fore prints 21 3/8.. new pick out later...do your DD if you want to take a stab at it and you should have enough time to do so.....