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To: Gordon Gekko who wrote (1564)5/10/1999 2:42:00 AM
From: steve harmon - analyst  Respond to of 4337
 
applied theory - sales are strong but more than half comes from two customers, which i take as sign of over-exposure to risk in that area if one of the clients moves on

also, applied's strategy relies much on ixc's gemini2000 network buildout which hasn't been built out

applied has elements of verio, exodus and abovenet in it and lists all of them as rivals