Metromedia: Analyst erwartet Kursexplosion - 500 Beiträge pro Seite
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Der Analyst Vik Grover von Kaufman Bros. geht davon aus, dass die Aktie des Betreibers von Glasfasernetzwerken
Metromedia Fiber Network um rund 300% zulegen wird. Grover erneuert sein „strong buy“-Rating mit einem Kursziel von 14$.
Trotz der Empfehlung verliert die Aktie von Metromedia bei allgemein schwächeren Kursen um 8% auf 5,18$.
www.europeaninvestor.com / 23.05.2001
Metromedia Fiber Network Achieves ISO 9001 Global, Multi-site Certification; Entire MFN Global Enterprise Approved Under Single Registration
Business Editors/High-Tech Writers
NEW YORK--(BUSINESS WIRE)--May 23, 2001--Dedicated to delivering superior business processes that support and serve its customers worldwide, Metromedia Fiber Network, Inc. (MFN) (MFNX) has achieved ISO 9001 Global, Multi-site Certification from Lloyd`s Register Quality Assurance (LRQA), the internationally-recognized authority for the provision of management systems certification. As a result, MFN is the first provider of end-to-end optical network and Internet infrastructure solutions to have multiple business units and sites certified under one global, multi-site registration.
ISO 9001 is the international standard for assessing quality systems to ensure process consistency and predictability. MFN`s certificate acknowledges the organization as a leading supplier of optical networks and IP services, including optical networking and Internet infrastructure solutions as well as co-location, Internet connectivity and neutral Internet exchange facilities.
Approved by LRQA, the ISO 9001 certification has also been accredited by the Registrar Accreditation Board (RAB), the leading accreditation body in the United States, and the United Kingdom Accreditation Service (UKAS), the sole national accreditation body in the United Kingdom, which is also recognized across Europe. Endorsed by all three distinguished organizations, MFN`s ISO 9001 certification covers sites in the United States and Europe.
"LRQA awarded MFN this ISO 9001 certification to recognize the company`s ambitious business model and dedication to quality," said Atul Puri, president of LRQA in Houston. "Because quality initiative support is a top priority throughout MFN`s key business units, we are confident the company will consistently meet customer needs and the regulatory requirements necessary for retaining this exemplary status."
"MFN is the world leader in deployment of optical IP infrastructure, and must sustain a level of quality that satisfies our customers` expectations," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network. "We are strongly committed to developing global policies and aligning our organization to standardize and improve our business processes, and we are proud to have attained this prestigious status."
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s Web site at www.paix.net. For more information about SiteSmith, visit the company`s Web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the company`s Web site at www.mmfn.com.
This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This also includes such factors as are described from time to time in the SEC reports filed by Metromedia Fiber Network, including the most recently filed Forms S-3 and 10-K, and its quarterly report on Form 10-Q for the quarter ended March 31, 2001, which is expected to be filed shortly.
Metromedia Fiber Network Achieves ISO 9001 Global, Multi-site Certification; Entire MFN Global Enterprise Approved Under Single Registration
Business Editors/High-Tech Writers
NEW YORK--(BUSINESS WIRE)--May 23, 2001--Dedicated to delivering superior business processes that support and serve its customers worldwide, Metromedia Fiber Network, Inc. (MFN) (MFNX) has achieved ISO 9001 Global, Multi-site Certification from Lloyd`s Register Quality Assurance (LRQA), the internationally-recognized authority for the provision of management systems certification. As a result, MFN is the first provider of end-to-end optical network and Internet infrastructure solutions to have multiple business units and sites certified under one global, multi-site registration.
ISO 9001 is the international standard for assessing quality systems to ensure process consistency and predictability. MFN`s certificate acknowledges the organization as a leading supplier of optical networks and IP services, including optical networking and Internet infrastructure solutions as well as co-location, Internet connectivity and neutral Internet exchange facilities.
Approved by LRQA, the ISO 9001 certification has also been accredited by the Registrar Accreditation Board (RAB), the leading accreditation body in the United States, and the United Kingdom Accreditation Service (UKAS), the sole national accreditation body in the United Kingdom, which is also recognized across Europe. Endorsed by all three distinguished organizations, MFN`s ISO 9001 certification covers sites in the United States and Europe.
"LRQA awarded MFN this ISO 9001 certification to recognize the company`s ambitious business model and dedication to quality," said Atul Puri, president of LRQA in Houston. "Because quality initiative support is a top priority throughout MFN`s key business units, we are confident the company will consistently meet customer needs and the regulatory requirements necessary for retaining this exemplary status."
"MFN is the world leader in deployment of optical IP infrastructure, and must sustain a level of quality that satisfies our customers` expectations," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network. "We are strongly committed to developing global policies and aligning our organization to standardize and improve our business processes, and we are proud to have attained this prestigious status."
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s Web site at www.paix.net. For more information about SiteSmith, visit the company`s Web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the company`s Web site at www.mmfn.com.
This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This also includes such factors as are described from time to time in the SEC reports filed by Metromedia Fiber Network, including the most recently filed Forms S-3 and 10-K, and its quarterly report on Form 10-Q for the quarter ended March 31, 2001, which is expected to be filed shortly.
BusinessWire, 05/23/2001 08:16
IntelliSpace Surpasses 2,000,000 Business Users
NEW YORK--(BUSINESS WIRE)--May 23, 2001--
Big Business Bets on IntelliSpace; Leading Provider of
Business Broadband Secures Access to Over 2,000,000
Business Users Around the Globe
IntelliSpace, the world`s first Ethernet IP broadband services provider, today announced that with the signing of several new real estate contracts including: Step Stone Real Estate, Southwest Value Partners and Land Securities it has secured access to over two million business users.
"The number of new agreements added to our roster represents the continuing strength of our better breed of broadband offering," said Jeff Allen, CEO and President of IntelliSpace. "There is no other company in the market that has our history or the experience in developing broadband applications. In a way, it could be said that IntelliSpace`s wiring of 55 Broad Street was the catalyst behind Silicon Alley and the broadband revolution."
IntelliSpace has wired numerous office buildings in the United States and abroad--well-known properties include Rockefeller Center and Lincoln Center in New York, the Chicago Board of Options Exchange (One Financial Plaza) in Chicago, as well as many other prominent landmark buildings. In the U.K., IntelliSpace was selected by London`s number one property management company Land Securities to supply ultra-high-speed broadband and data related services to their portfolio of over 350 buildings.
To date, IntelliSpace has connected more than tens of thousands of business users around the world to the Web, including those from Avon, CitiGroup, Ernst & Young, Channel 13, Silver Cup Studios and Tommy Hilfiger. IntelliSpace operates in 15 metropolitan regions throughout the United States and Europe.
"When Ernst & Young needed to increase our bandwidth consumption, we turned to several of the recognized major carriers who advised that this upgrade would take up to a month. IntelliSpace was able to provide exactly what I wanted within days," said Seth Kalpern, network engineer at Ernst & Young in New York. "IntelliSpace allows us to determine how much bandwidth we need and when."
Recently in an oversubscribed Series B round, IntelliSpace raised $65 million in financing, which provides for a fully funded business plan with an additional cash buffer. In total, the company has received over $110 million in funding.
"IntelliSpace has proven they are in the ideal position to capitalize on the existing market opportunity," said Kevin Hayes, a partner with Weston Presidio. "The company`s leading-edge technology, low cost infrastructure, and larger addressable marketplace coupled with its established customer base and strong revenue stream are the key elements of their success."
In providing broadband connectivity, many companies rely solely on fiber--which greatly limits their potential client base. According to a recent analysis on fiber deployment by McKinsey and JPMorgan Securities, only 5% of the one million large buildings in the US will ever have access to fiber. The IntelliSpace system uniquely leverages both fiber and circuits which provides access to a virtually unlimited customer base.
"Using both fiber and circuits to provide high-speed Internet access, IntelliSpace is satisfying the growing appetite for business-class broadband," said Camille Mendler, director of the Convergent Communications service at the Yankee Group Europe in London. "Businesses in US metropolitan areas are the current beneficiaries, but Intellispace`s strategy will also find a receptive audience in Europe."
About IntelliSpace
Started in 1995 as one of the catalysts behind Silicon Alley, IntelliSpace is the world`s first Ethernet IP broadband services provider. Through its 10 Gigabit Ethernet network, IntelliSpace provides the fastest connection to the Internet in the world - 6,500 times faster than a T-1 connection. IntelliSpace delivers ultra-high-speed Internet connectivity to more than 2,000,000 business users at a substantial savings versus traditional data communication services.
IntelliSpace`s innovative bandwidth-on-demand solution, e-Valve(TM), allows business customers to instantly upgrade their bandwidth via circuits or fiber-based Metropolitan Area Networks. With the help of its strategic partners and allies: Aprisma, Cable & Wireless (NYSE:CWZ), Cabletron Systems (NASD: CS), Critical Path (NYSE:PATH), Extreme Networks (NASD: EXTR), FiberNet (NASD: FTGX), Global Crossing (NYSE:GX), Juniper Networks (NASD: JNPR), Level 3 (NASD: LVLT), Metromedia Fiber Networks (NASD: MFNX), Riverstone Networks (NASD: RSTN), and NetScreen, IntelliSpace has access to over 2,000,000 business users around the world.
IntelliSpace operates in the United States and Europe: Atlanta, Boston, Chicago, Connecticut, Long Island, Los Angeles, Northern and Southern New Jersey, New York, Orange County, Philadelphia, San Diego and Westchester, as well as London. For more information on IntelliSpace, visit www.intellispace.net.
Most recently, IntelliSpace was profiled on "Business Now" which airs nationally in select markets on ABC; recognized as a "Fast Company" by Fast Company Magazine; named to the "Upside 100" by Upside Magazine; and selected by Ernst & Young to be profiled on its Entrepreneurial Business Information Series which celebrates the successes of leading entrepreneurial companies.
IntelliSpace and e-Valve are trademarks of IntelliSpace. All other registered trademarks and company names belong to their respective holders.
IntelliSpace Surpasses 2,000,000 Business Users
NEW YORK--(BUSINESS WIRE)--May 23, 2001--
Big Business Bets on IntelliSpace; Leading Provider of
Business Broadband Secures Access to Over 2,000,000
Business Users Around the Globe
IntelliSpace, the world`s first Ethernet IP broadband services provider, today announced that with the signing of several new real estate contracts including: Step Stone Real Estate, Southwest Value Partners and Land Securities it has secured access to over two million business users.
"The number of new agreements added to our roster represents the continuing strength of our better breed of broadband offering," said Jeff Allen, CEO and President of IntelliSpace. "There is no other company in the market that has our history or the experience in developing broadband applications. In a way, it could be said that IntelliSpace`s wiring of 55 Broad Street was the catalyst behind Silicon Alley and the broadband revolution."
IntelliSpace has wired numerous office buildings in the United States and abroad--well-known properties include Rockefeller Center and Lincoln Center in New York, the Chicago Board of Options Exchange (One Financial Plaza) in Chicago, as well as many other prominent landmark buildings. In the U.K., IntelliSpace was selected by London`s number one property management company Land Securities to supply ultra-high-speed broadband and data related services to their portfolio of over 350 buildings.
To date, IntelliSpace has connected more than tens of thousands of business users around the world to the Web, including those from Avon, CitiGroup, Ernst & Young, Channel 13, Silver Cup Studios and Tommy Hilfiger. IntelliSpace operates in 15 metropolitan regions throughout the United States and Europe.
"When Ernst & Young needed to increase our bandwidth consumption, we turned to several of the recognized major carriers who advised that this upgrade would take up to a month. IntelliSpace was able to provide exactly what I wanted within days," said Seth Kalpern, network engineer at Ernst & Young in New York. "IntelliSpace allows us to determine how much bandwidth we need and when."
Recently in an oversubscribed Series B round, IntelliSpace raised $65 million in financing, which provides for a fully funded business plan with an additional cash buffer. In total, the company has received over $110 million in funding.
"IntelliSpace has proven they are in the ideal position to capitalize on the existing market opportunity," said Kevin Hayes, a partner with Weston Presidio. "The company`s leading-edge technology, low cost infrastructure, and larger addressable marketplace coupled with its established customer base and strong revenue stream are the key elements of their success."
In providing broadband connectivity, many companies rely solely on fiber--which greatly limits their potential client base. According to a recent analysis on fiber deployment by McKinsey and JPMorgan Securities, only 5% of the one million large buildings in the US will ever have access to fiber. The IntelliSpace system uniquely leverages both fiber and circuits which provides access to a virtually unlimited customer base.
"Using both fiber and circuits to provide high-speed Internet access, IntelliSpace is satisfying the growing appetite for business-class broadband," said Camille Mendler, director of the Convergent Communications service at the Yankee Group Europe in London. "Businesses in US metropolitan areas are the current beneficiaries, but Intellispace`s strategy will also find a receptive audience in Europe."
About IntelliSpace
Started in 1995 as one of the catalysts behind Silicon Alley, IntelliSpace is the world`s first Ethernet IP broadband services provider. Through its 10 Gigabit Ethernet network, IntelliSpace provides the fastest connection to the Internet in the world - 6,500 times faster than a T-1 connection. IntelliSpace delivers ultra-high-speed Internet connectivity to more than 2,000,000 business users at a substantial savings versus traditional data communication services.
IntelliSpace`s innovative bandwidth-on-demand solution, e-Valve(TM), allows business customers to instantly upgrade their bandwidth via circuits or fiber-based Metropolitan Area Networks. With the help of its strategic partners and allies: Aprisma, Cable & Wireless (NYSE:CWZ), Cabletron Systems (NASD: CS), Critical Path (NYSE:PATH), Extreme Networks (NASD: EXTR), FiberNet (NASD: FTGX), Global Crossing (NYSE:GX), Juniper Networks (NASD: JNPR), Level 3 (NASD: LVLT), Metromedia Fiber Networks (NASD: MFNX), Riverstone Networks (NASD: RSTN), and NetScreen, IntelliSpace has access to over 2,000,000 business users around the world.
IntelliSpace operates in the United States and Europe: Atlanta, Boston, Chicago, Connecticut, Long Island, Los Angeles, Northern and Southern New Jersey, New York, Orange County, Philadelphia, San Diego and Westchester, as well as London. For more information on IntelliSpace, visit www.intellispace.net.
Most recently, IntelliSpace was profiled on "Business Now" which airs nationally in select markets on ABC; recognized as a "Fast Company" by Fast Company Magazine; named to the "Upside 100" by Upside Magazine; and selected by Ernst & Young to be profiled on its Entrepreneurial Business Information Series which celebrates the successes of leading entrepreneurial companies.
IntelliSpace and e-Valve are trademarks of IntelliSpace. All other registered trademarks and company names belong to their respective holders.
www.europeaninvestor.com / 29.05.2001
(GIGM) Metromedia Fiber Network Provides Internet Services to Taiwan`s GigaMedia; MFN Continues to be a Leading Solution Provider for Asia Pacific Internet Companies
Business Editors & High Tech Writers
SAN JOSE, Calif.--(BUSINESS WIRE)--May 29, 2001--GigaMedia Limited (GigaMedia) (GIGM), one of Taiwan`s leading multi-technology providers of broadband Internet access services and broadband content for Chinese markets, has contracted with Metromedia Fiber Network, Inc. (MFN) (MFNX) for co-location and high-capacity Internet connectivity services.
MFN is the leader in deployment of optical IP Internet infrastructure within key metropolitan areas internationally, and provider of world-class data centers and Internet connectivity through its AboveNet Communications subsidiary.
By selecting MFN, GigaMedia will establish its point-of-presence in San Jose, California and benefit from MFN`s reliable and scalable network and extensive peering relationships with U.S. and international ISPs and content providers. Additionally, MFN`s customer-focused, "best exit" routing practices offer one of the highest-quality user experiences of any Internet backbone network.
"We selected MFN because of its long history in serving major carriers and ISPs in the Asia Pacific region, and its great network connectivity quality," said Raymond Chang, chief executive officer of GigaMedia. "Our cable and ADSL platforms give us the ability to deliver superior broadband connections island-wide. We provide rich, Chinese-language multimedia content, services and community features through our portal site http://www.gigigaga.com to nearly 500,000 members and we are dedicated to ensuring high-quality connectivity. Through MFN`s well-connected and high-speed Internet network, we are confident we will deliver a superior Internet experience to our customers while significantly reducing costs, which is consistent with our strong focus on cost rationalization."
"We are enthusiastic about providing high-quality Internet access to GigaMedia," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network. "Our global network continues to be the leading choice for carriers and Internet service providers in the Asia Pacific region. Through this relationship with GigaMedia, MFN will indirectly provide high-quality Internet services to the fast-growing broadband Internet access market in Taiwan."
Business Growth in Asia Pacific for MFN
GigaMedia joins a growing number of companies based in the Asia Pacific region that are selecting MFN for global optical IP infrastructure and co-location services. MFN`s subsidiary AboveNet Japan has a co-location facility in Tokyo that serves Japanese and global content providers, enterprise customers, and service providers. In addition to AboveNet Japan, further expansion in Asia is underway. MFN is a member of the Asia/Pacific Cable Network 2 (APCN2) consortium. The APCN2 submarine cable system will link Japan, South Korea, China, Taiwan, Hong Kong, the Philippines, Malaysia, and Singapore. MFN also owns significant capacity on the upcoming Japan-US Cable Network. Combining these resources, MFN provides required Internet bandwidth to serve the fast-growing Asian Internet market.
About GigaMedia
The first broadband ISP in Taiwan, GigaMedia is today one of Taiwan`s leading providers of broadband Internet access services and broadband content for Chinese markets. The company`s access products consist of premium cable modem and ADSL offerings, giving the company the ability to deliver superior broadband connections island-wide. GigaMedia`s cable modem is a world-class platform developed in conjunction with Microsoft, and is capable of delivering broadband Internet access speeds of up to 100 times faster than traditional dial-up services. The company`s premium ADSL is likewise distinguished in the market by its high performance characteristics and value-added features. With 29 cable system partners, the company`s core cable modem business has access to more than 3.8 million Taiwan households, as well as 576,000 small and medium businesses. In addition, the company offers 12 interactive Chinese-language multimedia Web sites through its Web destination http://www.gigigaga.com. Strategic investors of GigaMedia include Microsoft, the world`s leading software provider, and the Koos Group, a major player in Taiwan`s manufacturing, finance, telecommunications, media, and cable industries. More information on GigaMedia can be obtained from http://ir.giga.net.tw.
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s web site at www.paix.net. For more information about SiteSmith, visit the company`s web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the company`s Web site at www.mmfn.com.
AboveNet, Internet Service Exchange, and ISX are trademarks of AboveNet Communications, Inc. All other company or brand names may be trademarks of the respective companies with which they are associated.
This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This also includes such factors as described from time to time in the SEC filings by Metromedia Fiber Network, including the most recently filed Forms S-3, 10-K and 10-Q.
(GIGM) Metromedia Fiber Network Provides Internet Services to Taiwan`s GigaMedia; MFN Continues to be a Leading Solution Provider for Asia Pacific Internet Companies
Business Editors & High Tech Writers
SAN JOSE, Calif.--(BUSINESS WIRE)--May 29, 2001--GigaMedia Limited (GigaMedia) (GIGM), one of Taiwan`s leading multi-technology providers of broadband Internet access services and broadband content for Chinese markets, has contracted with Metromedia Fiber Network, Inc. (MFN) (MFNX) for co-location and high-capacity Internet connectivity services.
MFN is the leader in deployment of optical IP Internet infrastructure within key metropolitan areas internationally, and provider of world-class data centers and Internet connectivity through its AboveNet Communications subsidiary.
By selecting MFN, GigaMedia will establish its point-of-presence in San Jose, California and benefit from MFN`s reliable and scalable network and extensive peering relationships with U.S. and international ISPs and content providers. Additionally, MFN`s customer-focused, "best exit" routing practices offer one of the highest-quality user experiences of any Internet backbone network.
"We selected MFN because of its long history in serving major carriers and ISPs in the Asia Pacific region, and its great network connectivity quality," said Raymond Chang, chief executive officer of GigaMedia. "Our cable and ADSL platforms give us the ability to deliver superior broadband connections island-wide. We provide rich, Chinese-language multimedia content, services and community features through our portal site http://www.gigigaga.com to nearly 500,000 members and we are dedicated to ensuring high-quality connectivity. Through MFN`s well-connected and high-speed Internet network, we are confident we will deliver a superior Internet experience to our customers while significantly reducing costs, which is consistent with our strong focus on cost rationalization."
"We are enthusiastic about providing high-quality Internet access to GigaMedia," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network. "Our global network continues to be the leading choice for carriers and Internet service providers in the Asia Pacific region. Through this relationship with GigaMedia, MFN will indirectly provide high-quality Internet services to the fast-growing broadband Internet access market in Taiwan."
Business Growth in Asia Pacific for MFN
GigaMedia joins a growing number of companies based in the Asia Pacific region that are selecting MFN for global optical IP infrastructure and co-location services. MFN`s subsidiary AboveNet Japan has a co-location facility in Tokyo that serves Japanese and global content providers, enterprise customers, and service providers. In addition to AboveNet Japan, further expansion in Asia is underway. MFN is a member of the Asia/Pacific Cable Network 2 (APCN2) consortium. The APCN2 submarine cable system will link Japan, South Korea, China, Taiwan, Hong Kong, the Philippines, Malaysia, and Singapore. MFN also owns significant capacity on the upcoming Japan-US Cable Network. Combining these resources, MFN provides required Internet bandwidth to serve the fast-growing Asian Internet market.
About GigaMedia
The first broadband ISP in Taiwan, GigaMedia is today one of Taiwan`s leading providers of broadband Internet access services and broadband content for Chinese markets. The company`s access products consist of premium cable modem and ADSL offerings, giving the company the ability to deliver superior broadband connections island-wide. GigaMedia`s cable modem is a world-class platform developed in conjunction with Microsoft, and is capable of delivering broadband Internet access speeds of up to 100 times faster than traditional dial-up services. The company`s premium ADSL is likewise distinguished in the market by its high performance characteristics and value-added features. With 29 cable system partners, the company`s core cable modem business has access to more than 3.8 million Taiwan households, as well as 576,000 small and medium businesses. In addition, the company offers 12 interactive Chinese-language multimedia Web sites through its Web destination http://www.gigigaga.com. Strategic investors of GigaMedia include Microsoft, the world`s leading software provider, and the Koos Group, a major player in Taiwan`s manufacturing, finance, telecommunications, media, and cable industries. More information on GigaMedia can be obtained from http://ir.giga.net.tw.
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s web site at www.paix.net. For more information about SiteSmith, visit the company`s web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the company`s Web site at www.mmfn.com.
AboveNet, Internet Service Exchange, and ISX are trademarks of AboveNet Communications, Inc. All other company or brand names may be trademarks of the respective companies with which they are associated.
This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This also includes such factors as described from time to time in the SEC filings by Metromedia Fiber Network, including the most recently filed Forms S-3, 10-K and 10-Q.
Bitte schreibt dochmal was auf deutsch.
Bin intressiert an Metromedia-News.
Danke.
Bin intressiert an Metromedia-News.
Danke.
O.K. Hier ist die letzte Meldung auf Deutsch:
White Plains (vwd) - Die Metromedia Fiber Network Inc, White Plains, hat von der GigaMedia Ltd einen Auftrag zur Lieferung von Glasfasertechnologie für Hochgeschwindigkeitszugänge zum Internet erhalten. Wie Metromedia am Dienstag mitteilte, erhält das an der Nasdaq notierte Unternehmen damit Zugang zum schnell wachsenden taiwanesischen Markt. GigaMedia versorgt den Angaben zufolge rund 500.000 Abonnenten über die Website www.gigigaga.com mit Inhalten und Dienstleistungen in chinesischer Sprache. Angaben über das Auftragsvolumen oder den Wert wurden nicht gemacht.
+++ Andreas Plecko
vwd/29.5.2001/apo
29. Mai 2001, 15:38
White Plains (vwd) - Die Metromedia Fiber Network Inc, White Plains, hat von der GigaMedia Ltd einen Auftrag zur Lieferung von Glasfasertechnologie für Hochgeschwindigkeitszugänge zum Internet erhalten. Wie Metromedia am Dienstag mitteilte, erhält das an der Nasdaq notierte Unternehmen damit Zugang zum schnell wachsenden taiwanesischen Markt. GigaMedia versorgt den Angaben zufolge rund 500.000 Abonnenten über die Website www.gigigaga.com mit Inhalten und Dienstleistungen in chinesischer Sprache. Angaben über das Auftragsvolumen oder den Wert wurden nicht gemacht.
+++ Andreas Plecko
vwd/29.5.2001/apo
29. Mai 2001, 15:38
@IzKo
Danke für Deine Antwort,aber warum fällt Metromedia ????
Danke für Deine Antwort,aber warum fällt Metromedia ????
es liegt warscheinlich an untigem bericht, aber wer riskiert schon die kohle dafür?
mfg gw
Metromedia Fiber Network Report Now Available From Tier 1
MINNEAPOLIS--(BUSINESS WIRE)--May 30, 2001--
Tier 1 Research`s Latest Report Reviews the Combination of Assets
At MFN to Aid Customers in Their Evaluation of Application
Infrastructure Service Providers
Tier 1 Research, the "sector information exchange" for the Internet Infrastructure Services industry, announced today the immediate availability of a new report analyzing Metromedia Fiber Network (Nasdaq:MFNX), a global provider of optical IP infrastructure services.
The report, authored by Andrew Schroepfer, examines MFN from a customer perspective, following its acquisition of AboveNet, SiteSmith and PAIX. It discusses MFN`s "flexible integration" business model, which integrates the assets of the acquired companies to deliver a full service solution to its customers.
The 13-page report is available for purchase by enterprise customers for $300 and by service providers for $500. Several other reports are available from Tier 1 Research and information can be found at http://www.tier1research.com. Tier 1 Research is also available to work with customers to assist in determining appropriate service providers for their Internet applications.
mfg gw
Metromedia Fiber Network Report Now Available From Tier 1
MINNEAPOLIS--(BUSINESS WIRE)--May 30, 2001--
Tier 1 Research`s Latest Report Reviews the Combination of Assets
At MFN to Aid Customers in Their Evaluation of Application
Infrastructure Service Providers
Tier 1 Research, the "sector information exchange" for the Internet Infrastructure Services industry, announced today the immediate availability of a new report analyzing Metromedia Fiber Network (Nasdaq:MFNX), a global provider of optical IP infrastructure services.
The report, authored by Andrew Schroepfer, examines MFN from a customer perspective, following its acquisition of AboveNet, SiteSmith and PAIX. It discusses MFN`s "flexible integration" business model, which integrates the assets of the acquired companies to deliver a full service solution to its customers.
The 13-page report is available for purchase by enterprise customers for $300 and by service providers for $500. Several other reports are available from Tier 1 Research and information can be found at http://www.tier1research.com. Tier 1 Research is also available to work with customers to assist in determining appropriate service providers for their Internet applications.
Warum der Kurs fällt ? Kann ich auch nicht sagen, nur vermuten, da ich erst seit kurzem im Aktiengeschäft bin. Vielleicht weil der ganze Netzwerkmarkt momentan stagniert. An der Firma selbst kanns meiner Meinung nicht liegen. Seit ich Metromedia beobachte, finde ich eigentlich nur positive News. Und das in Zukunft das Internet schneller und weiter ausgebaut wird, eben mittels Glasfaser, glaub ich auch. Also absolut vertrauenserweckend. Außer jemand weiß wiedermal mehr als ich ...
Aber man muß fallende Kurse auch von der positiven Seite sehen können: der Einstieg wird günstiger.
Aber man muß fallende Kurse auch von der positiven Seite sehen können: der Einstieg wird günstiger.
25% minus in drei Tagen sollte man jetzt Einsteigen?
Was ist Eure meinung ?
MfG
Was ist Eure meinung ?
MfG
... und noch eine interessante Meldung auf Englisch (gefunden unter www.newsalert.com):
May 29, 2001 05:59
TheSUBWAY.com Announces Investment Opinion on Cirus Telecom Inc., Metromedia Fiber Network, Inc., PictureTel Corp., Blue Martini Software, Inc. and Covad Communications Group, Inc.
WESTON, Fla.--(BUSINESS WIRE)--May 29, 2001--TheSUBWAY.com is pleased to announce the following Investment Opinions on: Cirus Telecom Inc. (OTCBB:CTLE), Metromedia Fiber Network, Inc. (Nasdaq:MFNX), PictureTel Corporation (Nasdaq:PCTL), Blue Martini Software, Inc. (Nasdaq:BLUE) and Covad Communications Group, Inc. (Nasdaq:COVDE).
...
Metromedia Fiber Network, Inc. (Nasdaq:MFNX)
Previous Close: $5.00 on vol. 3,958,700
Shares: ACCUMULATE
Dedicated to delivering superior business processes that support and serve its customers worldwide, Metromedia Fiber Network, Inc. (Nasdaq:MFNX) has achieved ISO 9001 Global, Multi-site Certification from Lloyd`s Register Quality Assurance (LRQA), the internationally-recognized authority for the provision of management systems certification. As a result, MFN is the first provider of end-to-end optical network and Internet infrastructure solutions to have multiple business units and sites certified under one global, multi-site registration.
"MFN is the world leader in deployment of optical IP infrastructure, and must sustain a level of quality that satisfies our customers` expectations," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network. "We are strongly committed to developing global policies and aligning our organization to standardize and improve our business processes, and we are proud to have attained this prestigious status."
Also, Metromedia Fiber Network, the leader in the deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, has been named to the Red Herring 100. The Red Herring 100, a list of the 50 private and 50 public companies `most likely to change the world,` rewards innovation, business strategy, quality of management and financial success.
...
About TheSubway.com
TheSubway.com, a wholly owned online asset of Capital Research Group, Inc. (CRG) was developed solely for experienced, risk tolerant investors. Subscribers to TheSubway.com receive daily market commentary reports for select companies trading on various markets. Sophisticated investors are also able to receive for free, select, rare research reports and investor kits on up and coming emerging companies while they are still not widely known.
About Capital Research Group Inc.
Through TheSubway.com, Capital Research Group (CRG) introduces what in its opinion are undervalued companies to the investment community. Capital Research Group strives to locate companies with enormous growth potential. CRG is a full service public relations / Investor relations firm. For more information about our products or services, please contact CRG at 954/217-9555 or visit us at http://www.thesubway.com.
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. A company`s actual results could differ materially from those described in any forward-looking statements or announcements discussed herein. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market marker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (30,000 CTLE) CRG intends to sell its shares. CRG has sold approximately 0 PENC shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG`s affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
CONTACT: Capital Research Group Inc., Weston
Charles T. Tamburello, 954/217-9555
Fax: 954/389-5756
Email: chuck@TheSubway.com
Für alle die nicht wissen, was `Accumulate` bedeutet (so wie ich):
Akkumulieren
Englisch: Accumulate, Buy Undervalued, Trading Buy, Long Term Buy
Auch: Aufstocken
Eine Aktie mit dem Analystenurteil akkumulieren besagt, dass diese sich in den nächsten Monaten wahrscheinlich besser als der vergleichbare Branchenindex entwickeln wird. Experten rechnen mit einem Kursanstieg von 10 % bis 25 %.
Oftmals sprechen Analysten auch von unterbewerteten Titeln. Diese gelten quasi als "Schnäppchen", da sie im Vergleich zu anderen Aktien der Branche zu billig erscheinen.
Anleger, die bereits im Besitz solcher Aktien sind, sollten ihren Bestand also aufstocken (aber nicht zu jedem Preis).
May 29, 2001 05:59
TheSUBWAY.com Announces Investment Opinion on Cirus Telecom Inc., Metromedia Fiber Network, Inc., PictureTel Corp., Blue Martini Software, Inc. and Covad Communications Group, Inc.
WESTON, Fla.--(BUSINESS WIRE)--May 29, 2001--TheSUBWAY.com is pleased to announce the following Investment Opinions on: Cirus Telecom Inc. (OTCBB:CTLE), Metromedia Fiber Network, Inc. (Nasdaq:MFNX), PictureTel Corporation (Nasdaq:PCTL), Blue Martini Software, Inc. (Nasdaq:BLUE) and Covad Communications Group, Inc. (Nasdaq:COVDE).
...
Metromedia Fiber Network, Inc. (Nasdaq:MFNX)
Previous Close: $5.00 on vol. 3,958,700
Shares: ACCUMULATE
Dedicated to delivering superior business processes that support and serve its customers worldwide, Metromedia Fiber Network, Inc. (Nasdaq:MFNX) has achieved ISO 9001 Global, Multi-site Certification from Lloyd`s Register Quality Assurance (LRQA), the internationally-recognized authority for the provision of management systems certification. As a result, MFN is the first provider of end-to-end optical network and Internet infrastructure solutions to have multiple business units and sites certified under one global, multi-site registration.
"MFN is the world leader in deployment of optical IP infrastructure, and must sustain a level of quality that satisfies our customers` expectations," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network. "We are strongly committed to developing global policies and aligning our organization to standardize and improve our business processes, and we are proud to have attained this prestigious status."
Also, Metromedia Fiber Network, the leader in the deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, has been named to the Red Herring 100. The Red Herring 100, a list of the 50 private and 50 public companies `most likely to change the world,` rewards innovation, business strategy, quality of management and financial success.
...
About TheSubway.com
TheSubway.com, a wholly owned online asset of Capital Research Group, Inc. (CRG) was developed solely for experienced, risk tolerant investors. Subscribers to TheSubway.com receive daily market commentary reports for select companies trading on various markets. Sophisticated investors are also able to receive for free, select, rare research reports and investor kits on up and coming emerging companies while they are still not widely known.
About Capital Research Group Inc.
Through TheSubway.com, Capital Research Group (CRG) introduces what in its opinion are undervalued companies to the investment community. Capital Research Group strives to locate companies with enormous growth potential. CRG is a full service public relations / Investor relations firm. For more information about our products or services, please contact CRG at 954/217-9555 or visit us at http://www.thesubway.com.
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. A company`s actual results could differ materially from those described in any forward-looking statements or announcements discussed herein. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market marker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (30,000 CTLE) CRG intends to sell its shares. CRG has sold approximately 0 PENC shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG`s affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
CONTACT: Capital Research Group Inc., Weston
Charles T. Tamburello, 954/217-9555
Fax: 954/389-5756
Email: chuck@TheSubway.com
Für alle die nicht wissen, was `Accumulate` bedeutet (so wie ich):
Akkumulieren
Englisch: Accumulate, Buy Undervalued, Trading Buy, Long Term Buy
Auch: Aufstocken
Eine Aktie mit dem Analystenurteil akkumulieren besagt, dass diese sich in den nächsten Monaten wahrscheinlich besser als der vergleichbare Branchenindex entwickeln wird. Experten rechnen mit einem Kursanstieg von 10 % bis 25 %.
Oftmals sprechen Analysten auch von unterbewerteten Titeln. Diese gelten quasi als "Schnäppchen", da sie im Vergleich zu anderen Aktien der Branche zu billig erscheinen.
Anleger, die bereits im Besitz solcher Aktien sind, sollten ihren Bestand also aufstocken (aber nicht zu jedem Preis).
Was ist los mit Metromedia ?
Warum fällt die Aktie immer weiter ?
Hat jemand eine Erklärung dafür ?
MfG
Warum fällt die Aktie immer weiter ?
Hat jemand eine Erklärung dafür ?
MfG
@zupf: wie wärs wenn du dir mal die quartalsergebnisse ansiehst. guter wert, aber maßlos überbewertet.
viele grüße
gourmet
viele grüße
gourmet
1.Quartal Umsatz plus 141% auf 76,98 Mio.
Verlust 26 Cent erwartet wurden 32 Cent.
Was soll an diesen Zahlen schlecht sein Gourmet ?
Mfg
Verlust 26 Cent erwartet wurden 32 Cent.
Was soll an diesen Zahlen schlecht sein Gourmet ?
Mfg
@zupf:
- kein gewinn in absehbarer zeit
- market cap bei 2.3 mrd $ bei etwa 400 mio umsatz und etwa 600 mio verlust in diesem jahr (=kompletter cash). nimmst du die bewertung des goodwills heraus, so hat macromedia einen buchwert von ca. 1 $ je share.
- steigerungsrate für nächstes jahr unter 50 % (meine schätzung) und weiterhin cash-burner; weiter in die zukunft will ich gar nicht gehen.
imo: fair wäre ein market cap von etwa 1 mrd, aber nicht drüber oder anders gefragt, wieso sollte ein noch höheres market cap als 2.3 mrd (=kurssteigerung) gerechtfertigt sein (erst sollte hier ein plausibler grund vorliegen).
viele grüße
gourmet
- kein gewinn in absehbarer zeit
- market cap bei 2.3 mrd $ bei etwa 400 mio umsatz und etwa 600 mio verlust in diesem jahr (=kompletter cash). nimmst du die bewertung des goodwills heraus, so hat macromedia einen buchwert von ca. 1 $ je share.
- steigerungsrate für nächstes jahr unter 50 % (meine schätzung) und weiterhin cash-burner; weiter in die zukunft will ich gar nicht gehen.
imo: fair wäre ein market cap von etwa 1 mrd, aber nicht drüber oder anders gefragt, wieso sollte ein noch höheres market cap als 2.3 mrd (=kurssteigerung) gerechtfertigt sein (erst sollte hier ein plausibler grund vorliegen).
viele grüße
gourmet
sorry, soll natürlich metromedia und nicht macromedia (übrigens ein recht interessanter wert) lauten
viele grüße
gourmet
viele grüße
gourmet
@gourmet
Das kann man so nicht stehenlassen.Die Kurse einer Aktie spiegeln meist die von Dir genannten Komponenten nicht wieder.Sicherlich ist metromedia kein schnäppchen,wenn man sie in verbindung sieht mit marktkapitalisierung und umsatzerwartung.
dennoch ist metromedia auch an der branche und der verläßlichkeit der prognostizierten zahlen zu messen.nichtsdestotrotz muß man auch an die story und das management eines unternehmens glauben.
ich bin also nicht deiner ansicht und halte metromedia für einen interessanten wert mit enormem potential.
wenn du eine aktie an ihrer bewertung messen willst,schau dir mal die bewertung einer cisco,ciena,yahoo,broadvision,siebel,emc....usw. an.
soviel zum thema bewertung.
cu webbie
Das kann man so nicht stehenlassen.Die Kurse einer Aktie spiegeln meist die von Dir genannten Komponenten nicht wieder.Sicherlich ist metromedia kein schnäppchen,wenn man sie in verbindung sieht mit marktkapitalisierung und umsatzerwartung.
dennoch ist metromedia auch an der branche und der verläßlichkeit der prognostizierten zahlen zu messen.nichtsdestotrotz muß man auch an die story und das management eines unternehmens glauben.
ich bin also nicht deiner ansicht und halte metromedia für einen interessanten wert mit enormem potential.
wenn du eine aktie an ihrer bewertung messen willst,schau dir mal die bewertung einer cisco,ciena,yahoo,broadvision,siebel,emc....usw. an.
soviel zum thema bewertung.
cu webbie
@webboris: völlig richtig, auch eine cisco oder emc sind viel zu teuer und haben (zumindest in meinem depot) keinen platz.
und daß in übertreibungsphasen die story mehr zählt als die bewertung ist mir auch klar; nur haben wir im moment keine übertreibungsphase. wie war das doch gleich mit cisco im letzten jahr ? "das erste unternehmen mit einer marktkapitalisierung von 1 bio". zu der zeit gab da mal einen vergleich: cisco war im hoch 150 mrd mehr wert als die gesamte stahlindustrie der usa, wobei cisco gerade so viel umsatz gemacht haben wie diese dividenden ausgeschüttet haben.
viele grüße
gourmet
und daß in übertreibungsphasen die story mehr zählt als die bewertung ist mir auch klar; nur haben wir im moment keine übertreibungsphase. wie war das doch gleich mit cisco im letzten jahr ? "das erste unternehmen mit einer marktkapitalisierung von 1 bio". zu der zeit gab da mal einen vergleich: cisco war im hoch 150 mrd mehr wert als die gesamte stahlindustrie der usa, wobei cisco gerade so viel umsatz gemacht haben wie diese dividenden ausgeschüttet haben.
viele grüße
gourmet
Bin auch in Metromedia investiert und glaube auch an ein enormes Potential. nächste Zeit 7-9Euro
Gruß
blume
Gruß
blume
Metromedia läuft gut 10 prozent heute und sieht auch charttechnisch nicht uninteressant aus.
bis jetzt jedenfalls.
aktien die fundamental richtig bewertet sind,die sind halt uninteressant.Weil da die phantasie raus ist.und von phantasie lebt die börse halt.
cu webbie
bis jetzt jedenfalls.
aktien die fundamental richtig bewertet sind,die sind halt uninteressant.Weil da die phantasie raus ist.und von phantasie lebt die börse halt.
cu webbie
habe mal die vermutung gepostet daß der TIER 1 RESEARCH report möglicherweise an der schlechten perf. der letzten tage schuld sein könnte.
habe den report "erhalten" und kann nun diese vermutung ausschließen, ganz im gegenteil äußert man sich durchaus
pos. zu MFNX.
zur bewertung: das kuv bei mfnx sieht ja wirklich nicht günstig aus, ab was hat man sich bei kursen zu 40 dabei gedacht :-)))
mfg gw
habe den report "erhalten" und kann nun diese vermutung ausschließen, ganz im gegenteil äußert man sich durchaus
pos. zu MFNX.
zur bewertung: das kuv bei mfnx sieht ja wirklich nicht günstig aus, ab was hat man sich bei kursen zu 40 dabei gedacht :-)))
mfg gw
NASDAQ:MFNX hat heute mit 4.65 USD (+19,85%) abgeschlossen.
Für Robert V. Green (Analyst von briefing.com) ist Metromedia ein Langzeit-Favorit mit Risiko. Ein Problem bei Metromedia sieht er bei der Nachfrage am Netzwerkmarkt allgemein, deren Prognosen heuer nach unten revidiert wurden. (Quelle: www.europeaninvestor.com)
Für Robert V. Green (Analyst von briefing.com) ist Metromedia ein Langzeit-Favorit mit Risiko. Ein Problem bei Metromedia sieht er bei der Nachfrage am Netzwerkmarkt allgemein, deren Prognosen heuer nach unten revidiert wurden. (Quelle: www.europeaninvestor.com)
Metromedia Fiber, Deutsche Telekom In 20-Yr Lease Pact
NEW YORK -(Dow Jones)- Metromedia Fiber Network Inc. (MFNX) agreed to provide European communications company Deutsche Telekom AG (DT) with optical infrastructure, as well as operations, administration and maintenance services.
The 20-year lease agreement will enable a further expansion of Deutsche Telekom`s worldwide network platform that connects major cities in Europe, North America and Asia, Metromedia Fiber said in a press release Wednesday.
The fiber-optics company said it will connect Deutsche Telekom`s backbone from New York to Washington, D.C., and throughout the northern Virginia and New York City metropolitan areas.
Metromedia Fiber Network`s Web site is www.mmfn.com.
weils so schn ist ausführlicher:
Metromedia Fiber Network to Provide Deutsche Telekom With Optical Infrastructure
NEW YORK, Jun 6, 2001 (BUSINESS WIRE) -- Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX), the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, and Deutsche Telekom AG (NYSE: DT), Europe`s largest communications company, have signed an agreement by which MFN will provide Deutsche Telekom with optical infrastructure, as well as operations, administration and maintenance services.
The 20-year lease agreement will enable a further expansion of Deutsche Telekom`s worldwide network platform that connects major cities in Europe, North America and Asia. MFN will connect Deutsche Telekom`s backbone from New York to Washington, D.C., and throughout the northern Virginia and New York City metro areas. The network will provide customers with virtually unlimited transmission bandwidth that will deliver optimum range and high-level security, and tailored solutions for multinational customers.
Deutsche Telekom will connect to MFN`s cable landing stations in Manasquan and Tuckerton, N.J., and access MFN`s metro-area backbones in New York City, Philadelphia and Vienna, Va.. As a result, MFN`s end-to-end optical network will allow Deutsche Telekom customers to utilize advanced technologies, such as SONET/SDH and DWDM, while providing them access to a robust Internet infrastructure that is capable of supporting bandwidth-intensive applications such as remote data warehousing, data mirroring, disaster recovery, multimedia, video, audio and other Internet technologies.
"Deutsche Telekom`s customers stand to gain tremendous benefits from MFN`s unique networking solution, featuring virtually unlimited bandwidth and the fastest transmission speeds available," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network. "And with products and services enabling the fastest, most advanced IP applications delivered over MFN`s secure, reliable and scalable network, Deutsche Telekom expands its IP and voice-related activities with a powerful advantage."
Metromedia Fiber Network to Provide Deutsche Telekom With Optical Infrastructure
NEW YORK, Jun 6, 2001 (BUSINESS WIRE) -- Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX), the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, and Deutsche Telekom AG (NYSE: DT), Europe`s largest communications company, have signed an agreement by which MFN will provide Deutsche Telekom with optical infrastructure, as well as operations, administration and maintenance services.
The 20-year lease agreement will enable a further expansion of Deutsche Telekom`s worldwide network platform that connects major cities in Europe, North America and Asia. MFN will connect Deutsche Telekom`s backbone from New York to Washington, D.C., and throughout the northern Virginia and New York City metro areas. The network will provide customers with virtually unlimited transmission bandwidth that will deliver optimum range and high-level security, and tailored solutions for multinational customers.
Deutsche Telekom will connect to MFN`s cable landing stations in Manasquan and Tuckerton, N.J., and access MFN`s metro-area backbones in New York City, Philadelphia and Vienna, Va.. As a result, MFN`s end-to-end optical network will allow Deutsche Telekom customers to utilize advanced technologies, such as SONET/SDH and DWDM, while providing them access to a robust Internet infrastructure that is capable of supporting bandwidth-intensive applications such as remote data warehousing, data mirroring, disaster recovery, multimedia, video, audio and other Internet technologies.
"Deutsche Telekom`s customers stand to gain tremendous benefits from MFN`s unique networking solution, featuring virtually unlimited bandwidth and the fastest transmission speeds available," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network. "And with products and services enabling the fastest, most advanced IP applications delivered over MFN`s secure, reliable and scalable network, Deutsche Telekom expands its IP and voice-related activities with a powerful advantage."
auch auf die gefahr hin daß ich euch auf den sack geh, aber ich freu mich halt gerade. vorgestern im zustand tiefster
(kurs)depressionen zu 3,9 noch nachgeschaufelt und dann daß hier. naja, dusel muß man haben.
alls spezialservice noch in deutsch:
06.06. 15:18
Metromedia erhält Großauftrag von DTAG
--------------------------------------------------------------------------------
(©BörseGo - http://www.boerse-go.de)
Der führende Entwickler von optischer IP-Infrastruktur, Metromedia Fiber Network (MFN), und die Deutsche Telekom AG (DTAG) verkündeten heute eine enge Zusammenarbeit, in der MFN das größte europäische Telekommunikationsunternehmen mit optischer Infrastruktur sowie mit Verwaltungs- und Instandhaltungsdiensten versorgen soll.
Die Vertragslaufzeit wurde auf 20 Jahre festgesetzt, finanzielle Einzelheiten wurden nicht bekannt.
Durch das Abkommen wird die Deutsche Telekom nicht nur mit neuester Technologie im Infrastrukturbereich ausgestattet werden, auch soll sich die Reichweite des rosa Riesen erheblich ausweiten. Vor allem im US-amerikanischen Raum werde man durch die Anbindung an die MFN-Backbone-Gebiete in New York City, Washington, Philadelphia und weiteren eine deutlich größere Reichweite haben
(kurs)depressionen zu 3,9 noch nachgeschaufelt und dann daß hier. naja, dusel muß man haben.
alls spezialservice noch in deutsch:
06.06. 15:18
Metromedia erhält Großauftrag von DTAG
--------------------------------------------------------------------------------
(©BörseGo - http://www.boerse-go.de)
Der führende Entwickler von optischer IP-Infrastruktur, Metromedia Fiber Network (MFN), und die Deutsche Telekom AG (DTAG) verkündeten heute eine enge Zusammenarbeit, in der MFN das größte europäische Telekommunikationsunternehmen mit optischer Infrastruktur sowie mit Verwaltungs- und Instandhaltungsdiensten versorgen soll.
Die Vertragslaufzeit wurde auf 20 Jahre festgesetzt, finanzielle Einzelheiten wurden nicht bekannt.
Durch das Abkommen wird die Deutsche Telekom nicht nur mit neuester Technologie im Infrastrukturbereich ausgestattet werden, auch soll sich die Reichweite des rosa Riesen erheblich ausweiten. Vor allem im US-amerikanischen Raum werde man durch die Anbindung an die MFN-Backbone-Gebiete in New York City, Washington, Philadelphia und weiteren eine deutlich größere Reichweite haben
Wird der Kurs weiter steigen was meint Ihr ?
MfG
MfG
warten auf den gap-schluß bei 4,70 $, dann hoch...auch alte Bekannte wollen hoch und bilden ein W. NT, JDSU,JNPR,Level 3, in diesem segment MFNX das günstigste neben NT. KUV 5-6, NT 1,...die anderen schon über 10. MFNX soll das beste equipment haben, bzw. techn. vorsprung innehaben. Kann dazu jemand was sagen?
Ich geh mal davon aus, dass der Boden hier noch nicht erreicht ist. Der Wert wird an der Nasdaq nicht umsonst so vernachlässigt.
da hab ich mich wohl ganz schön vertan, gap war noch eins bei 4 $, und die anderen hat JNPR verhöckert...bin sehr vorsichtig, die telekoms-glasfaser hätten jetzt ein W, rutscht die nasd unter 2100 gibts ein schlachtfest bei diesen werten
heute wird alles geschlachtet was auch nur ungefähr mit glasfaser zu tun hat.
wo kann ich beantragen daß das wort fiber aus dem firmennamen entfernt wird
gruß von der vorbörse : $3.55 $3.27 -7.89%
mbg gw
wo kann ich beantragen daß das wort fiber aus dem firmennamen entfernt wird
gruß von der vorbörse : $3.55 $3.27 -7.89%
mbg gw
bin gespannt ob die prognose stimmt zu MFNX:
18.06. 14:29
Goldman Sachs stuft Inet Infrastruktur Sektor ab
--------------------------------------------------------------------------------
(©BörseGo - http://www.boerse-go.de)
Goldman Sachs setzt die Prognosen für den Internet Infrastruktur Sektor herab. Schuld daran seien die immer häufigeren Bankrott-Meldungen von Internet Unternehmen und anziehende Preisdrücke im zweiten Halbjahr 2001. Die Umsatzprognosen für Exodus wurden für das Jahr 2002 um 18% gesenkt, Digital Island wird 22% weniger umsetzen und Metromedia Fiber Network erlebe gar einen Einbruch um 29%, hieß es. Der Plattform Anbieter Equinix könnte sich gegen den Trend stämmen und die Prognosen erreichen.
gruß gw
18.06. 14:29
Goldman Sachs stuft Inet Infrastruktur Sektor ab
--------------------------------------------------------------------------------
(©BörseGo - http://www.boerse-go.de)
Goldman Sachs setzt die Prognosen für den Internet Infrastruktur Sektor herab. Schuld daran seien die immer häufigeren Bankrott-Meldungen von Internet Unternehmen und anziehende Preisdrücke im zweiten Halbjahr 2001. Die Umsatzprognosen für Exodus wurden für das Jahr 2002 um 18% gesenkt, Digital Island wird 22% weniger umsetzen und Metromedia Fiber Network erlebe gar einen Einbruch um 29%, hieß es. Der Plattform Anbieter Equinix könnte sich gegen den Trend stämmen und die Prognosen erreichen.
gruß gw
von Redaktion WO [W:O] 23.05.01 22:20:11 3585695 METROMED.FIB.NET.A DL-,01
Der Analyst Vik Grover von Kaufman Bros. geht davon aus, dass die Aktie des Betreibers von Glasfasernetzwerken Metromedia Fiber Network um rund 300% zulegen wird. Grover erneuert sein „strong buy“-Rating mit einem Kursziel von 14$.
Trotz der Empfehlung verliert die Aktie von Metromedia bei allgemein schwächeren Kursen um 8% auf 5,18$.
Also TOLLE Empfehlung war es (wie häufig) !!!
cu @ 1$ !!!
Der Analyst Vik Grover von Kaufman Bros. geht davon aus, dass die Aktie des Betreibers von Glasfasernetzwerken Metromedia Fiber Network um rund 300% zulegen wird. Grover erneuert sein „strong buy“-Rating mit einem Kursziel von 14$.
Trotz der Empfehlung verliert die Aktie von Metromedia bei allgemein schwächeren Kursen um 8% auf 5,18$.
Also TOLLE Empfehlung war es (wie häufig) !!!
cu @ 1$ !!!
Goldman Sachs hat immer recht schnell noch raus in Frankfurt für 3,15 Euro !
MfG
MfG
@zupf: buy high sell low ? nun werden sie doch so langsam interessant zum einstieg. noch ein paar schlechte earning und ein paar warnungen und man kann mal eine erste position aufbauen (imo: so um die 2 $).
viele grüße
gourmet
viele grüße
gourmet
findet jemand die orignalnachricht der goldman sachs umsatzwarnung???
meinen ewigen dank zusichernd
gw
meinen ewigen dank zusichernd
gw
Hallo Gourmet was glaubst Du wohl von wem die Kauforder in Frankfurt ist ! :-))
MfG
MfG
Metromedia Tumbles on Estimates Cut
By TSC Staff
6/18/01 12:03 PM ET
Metromedia Fiber Network (MFNX:Nasdaq - news - commentary) was down 20.1% in late morning, hitting a 52-week low of $2.70 after Goldman Sachs cut its estimates and price target on the company.
In a research note, Goldman said the company is "exposed to the macro weakness in the Internet infrastructure services sector."
Goldman now expects a $55 million loss in the second quarter on revenue of $94 million. Goldman cut its per-share loss estimate for 2001 to $1.10 from $1.02, and lowered its price target to $10 from $23.
By TSC Staff
6/18/01 12:03 PM ET
Metromedia Fiber Network (MFNX:Nasdaq - news - commentary) was down 20.1% in late morning, hitting a 52-week low of $2.70 after Goldman Sachs cut its estimates and price target on the company.
In a research note, Goldman said the company is "exposed to the macro weakness in the Internet infrastructure services sector."
Goldman now expects a $55 million loss in the second quarter on revenue of $94 million. Goldman cut its per-share loss estimate for 2001 to $1.10 from $1.02, and lowered its price target to $10 from $23.
@zupf: jetzt (1.94 $) kannst du daran denken, mal die erste position zu kaufen (1/3 dessen, was du in mfnx investieren willst).
viele grüße
gourmet
viele grüße
gourmet
aha, schau schau ->
Metromedia Fiber slashes targets (MFNX) by Chris Kraeuter
Metromedia Fiber Network cut its financial targets due to weak sales to its Internet customers. For the second quarter, Metromedia expects revenue of $89 million to $91 million and a loss before interest, taxes, depreciation and amortization and stock compensation charges of $45 million to $48 million compared with previous expectations of revenue of $99 million and an EBITDA loss of $45 million. During the third quarter, revenue is expected at $107 million to $115 million, with EBITDA loss of $31 million to $35 million, compared with previous targets of $138 million in revenue and EBITDA loss of $31 million. The final quarter of the fiscal year should yield revenue of $127 million to $137 million, and EBITDA loss of $19 million to $22 million, compared with previous expectations for revenue of $164 million and EBITDA loss of $19 million. The optical Internet infrastructure company did not provide new targets net of charges and taxes. Ahead of the announcement shares closed down $1.39, or 40 percent, at $2.10. Shares tumbled on Monday after Goldman Sachs analyst Matthew Janiga cut his estimates.
Metromedia Fiber slashes targets (MFNX) by Chris Kraeuter
Metromedia Fiber Network cut its financial targets due to weak sales to its Internet customers. For the second quarter, Metromedia expects revenue of $89 million to $91 million and a loss before interest, taxes, depreciation and amortization and stock compensation charges of $45 million to $48 million compared with previous expectations of revenue of $99 million and an EBITDA loss of $45 million. During the third quarter, revenue is expected at $107 million to $115 million, with EBITDA loss of $31 million to $35 million, compared with previous targets of $138 million in revenue and EBITDA loss of $31 million. The final quarter of the fiscal year should yield revenue of $127 million to $137 million, and EBITDA loss of $19 million to $22 million, compared with previous expectations for revenue of $164 million and EBITDA loss of $19 million. The optical Internet infrastructure company did not provide new targets net of charges and taxes. Ahead of the announcement shares closed down $1.39, or 40 percent, at $2.10. Shares tumbled on Monday after Goldman Sachs analyst Matthew Janiga cut his estimates.
Ich kaufe weiter,abgerechnet wird in 2-3 Jahren !
Schauer mer mal !
MfG
Schauer mer mal !
MfG
Sehe ich genauso!
--------------------------------------------------------------------------------
TheSUBWAY.com Announces Investment Opinion on Financial Performance Corporation, Metromedia Fiber Network, Inktomi Corp., Harmonic Inc. and Portal Software, Inc
WESTON, Fla., Jun 20, 2001 (BUSINESS WIRE) -- TheSUBWAY.com is pleased to
announce the following Investment Opinions on: Financial Performance Corporation
(Nasdaq: FPCX), Metromedia Fiber Network Inc., (Nasdaq: MFNX), Inktomi Corp.
(Nasdaq: INKT), Harmonic Inc. (Nasdaq: HLIT) and Portal Software, Inc.
(Nasdaq: PRSF).
Financial Performance Corporation (Nasdaq: FPCX) Previous Close: Unchanged to
2.32 on volume of 5,700 Shares: ACCUMULATE
Financial Performance Corporation (Nasdaq: FPCX) just announced that their
revenues from continuing operations for the three months ending March 31, 2001
were $10,250,000 compared to revenues of $473,000 from continuing operations in
the first quarter of 2000.
FPCX is new to TheSUBWAY.com and CRG feels that the stock is positioned to move.
Based on the recent news, watch for increasing volume, and watch the reflection
in the stock. CRG is expecting to see more interesting news to come.
For the first quarter of 2001, the Company`s Willey Brothers subsidiary,
acquired in January 2001, generated approximately $1.1 million of EBITDA.
Metromedia Fiber Networks Inc. (Nasdaq: MFNX) Previous Close: Down 25% to $1.59
on vol. 48,388,100 Shares: ATTRACTIVE
Google Inc., recognized as the largest search engine on the Web, will co-locate
its Internet servers in Metromedia Fiber Network`s (MFN) (Nasdaq: MFNX) Internet
Service Exchanges (ISX). This deal makes MFN a major provider of co-location
space to Google.
MFN`s ISX combines the company`s global optical IP infrastructure with secure,
reliable, industry-leading co-location services and technology to deliver a
world-class hosting solution with a network that can transport massive amounts
of data at terabit speeds, easily accommodating unexpected spikes in traffic and
seamlessly increasing bandwidth.
`Google is one of the leading search engines on the Internet and we are pleased
that they have chosen MFN to guarantee the reliability and speed of their
information delivery,` said Mark Spagnolo, president of MFN Internet Solutions.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP
infrastructure within key metropolitan areas domestically and internationally,
is revolutionizing the fiber-optic industry. By offering virtually unlimited,
unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber
Network is eliminating the bandwidth barrier and redefining the way broadband
capacity is sold.
cu Webbie
--------------------------------------------------------------------------------
TheSUBWAY.com Announces Investment Opinion on Financial Performance Corporation, Metromedia Fiber Network, Inktomi Corp., Harmonic Inc. and Portal Software, Inc
WESTON, Fla., Jun 20, 2001 (BUSINESS WIRE) -- TheSUBWAY.com is pleased to
announce the following Investment Opinions on: Financial Performance Corporation
(Nasdaq: FPCX), Metromedia Fiber Network Inc., (Nasdaq: MFNX), Inktomi Corp.
(Nasdaq: INKT), Harmonic Inc. (Nasdaq: HLIT) and Portal Software, Inc.
(Nasdaq: PRSF).
Financial Performance Corporation (Nasdaq: FPCX) Previous Close: Unchanged to
2.32 on volume of 5,700 Shares: ACCUMULATE
Financial Performance Corporation (Nasdaq: FPCX) just announced that their
revenues from continuing operations for the three months ending March 31, 2001
were $10,250,000 compared to revenues of $473,000 from continuing operations in
the first quarter of 2000.
FPCX is new to TheSUBWAY.com and CRG feels that the stock is positioned to move.
Based on the recent news, watch for increasing volume, and watch the reflection
in the stock. CRG is expecting to see more interesting news to come.
For the first quarter of 2001, the Company`s Willey Brothers subsidiary,
acquired in January 2001, generated approximately $1.1 million of EBITDA.
Metromedia Fiber Networks Inc. (Nasdaq: MFNX) Previous Close: Down 25% to $1.59
on vol. 48,388,100 Shares: ATTRACTIVE
Google Inc., recognized as the largest search engine on the Web, will co-locate
its Internet servers in Metromedia Fiber Network`s (MFN) (Nasdaq: MFNX) Internet
Service Exchanges (ISX). This deal makes MFN a major provider of co-location
space to Google.
MFN`s ISX combines the company`s global optical IP infrastructure with secure,
reliable, industry-leading co-location services and technology to deliver a
world-class hosting solution with a network that can transport massive amounts
of data at terabit speeds, easily accommodating unexpected spikes in traffic and
seamlessly increasing bandwidth.
`Google is one of the leading search engines on the Internet and we are pleased
that they have chosen MFN to guarantee the reliability and speed of their
information delivery,` said Mark Spagnolo, president of MFN Internet Solutions.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP
infrastructure within key metropolitan areas domestically and internationally,
is revolutionizing the fiber-optic industry. By offering virtually unlimited,
unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber
Network is eliminating the bandwidth barrier and redefining the way broadband
capacity is sold.
cu Webbie
... hört sich nicht so gut an:
Reuters, 06/20/2001 12:03
TEXT-S&P may cut Metromedia Fiber Network corp credit
(Press release provided by Standard & Poor`s)
NEW YORK, June 20 - Standard & Poor`s today placed its single-`B`-plus corporate credit rating on Metromedia Fiber Network Inc. (NASDAQ:MFNX) (MFN) on CreditWatch with negative implications.
The preliminary triple-`C`-plus preferred stock rating on the company`s shelf registration was also placed on CreditWatch negative.
The single-`B`-plus senior unsecured debt rating and the preliminary single-`B`-plus senior unsecured rating on the company`s shelf registration remain on CreditWatch negative, where it they were placed May 23, 2001.
The senior unsecured debt rating was originally placed on CreditWatch due to Standard & Poor`s expectation that the concentration of priority obligations relative to total assets could require the debt rating to be notched below the corporate credit rating.
The CreditWatch on the corporate credit rating reflects concern2 about the company`s ability to aggressively expand its business over the next few years.
Such concern is largely the result of the company`s recent announcement that it revised its revenue guidance for 2001 based on general economic weakness and a market downturn, both of which have had an adverse effect on the company`s Internet infrastructure business.
MFN`s net change in EBITDA guidance from previous levels is not material.
However, because the concomitant revenue guidance provided by MFN for the second through fourth quarters of 2001 was lowered by as much as $75 million, the company`s ability to grow its overall business base over the next few years may be affected, especially if price declines in the Internet infrastructure services sector are substantially more than anticipated.
Moreover, the funding of MFN`s operating and capital requirements over the next few years incorporates near-term receipt of a $350 million bank facility, which has not yet closed.
The company has until June 30, 2001, to enter into definitive documentation for the senior credit facility or the commitment will expire.
Failure to close on this facility will result in a near-term liquidity issue.
Standard & Poor`s will review the company`s business and financial plans with management, in light of the more risky economic market environment, to determine if the overall credit profile is still supportive of the current ratings.
Copyright 2001, Reuters News Service
...mein Englisch ist nicht so gut, aber get Metromedia das Geld aus ???
Reuters, 06/20/2001 12:03
TEXT-S&P may cut Metromedia Fiber Network corp credit
(Press release provided by Standard & Poor`s)
NEW YORK, June 20 - Standard & Poor`s today placed its single-`B`-plus corporate credit rating on Metromedia Fiber Network Inc. (NASDAQ:MFNX) (MFN) on CreditWatch with negative implications.
The preliminary triple-`C`-plus preferred stock rating on the company`s shelf registration was also placed on CreditWatch negative.
The single-`B`-plus senior unsecured debt rating and the preliminary single-`B`-plus senior unsecured rating on the company`s shelf registration remain on CreditWatch negative, where it they were placed May 23, 2001.
The senior unsecured debt rating was originally placed on CreditWatch due to Standard & Poor`s expectation that the concentration of priority obligations relative to total assets could require the debt rating to be notched below the corporate credit rating.
The CreditWatch on the corporate credit rating reflects concern2 about the company`s ability to aggressively expand its business over the next few years.
Such concern is largely the result of the company`s recent announcement that it revised its revenue guidance for 2001 based on general economic weakness and a market downturn, both of which have had an adverse effect on the company`s Internet infrastructure business.
MFN`s net change in EBITDA guidance from previous levels is not material.
However, because the concomitant revenue guidance provided by MFN for the second through fourth quarters of 2001 was lowered by as much as $75 million, the company`s ability to grow its overall business base over the next few years may be affected, especially if price declines in the Internet infrastructure services sector are substantially more than anticipated.
Moreover, the funding of MFN`s operating and capital requirements over the next few years incorporates near-term receipt of a $350 million bank facility, which has not yet closed.
The company has until June 30, 2001, to enter into definitive documentation for the senior credit facility or the commitment will expire.
Failure to close on this facility will result in a near-term liquidity issue.
Standard & Poor`s will review the company`s business and financial plans with management, in light of the more risky economic market environment, to determine if the overall credit profile is still supportive of the current ratings.
Copyright 2001, Reuters News Service
...mein Englisch ist nicht so gut, aber get Metromedia das Geld aus ???
Und wieder sind heute 11000 St. in meinem Depot gelandet.
MfG
MfG
@ zupf
du operierts aber mit ganz schönen beträgen, wünsche dir auf alle fälle viel erfolg.
mfg gw
du operierts aber mit ganz schönen beträgen, wünsche dir auf alle fälle viel erfolg.
mfg gw
@ Gewinnwarner
Depotbestand von Metromedia beläuft sich jetzt auf 62000St. damit ist es jetzt auch genug.
MfG
Depotbestand von Metromedia beläuft sich jetzt auf 62000St. damit ist es jetzt auch genug.
MfG
Google Chooses Metromedia Fiber Network for Internet Infrastructure ServicesMove to MFN`s Data Centers Ensures Superior Reliability and Connectivity for Web`s Largest Search Engine
NEW YORK, Jun 19, 2001 (BUSINESS WIRE) -- In an effort to provide faster, more reliable services to millions of users, Google Inc., recognized as the largest search engine on the Web, will co-locate its Internet servers in Metromedia Fiber Network`s (MFN) (Nasdaq: MFNX) Internet Service Exchanges (ISX).
Under the terms of the agreement, Google will lease space from MFN in two of its state-of-the-art ISX facilities in San Jose, Calif. and McLean, Va. This deal makes MFN a major provider of co-location space to Google.
MFN`s ISX combines the company`s global optical IP infrastructure with secure, reliable, industry-leading co-location services and technology to deliver a world-class hosting solution with a network that can transport massive amounts of data at terabit speeds, easily accommodating unexpected spikes in traffic and seamlessly increasing bandwidth. MFN`s IP networking expertise, deployment capabilities and aggressive peering relationships will ensure optimal delivery of Google`s content with minimal latency or packet loss and no site downtime.
"Co-locating with MFN and having access to the company`s global optical IP infrastructure will enhance our data collection capability and dramatically increase the speed at which our users receive information," said Wayne Rosing, Google`s vice president of Engineering. "Leveraging MFN`s optical and IP expertise will help us ensure that we provide our customers the most up-to-date information available online, and provide a superior Internet experience."
"Google is one of the leading search engines on the Internet and we are pleased that they have chosen MFN to guarantee the reliability and speed of their information delivery," said Mark Spagnolo, president of MFN Internet Solutions. "By co-locating in our ISX facilities, they are gaining access to a network unlike any other, giving their customers a unique online advantage."
NEW YORK, Jun 19, 2001 (BUSINESS WIRE) -- In an effort to provide faster, more reliable services to millions of users, Google Inc., recognized as the largest search engine on the Web, will co-locate its Internet servers in Metromedia Fiber Network`s (MFN) (Nasdaq: MFNX) Internet Service Exchanges (ISX).
Under the terms of the agreement, Google will lease space from MFN in two of its state-of-the-art ISX facilities in San Jose, Calif. and McLean, Va. This deal makes MFN a major provider of co-location space to Google.
MFN`s ISX combines the company`s global optical IP infrastructure with secure, reliable, industry-leading co-location services and technology to deliver a world-class hosting solution with a network that can transport massive amounts of data at terabit speeds, easily accommodating unexpected spikes in traffic and seamlessly increasing bandwidth. MFN`s IP networking expertise, deployment capabilities and aggressive peering relationships will ensure optimal delivery of Google`s content with minimal latency or packet loss and no site downtime.
"Co-locating with MFN and having access to the company`s global optical IP infrastructure will enhance our data collection capability and dramatically increase the speed at which our users receive information," said Wayne Rosing, Google`s vice president of Engineering. "Leveraging MFN`s optical and IP expertise will help us ensure that we provide our customers the most up-to-date information available online, and provide a superior Internet experience."
"Google is one of the leading search engines on the Internet and we are pleased that they have chosen MFN to guarantee the reliability and speed of their information delivery," said Mark Spagnolo, president of MFN Internet Solutions. "By co-locating in our ISX facilities, they are gaining access to a network unlike any other, giving their customers a unique online advantage."
BusinessWire, 06/20/2001 21:13
MaverickTrader.Com Announces Investment Opinion: FREE Stock Picks?
MaverickTrader.Com.
SHREVEPORT, La.--(BUSINESS WIRE)--June 20, 2001-- MaverickTrader.Com reiterates its opinion that the "free" stock picks issued daily in the "mainstream" analyst community are worth "exactly what you pay for," says MaverickTrader.Com President, Don Harrold.
"The bias is documented. When `mainstream` analysts give out `free stock picks`, MaverickTrader.Com believes it`s `buyer beware`," adds Mr. Harrold.
"MaverickTrader.Com calls `mainstream` analysts to drop the veil of bias," says Mr. Harrold.
MaverickTrader.Com believes that traders may find steady volume in stocks like, Metromedia (MFNX), Microsoft (MSFT), Dell Computer (DELL), Applied Materials (AMAT), and Palm Inc. (PALM).
Dewey Burchett, RIA, says, "The market is certainly not out of the woods, but the action today was encouraging considering the doom and gloom cast over the wires earlier this morning."
MaverickTrader.Com Announces Investment Opinion: FREE Stock Picks?
MaverickTrader.Com.
SHREVEPORT, La.--(BUSINESS WIRE)--June 20, 2001-- MaverickTrader.Com reiterates its opinion that the "free" stock picks issued daily in the "mainstream" analyst community are worth "exactly what you pay for," says MaverickTrader.Com President, Don Harrold.
"The bias is documented. When `mainstream` analysts give out `free stock picks`, MaverickTrader.Com believes it`s `buyer beware`," adds Mr. Harrold.
"MaverickTrader.Com calls `mainstream` analysts to drop the veil of bias," says Mr. Harrold.
MaverickTrader.Com believes that traders may find steady volume in stocks like, Metromedia (MFNX), Microsoft (MSFT), Dell Computer (DELL), Applied Materials (AMAT), and Palm Inc. (PALM).
Dewey Burchett, RIA, says, "The market is certainly not out of the woods, but the action today was encouraging considering the doom and gloom cast over the wires earlier this morning."
Aus diesem Chart heraus werden die massiven Insiderverkäufe im März 2001
verständlich. Als nächstes ist ein Dead Cat Bounce zu erwarten, den aber
nur hartgesottene Spekulanten traden sollten. Die mittelfristige Zukunft
der Firma heißt wahrscheinlich Delisting und Pennystock.
Market News : Tech Movers
Metromedia Falls on Possible Debt Rating Cut
By TSC Staff
6/21/01 3:42 PM ET
The Daily Interview: Holding Amazon`s Feet to the Fire
Fourth-Quarter Humbug: No Good Cheer May Await Big-Cap Tech
Crunching Targets, AOL Shifts Focus to Image
Metromedia Fiber Network (MFNX:Nasdaq - news - commentary) was down 16.3% after Moody`s Investor Service said it may cut its rating on the company`s senior unsecured debt.
The company, which builds high-speed fiber-optic communications networks in cities, on Monday cut its financial guidance for 2001, blaming a slowing economy and sinking sales.
At the close Wednesday, the stock was down 50.7% since the announcement.
Metromedia Falls on Possible Debt Rating Cut
By TSC Staff
6/21/01 3:42 PM ET
The Daily Interview: Holding Amazon`s Feet to the Fire
Fourth-Quarter Humbug: No Good Cheer May Await Big-Cap Tech
Crunching Targets, AOL Shifts Focus to Image
Metromedia Fiber Network (MFNX:Nasdaq - news - commentary) was down 16.3% after Moody`s Investor Service said it may cut its rating on the company`s senior unsecured debt.
The company, which builds high-speed fiber-optic communications networks in cities, on Monday cut its financial guidance for 2001, blaming a slowing economy and sinking sales.
At the close Wednesday, the stock was down 50.7% since the announcement.
BusinessWire, 06/21/2001 20:38
MaverickTrader.Com Announces Investment Opinion: DOWNGRADE!
MaverickTrader.Com.
SHREVEPORT, La.--(BUSINESS WIRE)--June 21, 2001--Several `mainstream` analysts made a strong downgrade call on Transmeta today, says MaverickTrader.Com President, Don Harrold.
"MaverickTrader.Com believes the downgrades to Transmeta today are not indicative of a weakness in the `semiconductor space`," adds Mr. Harrold.
"Alpha Industries, for example, received an upgrade. It`s (in our opinion), a `story by story` sector right now," says Mr. Harrold.
MaverickTrader.Com will watch other key stocks for downgrades. MaverickTrader.Com will watch stocks like, Qualcomm (Nasdaq:QCOM), Network Appliance (Nasdaq:NTAP), Metromedia (Nasdaq:MFNX), Worldcom (Nasdaq:WCOM), and Seibel Systems (Nasdaq:SEBL).
Dewey Burchett, RIA, says, "When the Nasdaq Composite failed to sell off further after the opening, traders were forced to cover and momentum players got on board as well. We still believe there is more room to the upside short term as we approach yet another FOMC meeting."
MaverickTrader.Com Announces Investment Opinion: DOWNGRADE!
MaverickTrader.Com.
SHREVEPORT, La.--(BUSINESS WIRE)--June 21, 2001--Several `mainstream` analysts made a strong downgrade call on Transmeta today, says MaverickTrader.Com President, Don Harrold.
"MaverickTrader.Com believes the downgrades to Transmeta today are not indicative of a weakness in the `semiconductor space`," adds Mr. Harrold.
"Alpha Industries, for example, received an upgrade. It`s (in our opinion), a `story by story` sector right now," says Mr. Harrold.
MaverickTrader.Com will watch other key stocks for downgrades. MaverickTrader.Com will watch stocks like, Qualcomm (Nasdaq:QCOM), Network Appliance (Nasdaq:NTAP), Metromedia (Nasdaq:MFNX), Worldcom (Nasdaq:WCOM), and Seibel Systems (Nasdaq:SEBL).
Dewey Burchett, RIA, says, "When the Nasdaq Composite failed to sell off further after the opening, traders were forced to cover and momentum players got on board as well. We still believe there is more room to the upside short term as we approach yet another FOMC meeting."
Schaut Euch einmal die Kundenliste von Metromedia an !
AOL
Ericsson
Deutsche Telekom
Global One ( Schwester Gesellschaft von France Telecom )
Nortel Networks
Lucent
SBC Communications
Bell South
GTE
Chase Manhattan
Telseon
ePhysician
Cresent Properties
Freddie Mac
Einige dieser Firmen haben 20 Jahresverträge mit Metromedia und sind die Big Player am Markt !
Glaubt Ihr wirklich Metromedia würde im bedarfsfall keine Kredite bekommen mit dieser Kundenliste !
Ich glaube es nicht.
MfG
AOL
Ericsson
Deutsche Telekom
Global One ( Schwester Gesellschaft von France Telecom )
Nortel Networks
Lucent
SBC Communications
Bell South
GTE
Chase Manhattan
Telseon
ePhysician
Cresent Properties
Freddie Mac
Einige dieser Firmen haben 20 Jahresverträge mit Metromedia und sind die Big Player am Markt !
Glaubt Ihr wirklich Metromedia würde im bedarfsfall keine Kredite bekommen mit dieser Kundenliste !
Ich glaube es nicht.
MfG
Auszug aus dem Diskussionsforum bei Siliconinvestors:
Toennis O`Bell who wrote (1396)
From: zebraspot Friday, Jun 22, 2001 5:14 AM
Respond to of 1397
Kluge`s group controls this thing, via the Class B shares.
I`m with you on the probability of financing coming through, but...the market seems to be worried about, and my comments addressed, the worst case. Some of the same dunderheads who LOVED it at 35 times(!) current levels are now discounting total failure.
Why? Because their competitors are all falling by the wayside!
Oh, no, not that!
I don`t care who sells to me this week at $1 --- window dressing funds, capitulating anxious individuals, whatever...the more they panic, the lower it goes, the better the opportunity.
People hate this market......
Hell, THESE are the days that you dream of!
This is where wealth is being thrown away by the handwringers--
I love their garbage.
Jewels from fools!
das ganze läuft auf ein spiel mit einer wette hinaus: 50:50.
meine persönliche wette lautet: 51:49 für die erlangung des kredits. und genau das vermuten die meisten, die in den letzten tagen bei enormen umsätzen in die aktie eingestiegen sind. bei durchschnittlich mehr als 40 mio. gehandelter aktien können das nicht kleinanleger gewesen sein.
nächste woche freitag ist d-day!
Hopp oder topp
Toennis O`Bell who wrote (1396)
From: zebraspot Friday, Jun 22, 2001 5:14 AM
Respond to of 1397
Kluge`s group controls this thing, via the Class B shares.
I`m with you on the probability of financing coming through, but...the market seems to be worried about, and my comments addressed, the worst case. Some of the same dunderheads who LOVED it at 35 times(!) current levels are now discounting total failure.
Why? Because their competitors are all falling by the wayside!
Oh, no, not that!
I don`t care who sells to me this week at $1 --- window dressing funds, capitulating anxious individuals, whatever...the more they panic, the lower it goes, the better the opportunity.
People hate this market......
Hell, THESE are the days that you dream of!
This is where wealth is being thrown away by the handwringers--
I love their garbage.
Jewels from fools!
das ganze läuft auf ein spiel mit einer wette hinaus: 50:50.
meine persönliche wette lautet: 51:49 für die erlangung des kredits. und genau das vermuten die meisten, die in den letzten tagen bei enormen umsätzen in die aktie eingestiegen sind. bei durchschnittlich mehr als 40 mio. gehandelter aktien können das nicht kleinanleger gewesen sein.
nächste woche freitag ist d-day!
Hopp oder topp
Analyst Actions: Kaufman Bros. Comes to Metromedia Fiber`s Defense
Boston, Jun 22, 2001 (Midnight Trader via COMTEX) -- Shares of recently
battered Metromedia Fiber Network, Inc. (MFNX) are gaining 6.25 percent on
114,025 Island shares in the extended session tonight. Kaufman Brothers
distributed a note late this afternoon in defense of the company, reiterating
its Strong Buy rating and setting a price target at $10.00.
Price: 1.53, Change: +0.09, Percent Change: +6.25%
Boston, Jun 22, 2001 (Midnight Trader via COMTEX) -- Shares of recently
battered Metromedia Fiber Network, Inc. (MFNX) are gaining 6.25 percent on
114,025 Island shares in the extended session tonight. Kaufman Brothers
distributed a note late this afternoon in defense of the company, reiterating
its Strong Buy rating and setting a price target at $10.00.
Price: 1.53, Change: +0.09, Percent Change: +6.25%
Es gibt auch ein paar sehr interessante Beiträge zu metromedia im ragingbull board
http://ragingbull.lycos.com/mboard/boards.cgi?board=MFNX
http://ragingbull.lycos.com/mboard/boards.cgi?board=MFNX
Ich denke,jede aktie wird geshortet,auch wenn unter 5 Dollar offiziell nicht möglich...
Quelle:www.viwes.com/invest/shorts/query.cgi
ViWes: NASDAQ Short Interest: Top Queries for the Last 4 Days
--------------------------------------------------------------------------------
(click on individual ticker symbol to see detailed short interest information) Rank #Queries Ticker Symbol Company Name
1 818 EBAY eBay Inc.
2 123 ABMD ABIOMED Inc.
3 102 JDSU JDS Uniphase Corporation
4 91 WCOM WorldCom Inc.
5 89 EXDS Exodus Communications Inc.
6 87 AREM AremisSoft Corporation
7 81 CSCO Cisco Systems Inc.
8 77 ORCL Oracle Corporation
9 72 RMBS Rambus Inc.
10 64 LVLT Level 3 Communications Inc.
11 61 MSFT Microsoft Corporation
12 57 MFNX Metromedia Fiber Network Inc.
13 54 DRMD Duramed Pharmaceuticals Inc.
14 53 INTC Intel Corporation
15 51 RBAK Redback Networks Inc.
16 41 DELL Dell Computer Corporation
17 38 JNPR Juniper Networks Inc.
18 38 CMRC Commerce One Inc.
19 37 AMAT Applied Materials Inc.
20 36 CHKP Check Point Software Technologies Ltd.
21 36 PLMD PolyMedica Corporation
Totally 5953 valid queries for the last 4 days on 1066 ticker symbols.
--------------------------------------------------------------------------------
[ Top 20`s - latest month | Monthly Watch | Messageboard | By Sectors | Bookstore ]
Show up to 12346912months in table formatin table and chartin chart only for
(please enter ticker symbols; use spaces to separate up to six ticker symbols.)
Top queries on this site: 1, 2, 3, 4, 5, 6 or 7 days ago; last 2, 3, 4, 5, 6 or 7 days.
Quelle:www.viwes.com/invest/shorts/query.cgi
ViWes: NASDAQ Short Interest: Top Queries for the Last 4 Days
--------------------------------------------------------------------------------
(click on individual ticker symbol to see detailed short interest information) Rank #Queries Ticker Symbol Company Name
1 818 EBAY eBay Inc.
2 123 ABMD ABIOMED Inc.
3 102 JDSU JDS Uniphase Corporation
4 91 WCOM WorldCom Inc.
5 89 EXDS Exodus Communications Inc.
6 87 AREM AremisSoft Corporation
7 81 CSCO Cisco Systems Inc.
8 77 ORCL Oracle Corporation
9 72 RMBS Rambus Inc.
10 64 LVLT Level 3 Communications Inc.
11 61 MSFT Microsoft Corporation
12 57 MFNX Metromedia Fiber Network Inc.
13 54 DRMD Duramed Pharmaceuticals Inc.
14 53 INTC Intel Corporation
15 51 RBAK Redback Networks Inc.
16 41 DELL Dell Computer Corporation
17 38 JNPR Juniper Networks Inc.
18 38 CMRC Commerce One Inc.
19 37 AMAT Applied Materials Inc.
20 36 CHKP Check Point Software Technologies Ltd.
21 36 PLMD PolyMedica Corporation
Totally 5953 valid queries for the last 4 days on 1066 ticker symbols.
--------------------------------------------------------------------------------
[ Top 20`s - latest month | Monthly Watch | Messageboard | By Sectors | Bookstore ]
Show up to 12346912months in table formatin table and chartin chart only for
(please enter ticker symbols; use spaces to separate up to six ticker symbols.)
Top queries on this site: 1, 2, 3, 4, 5, 6 or 7 days ago; last 2, 3, 4, 5, 6 or 7 days.
@ webboris
Ich will Dich hier nichr belehren,aber das Shorten unte 5$
ist,wenn auch nur bei speziellen Anlegern,durch deren
Broker durchaus möglich,
gruß
massoud
Ich will Dich hier nichr belehren,aber das Shorten unte 5$
ist,wenn auch nur bei speziellen Anlegern,durch deren
Broker durchaus möglich,
gruß
massoud
P.S. Sorry,hab das Posting nicht richtig gelesen.
In dem Du selbst ja schreibst das Du meinst,daß die Aktien
durchaus geshortet werden.
gruß
massoud
In dem Du selbst ja schreibst das Du meinst,daß die Aktien
durchaus geshortet werden.
gruß
massoud
Irgendwas stimmt mit dem Wert nicht, so ein Kursverfall trotz dieser (wahnwitzigen) Empfehlung ist sehr merkwürdig, dadurch wird er allerdings zum absoluten Zockerwert. Wenn er steigt, dann wird er richtig steigen für ein paar Tage. Ich denke, tägliches Einkaufen in 5- bis 10 Tranchen wird sich lohnen. Da der MaxPain bei 5 beginnt, ist auch hier nichts zu prophezeien, aber wer´s mag...
BusinessWire, 06/25/2001 04:16
BP Chooses Metromedia Fiber Network to Design and Manage Its Global Internet Infrastructure
NEW YORK--(BUSINESS WIRE)--June 25, 2001--BP`s Digital Business Operations, a division that hosts all BP web sites, today announced that it has chosen Metromedia Fiber Network`s (MFN) (Nasdaq:MFNX) Internet Solutions business unit to design and manage BP`s global Internet infrastructure, achieving substantial savings in Web hosting costs.
The deal will provide Web hosting services through MFN`s Internet infrastructure managed services, the Site Operations Platform(TM) (SOP), in London in the United Kingdom and Virginia in the USA, giving 24 x 7 reliability and enhancing the overall quality of BP`s Internet infrastructure and customer service.
As part of the agreement, MFN Internet Solutions, a business unit of Metromedia Fiber Network formed from the acquisitions of SiteSmith and AboveNet Communications, will provide usage-based managed services and hardware solutions, ensuring that BP`s site runs on industrial-strength technology.
BP`s Digital Business Operations facilitates external hosting of Web-based applications and sites for all BP business units with services including vendor management, customer service, and process and performance management. As a result, BP required a solution that would give the site guaranteed 100 percent up-time. The company selected MFN because of its international presence and the availability of the Site Operations Platform, a standardized package of technology and services, providing a complete site infrastructure solution with a 100 percent Service Level Agreement. With MFN`s SOP, BP can now securely host all internal business unit applications on a BP hosted web site with guaranteed reliability, service and increased flexibility while creating efficiencies and cost savings.
"This relationship gives us the skills, services and facilities that our customers need right now at the right price," said Len Williamson, Director of Digital Business Operations, BP. "Pricing under the contract with MFN Internet Solutions/SiteSmith reflects significant savings over existing contracts. Before, we were paying higher prices for services that did not meet our customers` needs. Now we have a 24 x 7 contract at the service levels our customers are asking for."
"The aim for all companies with an Internet presence must be to offer customers and internal users the maximum reliability and service, which can sometimes be difficult for companies to maintain internally," said David Winn, president, MFN Internet Solutions Europe. "At MFN Internet Solutions, we have the managed services expertise to give all customers a 100 percent Service Level Agreement, while providing companies of any size with full assurance that their Internet infrastructure is in the safest hands. We are delighted that BP has chosen the Site Operations Platform. It will give them both significant cost savings and the site reliability they need."
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s Web site at www.paix.net. For more information about SiteSmith, visit the company`s Web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the company`s Web site at www.mmfn.com.
This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This also includes such factors as are described from time to time in the SEC reports filed by Metromedia Fiber Network, including the most recently filed Forms S-3, 10-K and 10-Q.
BP Chooses Metromedia Fiber Network to Design and Manage Its Global Internet Infrastructure
NEW YORK--(BUSINESS WIRE)--June 25, 2001--BP`s Digital Business Operations, a division that hosts all BP web sites, today announced that it has chosen Metromedia Fiber Network`s (MFN) (Nasdaq:MFNX) Internet Solutions business unit to design and manage BP`s global Internet infrastructure, achieving substantial savings in Web hosting costs.
The deal will provide Web hosting services through MFN`s Internet infrastructure managed services, the Site Operations Platform(TM) (SOP), in London in the United Kingdom and Virginia in the USA, giving 24 x 7 reliability and enhancing the overall quality of BP`s Internet infrastructure and customer service.
As part of the agreement, MFN Internet Solutions, a business unit of Metromedia Fiber Network formed from the acquisitions of SiteSmith and AboveNet Communications, will provide usage-based managed services and hardware solutions, ensuring that BP`s site runs on industrial-strength technology.
BP`s Digital Business Operations facilitates external hosting of Web-based applications and sites for all BP business units with services including vendor management, customer service, and process and performance management. As a result, BP required a solution that would give the site guaranteed 100 percent up-time. The company selected MFN because of its international presence and the availability of the Site Operations Platform, a standardized package of technology and services, providing a complete site infrastructure solution with a 100 percent Service Level Agreement. With MFN`s SOP, BP can now securely host all internal business unit applications on a BP hosted web site with guaranteed reliability, service and increased flexibility while creating efficiencies and cost savings.
"This relationship gives us the skills, services and facilities that our customers need right now at the right price," said Len Williamson, Director of Digital Business Operations, BP. "Pricing under the contract with MFN Internet Solutions/SiteSmith reflects significant savings over existing contracts. Before, we were paying higher prices for services that did not meet our customers` needs. Now we have a 24 x 7 contract at the service levels our customers are asking for."
"The aim for all companies with an Internet presence must be to offer customers and internal users the maximum reliability and service, which can sometimes be difficult for companies to maintain internally," said David Winn, president, MFN Internet Solutions Europe. "At MFN Internet Solutions, we have the managed services expertise to give all customers a 100 percent Service Level Agreement, while providing companies of any size with full assurance that their Internet infrastructure is in the safest hands. We are delighted that BP has chosen the Site Operations Platform. It will give them both significant cost savings and the site reliability they need."
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s Web site at www.paix.net. For more information about SiteSmith, visit the company`s Web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the company`s Web site at www.mmfn.com.
This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This also includes such factors as are described from time to time in the SEC reports filed by Metromedia Fiber Network, including the most recently filed Forms S-3, 10-K and 10-Q.
Dieser Wert darf in keinem Depot fehlen, Kursziel weiterhin auf 14$
Figuring Out Fiber
June, 26 8:06 AM EST
by Dale Baker back
The recent "glut" of news stories about too much fiber optic cable in the ground and hence the death of the fiber optics industry reminds me of a famous conversation between a US military officer and his North Vietnamese counterpart at the Paris peace talks in the early 1970’s.
The American officer declared to his adversary, "You know, we never lost a battle in Vietnam!"
The Vietnamese officer quietly replied, "True, but that is irrelevant. You lost the war."
Let’s take a look at the basic arguments about fiber:
1) Too much fiber optic cable on long-haul routes compared to the actual voice and data traffic they carry today - TRUE.
2) Putting fiber in the ground (or undersea) is the main focus of the fiber optics industry - FALSE.
3) The "glut" of long-haul fiber installed means very little near-term growth in the fiber optics industry because telecommunications companies will simply use what they already have - FALSE.
Let’s put the fiber optics industry into perspective - something that the reporters at the NY Times and Wall Street Journal could not be bothered to do in their limited column inches.
The fiber optics industry breaks down into four main sections: the fiber itself Corning (NYSE:GLW), Furukawa, Lucent (NYSE:LU), the equipment to "light" the fiber and make it useful to someone Nortel (NYSE:NT), Alcatel (NYSE:ALA), and Ciena (Nasdaq:CIEN) lead in systems, JDS Uniphase (Nasdaq:JDSU) and many others in components, semiconductor makers, test equipment makers, etc.), the companies that offer services over fiber networks Global Crossing (NYSE:GX), Worldcom (Nasdaq:WCOM), regional Bells and utility companies, large international telcos, small startup CLECs, etc.) and finally the end user in a home or office.
Take a look at each dimension of the fiber optics business and you see where there are "gluts" and where there are painful shortages (believe it or not).
FIBER IN THE GROUND - The companies who built today’s fiber optics networks in the 1990’s knew that it doesn’t cost much more to put 50 or 500 strands of fiber in an underground pipe compared to just the handful they would need the next few years. The fixed cost is getting the cable conduit into the ground or under the ocean.
Think about a mass-mail advertising campaign that expects a 2-3% response. Who cares if 97% of the catalogs are thrown away if you generate the business you want from a tiny fraction? Installed fiber is the exactly the same.
The main weakness in recent news stories is not analyzing where the installed fiber base is compared to where people need it. Millions of miles of fiber still need to be laid in metropolitan areas to get fiber optics service to the end user. And emerging markets like China haven’t built their long-haul networks at all. The road may be bumpy but the fiber optics cable industry still has a lot of work to do.
I won’t even go into various grades of fiber and the service they can deliver. Much of the fiber now in the ground will have to be replaced to carry tomorrow’s 40Gbps traffic. The old stuff isn’t clear enough.
EQUIPMENT - Fiber optic cable in the ground is useless unless you can send a pulse of light through the system carrying information and route it to a user somewhere. So if only a few % of the installed fiber base is currently in use, that means the fiber optics equipment suppliers (from systems units down to the component and testing equipment companies) have only sold a small fraction of the equipment we will need for tomorrow’s network.
There is a huge difference between the "capacity" that all the fiber optic cable in the world can carry in theory, and the amount of "lit" fiber that communications companies can put into service when a customer orders a high-speed circuit today. As demand grows, more equipment will be ordered to light more fiber to meet it. Bandwidth prices will drop, just like all new technology products. And cheaper bandwidth will drive demand higher.
SERVICE PROVIDERS - Now we start to see the culprits in the recent fiber optics meltdown. The big service providers like AT&T (NYSE:T), WorldCom (Nasdaq:WCOM), Global Crossing (NYSE:GX), British Telecom (NYSE:BTY), etc. made two crucial mistakes in the past five years. First, they gorged on debt to buy up cable TV networks and 3G wireless licenses and billions of dollars of other assets that are not making any money to service that debt. Second, competition spurred by telecoms deregulation in the US and Europe drove all the providers into a frenzy, from the old guard operators to dozens of new startups, all competing for the same pool of customers. That led to more frenzied network build out financed by debt.
The telco blunders were compounded by the economic slowdown that hit the US economy hard in the first quarter of 2001 and is now spreading to Europe. Near-term network capacity was already overbuilt in anticipation of astronomical growth rates in usage. When new bandwidth orders slowed from corporate users eager to cut their own expenses, the telcos slammed on the brakes and stopped adding any new network projects (though additions that began before the crash are continuing, I am told). The inventory backup in the fiber optics equipment food chain turned into a major train wreck.
END USERS - Here is the biggest paradox in the whole fiber optics universe. People and companies want more bandwidth. They crave it. Make it accessible and affordable and they will snap it up, just like people buy 1Ghz PC’s now when a 66Mhz machine was fast enough five years ago. Ask anyone who has moved from a dial-up ISP to broadband. Ask corporate users what it’s like to leave that T3 at the office and go home to 56K.
They hate it. And once they move up to broadband, baby, they aren’t going back. They will spend more time online, shop more online and start using multimedia applications that eat up HUGE amounts of bandwidth.
But most Internet users in the US don’t have and often can’t get any broadband service (DSL, cable, satellite, etc). Nobody with a wireless Internet device gets decent access speed. Tens of millions of potential broadband users simply aren’t connected.
Of course the big telcos don’t use all the potential fiber capacity yet. They haven’t made broadband access available to their customers in sufficient numbers.
Key point - critics say the demand isn’t there to drive a broadband revolution, but industry advocates can show you that the current infrastructure won’t allow that demand to form due to endless bandwidth bottlenecks in "the last mile" between the fiber optics system backbone and the actual user.
James K. Glassman from TechCentralStation.com put it well in a recent WSJ commentary:
"The agonizingly slow deployment of broadband has stopped the Internet in its tracks. The technology for fast connections is well established, but 19 out of 20 U.S. families are stuck with poky dial-up modems, so it takes them an hour to download a video file that broadband could handle in two minutes."
"By now, if broadband were widespread, Web companies would be offering online sports and movies, zippy online banking, video telephone calls, useful education services and health care. With widespread broadband, Americans would be buying faster, better computers, and telecom firms would be making huge investments in infrastructure. Instead, orders for capital equipment have fallen 13% since last year."
FUTURE SHOCK - All sector cycles come around eventually (except gold, it seems). Fiber optics is no different. Once economic confidence returns, the big telcos master their debt mountains and effective last mile technology (fixed and wireless) reaches a critical mass of users, fiber optics will take off again. It has to.
Humankind has never ignored a useful technology we invented. PC’s became faster and more powerful, now communications will become faster and more powerful.
It’s just going to take a few years longer than many observers expected. To use another famous quote, this time from the US civil rights movement, "Keep your eyes on the prize."
The Next Generation Network is coming.
--------------------------------------------------------------------------------
Dale Baker is the author of the StreetSideInvestor 50% Gains Investing column. He is currently a fund manager for Internet Asset Management in Zurich. At the time of publication he may or may not have owned or controlled positions in the securities mentioned in this column. The information in this column under no circumstances serves as a recommendation to buy or sell stocks.
June, 26 8:06 AM EST
by Dale Baker back
The recent "glut" of news stories about too much fiber optic cable in the ground and hence the death of the fiber optics industry reminds me of a famous conversation between a US military officer and his North Vietnamese counterpart at the Paris peace talks in the early 1970’s.
The American officer declared to his adversary, "You know, we never lost a battle in Vietnam!"
The Vietnamese officer quietly replied, "True, but that is irrelevant. You lost the war."
Let’s take a look at the basic arguments about fiber:
1) Too much fiber optic cable on long-haul routes compared to the actual voice and data traffic they carry today - TRUE.
2) Putting fiber in the ground (or undersea) is the main focus of the fiber optics industry - FALSE.
3) The "glut" of long-haul fiber installed means very little near-term growth in the fiber optics industry because telecommunications companies will simply use what they already have - FALSE.
Let’s put the fiber optics industry into perspective - something that the reporters at the NY Times and Wall Street Journal could not be bothered to do in their limited column inches.
The fiber optics industry breaks down into four main sections: the fiber itself Corning (NYSE:GLW), Furukawa, Lucent (NYSE:LU), the equipment to "light" the fiber and make it useful to someone Nortel (NYSE:NT), Alcatel (NYSE:ALA), and Ciena (Nasdaq:CIEN) lead in systems, JDS Uniphase (Nasdaq:JDSU) and many others in components, semiconductor makers, test equipment makers, etc.), the companies that offer services over fiber networks Global Crossing (NYSE:GX), Worldcom (Nasdaq:WCOM), regional Bells and utility companies, large international telcos, small startup CLECs, etc.) and finally the end user in a home or office.
Take a look at each dimension of the fiber optics business and you see where there are "gluts" and where there are painful shortages (believe it or not).
FIBER IN THE GROUND - The companies who built today’s fiber optics networks in the 1990’s knew that it doesn’t cost much more to put 50 or 500 strands of fiber in an underground pipe compared to just the handful they would need the next few years. The fixed cost is getting the cable conduit into the ground or under the ocean.
Think about a mass-mail advertising campaign that expects a 2-3% response. Who cares if 97% of the catalogs are thrown away if you generate the business you want from a tiny fraction? Installed fiber is the exactly the same.
The main weakness in recent news stories is not analyzing where the installed fiber base is compared to where people need it. Millions of miles of fiber still need to be laid in metropolitan areas to get fiber optics service to the end user. And emerging markets like China haven’t built their long-haul networks at all. The road may be bumpy but the fiber optics cable industry still has a lot of work to do.
I won’t even go into various grades of fiber and the service they can deliver. Much of the fiber now in the ground will have to be replaced to carry tomorrow’s 40Gbps traffic. The old stuff isn’t clear enough.
EQUIPMENT - Fiber optic cable in the ground is useless unless you can send a pulse of light through the system carrying information and route it to a user somewhere. So if only a few % of the installed fiber base is currently in use, that means the fiber optics equipment suppliers (from systems units down to the component and testing equipment companies) have only sold a small fraction of the equipment we will need for tomorrow’s network.
There is a huge difference between the "capacity" that all the fiber optic cable in the world can carry in theory, and the amount of "lit" fiber that communications companies can put into service when a customer orders a high-speed circuit today. As demand grows, more equipment will be ordered to light more fiber to meet it. Bandwidth prices will drop, just like all new technology products. And cheaper bandwidth will drive demand higher.
SERVICE PROVIDERS - Now we start to see the culprits in the recent fiber optics meltdown. The big service providers like AT&T (NYSE:T), WorldCom (Nasdaq:WCOM), Global Crossing (NYSE:GX), British Telecom (NYSE:BTY), etc. made two crucial mistakes in the past five years. First, they gorged on debt to buy up cable TV networks and 3G wireless licenses and billions of dollars of other assets that are not making any money to service that debt. Second, competition spurred by telecoms deregulation in the US and Europe drove all the providers into a frenzy, from the old guard operators to dozens of new startups, all competing for the same pool of customers. That led to more frenzied network build out financed by debt.
The telco blunders were compounded by the economic slowdown that hit the US economy hard in the first quarter of 2001 and is now spreading to Europe. Near-term network capacity was already overbuilt in anticipation of astronomical growth rates in usage. When new bandwidth orders slowed from corporate users eager to cut their own expenses, the telcos slammed on the brakes and stopped adding any new network projects (though additions that began before the crash are continuing, I am told). The inventory backup in the fiber optics equipment food chain turned into a major train wreck.
END USERS - Here is the biggest paradox in the whole fiber optics universe. People and companies want more bandwidth. They crave it. Make it accessible and affordable and they will snap it up, just like people buy 1Ghz PC’s now when a 66Mhz machine was fast enough five years ago. Ask anyone who has moved from a dial-up ISP to broadband. Ask corporate users what it’s like to leave that T3 at the office and go home to 56K.
They hate it. And once they move up to broadband, baby, they aren’t going back. They will spend more time online, shop more online and start using multimedia applications that eat up HUGE amounts of bandwidth.
But most Internet users in the US don’t have and often can’t get any broadband service (DSL, cable, satellite, etc). Nobody with a wireless Internet device gets decent access speed. Tens of millions of potential broadband users simply aren’t connected.
Of course the big telcos don’t use all the potential fiber capacity yet. They haven’t made broadband access available to their customers in sufficient numbers.
Key point - critics say the demand isn’t there to drive a broadband revolution, but industry advocates can show you that the current infrastructure won’t allow that demand to form due to endless bandwidth bottlenecks in "the last mile" between the fiber optics system backbone and the actual user.
James K. Glassman from TechCentralStation.com put it well in a recent WSJ commentary:
"The agonizingly slow deployment of broadband has stopped the Internet in its tracks. The technology for fast connections is well established, but 19 out of 20 U.S. families are stuck with poky dial-up modems, so it takes them an hour to download a video file that broadband could handle in two minutes."
"By now, if broadband were widespread, Web companies would be offering online sports and movies, zippy online banking, video telephone calls, useful education services and health care. With widespread broadband, Americans would be buying faster, better computers, and telecom firms would be making huge investments in infrastructure. Instead, orders for capital equipment have fallen 13% since last year."
FUTURE SHOCK - All sector cycles come around eventually (except gold, it seems). Fiber optics is no different. Once economic confidence returns, the big telcos master their debt mountains and effective last mile technology (fixed and wireless) reaches a critical mass of users, fiber optics will take off again. It has to.
Humankind has never ignored a useful technology we invented. PC’s became faster and more powerful, now communications will become faster and more powerful.
It’s just going to take a few years longer than many observers expected. To use another famous quote, this time from the US civil rights movement, "Keep your eyes on the prize."
The Next Generation Network is coming.
--------------------------------------------------------------------------------
Dale Baker is the author of the StreetSideInvestor 50% Gains Investing column. He is currently a fund manager for Internet Asset Management in Zurich. At the time of publication he may or may not have owned or controlled positions in the securities mentioned in this column. The information in this column under no circumstances serves as a recommendation to buy or sell stocks.
naja:
Metromedia Fiber Network Announces Extension of Commitment Letter for Credit Facility
NEW YORK, Jul 2, 2001 (BUSINESS WIRE) -- Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX), the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, announced today that it received an extension of a commitment letter for a $350 million credit facility from Citicorp, USA.
The commitment letter was extended from June 30, 2001 to July 31, 2001.
The commitment letter from Citicorp, USA is subject to the receipt of commitments from other lenders in the amount of $287.5 million. The Company is continuing to negotiate with other lenders to raise the additional funds for the total $350 million credit facility.
Metromedia Fiber Network Announces Extension of Commitment Letter for Credit Facility
NEW YORK, Jul 2, 2001 (BUSINESS WIRE) -- Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX), the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, announced today that it received an extension of a commitment letter for a $350 million credit facility from Citicorp, USA.
The commitment letter was extended from June 30, 2001 to July 31, 2001.
The commitment letter from Citicorp, USA is subject to the receipt of commitments from other lenders in the amount of $287.5 million. The Company is continuing to negotiate with other lenders to raise the additional funds for the total $350 million credit facility.
Metromedia seeks new lenders to help close loan
By Tally Goldstein in New York
Published: July 2 2001 18:53GMT | Last Updated: July 2 2001 19:08GMT
In a convoluted announcement that had analysts and investors confused on Monday, Metromedia Fiber Network said the deadline for its bank loan has been extended by one month - to July 31 - and that it must still find lenders for more than 80 per cent of the deal.
Citicorp, which is leading the loan, is only committing $62.5m of the $350m deal. When a lead bank is confident a loan will be syndicated, it will underwrite the entire amount and then hold a lesser amount for the long run. But the telecoms sector has fallen out of favour with Wall Street and it would appear Citicorp was concerned it would get stuck holding the bulk of Metormedia`s loan.
This is the second time Citicorp has extended the deadline for New York-based company, which operates a high-speed network that transmits data for telecommunications carriers. Metromedia has enough cash on hand for this year, but needs the loan to fund its business plan thereafter. Citicorp did not return calls by press time.
The company released a statement yesterday that read: "The commitment letter from Citicorp, USA is subject to the receipt of commitments from other lenders in the amount of $287.5m. The Company is continuing to negotiate with other lenders to raise the additional funds for the total $350m credit facility."
One analyst interpreted the statement to mean Metromedia had already secured $287.5m, while another correctly thought it meant just the opposite. A hedge fund investor said he was entirely unsure of what it meant. Even Metromedia`s spokesman had to check with the company before explaining the statement.
"The only thing that`s clear here is that the deal didn`t get done," said Vik Grover, an analyst with Kaufman Bros. Company officials told the spokesman no one would be available for questions. Mr Grover said he thought Verizon was Metromedia`s best hope.
The carrier has already invested $1.6bn in Metromedia and would step up with additional financing before allowing the company to go under, Mr Grover said, explaining that Verizon would lose out to senior investors in a bankruptcy scenario.
Verizon is not currently negotiating with the company about further financing, according to one person familiar with the situation. Verizon declined to comment.
Metromedia has $2.6bn in long-term liabilities and a market capitalisation of only $1.3bn. The company lowered its 2001 revenue target by nearly 12 per cent to $400m-$420m, prompting Moody`s, the ratings agency, to put the company on negative watch for a possible downgrade.
--------------------------------------------------------------------------------
By Tally Goldstein in New York
Published: July 2 2001 18:53GMT | Last Updated: July 2 2001 19:08GMT
In a convoluted announcement that had analysts and investors confused on Monday, Metromedia Fiber Network said the deadline for its bank loan has been extended by one month - to July 31 - and that it must still find lenders for more than 80 per cent of the deal.
Citicorp, which is leading the loan, is only committing $62.5m of the $350m deal. When a lead bank is confident a loan will be syndicated, it will underwrite the entire amount and then hold a lesser amount for the long run. But the telecoms sector has fallen out of favour with Wall Street and it would appear Citicorp was concerned it would get stuck holding the bulk of Metormedia`s loan.
This is the second time Citicorp has extended the deadline for New York-based company, which operates a high-speed network that transmits data for telecommunications carriers. Metromedia has enough cash on hand for this year, but needs the loan to fund its business plan thereafter. Citicorp did not return calls by press time.
The company released a statement yesterday that read: "The commitment letter from Citicorp, USA is subject to the receipt of commitments from other lenders in the amount of $287.5m. The Company is continuing to negotiate with other lenders to raise the additional funds for the total $350m credit facility."
One analyst interpreted the statement to mean Metromedia had already secured $287.5m, while another correctly thought it meant just the opposite. A hedge fund investor said he was entirely unsure of what it meant. Even Metromedia`s spokesman had to check with the company before explaining the statement.
"The only thing that`s clear here is that the deal didn`t get done," said Vik Grover, an analyst with Kaufman Bros. Company officials told the spokesman no one would be available for questions. Mr Grover said he thought Verizon was Metromedia`s best hope.
The carrier has already invested $1.6bn in Metromedia and would step up with additional financing before allowing the company to go under, Mr Grover said, explaining that Verizon would lose out to senior investors in a bankruptcy scenario.
Verizon is not currently negotiating with the company about further financing, according to one person familiar with the situation. Verizon declined to comment.
Metromedia has $2.6bn in long-term liabilities and a market capitalisation of only $1.3bn. The company lowered its 2001 revenue target by nearly 12 per cent to $400m-$420m, prompting Moody`s, the ratings agency, to put the company on negative watch for a possible downgrade.
--------------------------------------------------------------------------------
Könnte mir bitte einer den Inhalt des Textes kurz
wiedergeben.Habe es mit Übersetzung versucht,klappt aber
nicht so richtig.Vielen Dank.fp
wiedergeben.Habe es mit Übersetzung versucht,klappt aber
nicht so richtig.Vielen Dank.fp
in kurzform: die citigroup als konsortialführer einer kreditvergabegruppe verlangt von mfn den nachweis, dass mfn für ca. 287 mio usd darlehensgeber finden muss, um von der citigroup die verhandelten 67 mio. usd zu bekommen. das gesamtpaket von 350 mio. usd wird zum ausbau bzw. finanzierung des glasfasernetzes benötigt. die verlängerung (extension) dieser vereinbarung ist befristet bis zum 31.07.2001. wenn bis dahin keine zusätzlichen geldgeber gefunden werden, ist die citygroup von ihrer kreditzusage befreit.
Metromedia am freitag +-0% !! Nasdaq -4,6%
heute vorbörslich in USA + 3%!!
mal sehen.
heute vorbörslich in USA + 3%!!
mal sehen.
BusinessWire, 07/09/2001 07:33
GFInet, Inc. Chooses Metromedia Fiber Network for Outsourced Internet Infrastructure Managed Services
NEW YORK--(BUSINESS WIRE)--July 9, 2001--
Leading Online Brokerage Service Selects MFN`s Site Operations
Platform To Launch New Online FX Option Trading Service
GFInet, Inc., the hybrid voice and online brokerage service, has selected Metromedia Fiber Network (MFN) (NASDAQ:MFNX) Internet Solutions for outsourced Internet infrastructure managed services. The company has entered into a multi-year agreement to utilize MFN`s Site Operations Platform (SOP) - a comprehensive managed services solution for companies that demand a reliable, scalable, secure Internet site infrastructure for mission-critical applications with a 100 percent up-time Service Level Agreement (SLA) at a fixed monthly fee.
GFInet selected MFN`s SOP to support its online trading and information systems, including the recently launched GFInet FX Option trading system. GFInet is a global broker for wholesale financial, energy and commodity markets, and offers voice and online brokerage services which are integrated with real-time and historical market data, market commentary and analytics. Due to the potential volatility of the global markets that GFInet serves, one second of downtime can translate into missed profit opportunities, or even worse, significant losses for online traders. MFN`s SOP provides GFInet with a reliable, secure and scalable site, enabling the company to handle the large fluctuations in site traffic brought on by ever-changing market conditions. MFN also offers a 100 percent SLA, which demonstrates MFN`s commitment to providing GFInet`s customers with uninterrupted access to content and services.
In addition to providing one of the most comprehensive solutions, another advantage for GFInet is MFN`s flexible approach to managed services. MFN`s SOP meets the needs of companies looking for a complete outsourced solution - hardware, software, co-location, bandwidth and services. However, for companies like GFInet that have already invested in building their own Internet infrastructure, the SOP can be tailored to include their existing hardware while still offering a service with a 100 percent SLA.
"Because our customers rely on us for their FX option trades, it is critical that our site is secure, keeps pace with the fluctuating market and has capacity to handle high volume 24 hours a day, seven days a week," said Russ Lewis, executive vice president and chief information officer of GFInet, Inc. "We chose MFN because they are industry experts. Its SOP meets all of our critical site requirements - reliability, security, scalability and performance." Mr. Lewis also stated that a key factor in the decision to outsource with MFN was that MFN could incorporate GFInet`s existing infrastructure into its SOP. "This is significant because it capitalizes on GFInet`s investment in hardware."
"GFInet, like other successful financial services companies, understands that a solid, scalable, secure Internet site infrastructure is crucial when it comes to serving the financial community," said Mark Spagnolo, president of MFN Internet Solutions. "Traders, especially those who depend heavily on real-time and historical market data, expect their online brokerage service to be reliable and high performing 24x7. We are pleased to help GFInet meet its customers` expectations."
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s Web site at www.paix.net. For more information about SiteSmith, visit the company`s Web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the company`s Web site at www.mmfn.com.
About GFInet
GFInet creates independent online markets where voice and online trade execution are integrated with real time and historical market data, market commentary and FENICS analytics. GFInet offers cash and derivative trading capability for the fixed income, FX, equity, energy, commodity and telecom markets. Market experience and liquidity are provided by GFI Group, a leading global, interdealer broker.
About GFI Group
GFI is among the world`s leading interdealer brokers specialising in wholesale market transactions including derivatives, commodities, currencies and foreign and domestic securities traded among the world`s leading financial institutions and energy concerns. Founded in 1987, the group employs more than 400 people worldwide. Headquartered in New York, the GFI Group services customers worldwide from offices in London, Hong Kong, Tokyo, Singapore and Sydney.
This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This also includes such factors as described from time to time in the SEC filings by Metromedia Fiber Network, including the most recently filed Forms S-3,10-K and 10-Q.
CONTACT: MFN Internet Solutions
Rachel Albert, 408/327-6942
ralbert@sitesmith.com
- or -
Neale-May & Partners
Kavita Pandey, 212/213-5400 x212
kpandey@nealemay.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: NETWORKING INTERNET E-COMMERCE TELECOMMUNICATIONS Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.
GFInet, Inc. Chooses Metromedia Fiber Network for Outsourced Internet Infrastructure Managed Services
NEW YORK--(BUSINESS WIRE)--July 9, 2001--
Leading Online Brokerage Service Selects MFN`s Site Operations
Platform To Launch New Online FX Option Trading Service
GFInet, Inc., the hybrid voice and online brokerage service, has selected Metromedia Fiber Network (MFN) (NASDAQ:MFNX) Internet Solutions for outsourced Internet infrastructure managed services. The company has entered into a multi-year agreement to utilize MFN`s Site Operations Platform (SOP) - a comprehensive managed services solution for companies that demand a reliable, scalable, secure Internet site infrastructure for mission-critical applications with a 100 percent up-time Service Level Agreement (SLA) at a fixed monthly fee.
GFInet selected MFN`s SOP to support its online trading and information systems, including the recently launched GFInet FX Option trading system. GFInet is a global broker for wholesale financial, energy and commodity markets, and offers voice and online brokerage services which are integrated with real-time and historical market data, market commentary and analytics. Due to the potential volatility of the global markets that GFInet serves, one second of downtime can translate into missed profit opportunities, or even worse, significant losses for online traders. MFN`s SOP provides GFInet with a reliable, secure and scalable site, enabling the company to handle the large fluctuations in site traffic brought on by ever-changing market conditions. MFN also offers a 100 percent SLA, which demonstrates MFN`s commitment to providing GFInet`s customers with uninterrupted access to content and services.
In addition to providing one of the most comprehensive solutions, another advantage for GFInet is MFN`s flexible approach to managed services. MFN`s SOP meets the needs of companies looking for a complete outsourced solution - hardware, software, co-location, bandwidth and services. However, for companies like GFInet that have already invested in building their own Internet infrastructure, the SOP can be tailored to include their existing hardware while still offering a service with a 100 percent SLA.
"Because our customers rely on us for their FX option trades, it is critical that our site is secure, keeps pace with the fluctuating market and has capacity to handle high volume 24 hours a day, seven days a week," said Russ Lewis, executive vice president and chief information officer of GFInet, Inc. "We chose MFN because they are industry experts. Its SOP meets all of our critical site requirements - reliability, security, scalability and performance." Mr. Lewis also stated that a key factor in the decision to outsource with MFN was that MFN could incorporate GFInet`s existing infrastructure into its SOP. "This is significant because it capitalizes on GFInet`s investment in hardware."
"GFInet, like other successful financial services companies, understands that a solid, scalable, secure Internet site infrastructure is crucial when it comes to serving the financial community," said Mark Spagnolo, president of MFN Internet Solutions. "Traders, especially those who depend heavily on real-time and historical market data, expect their online brokerage service to be reliable and high performing 24x7. We are pleased to help GFInet meet its customers` expectations."
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s Web site at www.paix.net. For more information about SiteSmith, visit the company`s Web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the company`s Web site at www.mmfn.com.
About GFInet
GFInet creates independent online markets where voice and online trade execution are integrated with real time and historical market data, market commentary and FENICS analytics. GFInet offers cash and derivative trading capability for the fixed income, FX, equity, energy, commodity and telecom markets. Market experience and liquidity are provided by GFI Group, a leading global, interdealer broker.
About GFI Group
GFI is among the world`s leading interdealer brokers specialising in wholesale market transactions including derivatives, commodities, currencies and foreign and domestic securities traded among the world`s leading financial institutions and energy concerns. Founded in 1987, the group employs more than 400 people worldwide. Headquartered in New York, the GFI Group services customers worldwide from offices in London, Hong Kong, Tokyo, Singapore and Sydney.
This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This also includes such factors as described from time to time in the SEC filings by Metromedia Fiber Network, including the most recently filed Forms S-3,10-K and 10-Q.
CONTACT: MFN Internet Solutions
Rachel Albert, 408/327-6942
ralbert@sitesmith.com
- or -
Neale-May & Partners
Kavita Pandey, 212/213-5400 x212
kpandey@nealemay.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: NETWORKING INTERNET E-COMMERCE TELECOMMUNICATIONS Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.
Wie geht es mit Mfnx weiter? Weiß jemand wann die Zahlen kommen und wie die Erwartung ca. ist?
Kann man bei Kursen um 1,60 noch nachkaufen, oder soll
man eher vorsichtig sein?
Danke Fibs!
Kann man bei Kursen um 1,60 noch nachkaufen, oder soll
man eher vorsichtig sein?
Danke Fibs!
bitte schön:
Metromedia Fiber Network (MFNX)
Whisper Number: -$0.32
Earnings Date: 07-30-2001
Consensus Estimate: -$0.34
die restlichen fragen kann ich dir nicht beantworten, mußt du dir einen insider aufzwicken
g gw
Metromedia Fiber Network (MFNX)
Whisper Number: -$0.32
Earnings Date: 07-30-2001
Consensus Estimate: -$0.34
die restlichen fragen kann ich dir nicht beantworten, mußt du dir einen insider aufzwicken
g gw
11.07. 15:30
Weitere Downgrade Lawine
(©BörseGo - http://www.boerse-go.de)
Goldman Sachs stuft weitere Unternehmen ab (siehe vorhergehende Meldung).
Abstufungen von Rec. List auf Market Perform:
Level 3 Comm.
Metromedia Fiber
Equinix
Weitere Downgrade Lawine
(©BörseGo - http://www.boerse-go.de)
Goldman Sachs stuft weitere Unternehmen ab (siehe vorhergehende Meldung).
Abstufungen von Rec. List auf Market Perform:
Level 3 Comm.
Metromedia Fiber
Equinix
ohoh
StorageNetworks Announces Litigation Against Metromedia Fiber
Network Services
Business/Technology Editors
WALTHAM, Mass.--(BUSINESS WIRE)--July 11, 2001--StorageNetworks, Inc. (NASDAQ: STOR), the world`s leading provider of data storage management services, announced today that it has filed suit against Metromedia Fiber Network Services, Inc. (NASDAQ: MFNX) of White Plains, NY.
The suit, filed in Middlesex Superior Court in Massachusetts (Case No. 01-2898), seeks relief for breach of contract, misrepresentation and unfair and deceptive trade practices because Metromedia failed to provide the fiber optic capacity required by a fiber optic lease agreement between the two companies. StorageNetworks seeks a declaratory judgment, partial rescission of its agreement with Metromedia, and damages. StorageNetworks intends to honor its existing fiber lease commitments with Metromedia. The suit relates only to the lease of additional fiber optic capacity.
ggw
StorageNetworks Announces Litigation Against Metromedia Fiber
Network Services
Business/Technology Editors
WALTHAM, Mass.--(BUSINESS WIRE)--July 11, 2001--StorageNetworks, Inc. (NASDAQ: STOR), the world`s leading provider of data storage management services, announced today that it has filed suit against Metromedia Fiber Network Services, Inc. (NASDAQ: MFNX) of White Plains, NY.
The suit, filed in Middlesex Superior Court in Massachusetts (Case No. 01-2898), seeks relief for breach of contract, misrepresentation and unfair and deceptive trade practices because Metromedia failed to provide the fiber optic capacity required by a fiber optic lease agreement between the two companies. StorageNetworks seeks a declaratory judgment, partial rescission of its agreement with Metromedia, and damages. StorageNetworks intends to honor its existing fiber lease commitments with Metromedia. The suit relates only to the lease of additional fiber optic capacity.
ggw
( BW)(NY-METROMEDIA-FIBER)(MFNX) Homegain Chooses Metromedia Fiber Network for Outsourced Internet Infrastructure Managed
Services
Business & Technology Editors
NEW YORK--(BUSINESS WIRE)--July 11, 2001--
MFN`s Site Operations Platform(TM) Enhances HomeGain`s Internet Site Performance and Security for Online Customers
HomeGain, a leading resource for homebuyers, sellers and agents utilizing the Internet, has selected Metromedia Fiber Network`s (MFN) (Nasdaq: MFNX) Internet Solutions
business unit, which was formed from the acquisitions of SiteSmith and AboveNet Communications, for outsourced Internet infrastructure managed services.
HomeGain has entered into a multi-year agreement to utilize MFN`s Site Operations Platform(TM) (SOP) - a comprehensive managed services solution for companies that demand a
reliable, scalable, secure Internet site infrastructure for mission-critical applications with 100 percent up-time Service Level Agreement (SLA) at a fixed monthly fee.
HomeGain selected MFN`s SOP to enhance the robust infrastructure required to run its advanced online applications - HomeValuation, Agent Evaluator, Home Sale Maximizer and
PMI Saver tools - that serve more than 2.4 million consumers and more than 50,000 real estate agents nationwide. HomeGain`s applications are designed to create an innovative and
efficient channel for home sellers and buyers to connect with qualified real estate agents while preserving their privacy and control. MFN`s SOP will provide HomeGain with the reliable,
scalable and secure Internet site infrastructure it requires to uphold its commitment to performance and customer privacy.
MFN`s flexible approach to managed services was a key factor in HomeGain`s decision to select MFN`s SOP. While the SOP offers a complete outsourced solution including
hardware, software, co-location, bandwidth and services, it is also flexible enough to meet the needs of companies like HomeGain that have already invested in Internet infrastructure.
MFN will integrate HomeGain`s existing equipment into its comprehensive and cost effective solution to create a high performing Internet site with MFN`s 100 percent uptime SLA.
Additionally, with the SOP, HomeGain can add bandwidth and services automatically as it grows.
"HomeGain`s decision to select MFN for outsourced Internet infrastructure services was an easy one," said Georgianne Rogers, vice president of engineering for HomeGain. "MFN`s
premium infrastructure technology and services combined with the Company`s strong commitment to customer service gives us the confidence that our site will perform smoothly and
efficiently."
"As a company whose content and services are constantly incorporating and adapting to real-time market data, HomeGain recognizes that its Internet site infrastructure can literally
make or break its business," said Mark Spagnolo, president of MFN Internet Solutions. "MFN`s Site Operations Platform will provide HomeGain with the solid infrastructure it needs to
support a high performing Internet site 24 hours a day, seven days a week."
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the
fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and
redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the
architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure
managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company
offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses
open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s Web site
at www.paix.net. For more information about SiteSmith, visit the company`s Web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the
company`s Web site at www.mmfn.com.
This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are
not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This
also includes such factors as described from time to time in the SEC filings by Metromedia Fiber Network, including the most recently filed Forms S-3, 10-K and 10-Q.
--30--ck/ny*
CONTACT: MFN Internet Services
Media:
Rachel Albert, 408/327-6942
ralbert@sitesmith.com
or
Neale-May & Partners
Kavita Pandey, 212/213-5400 x212
kpandey@nealemay.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET NETWORKING
REAL ESTATE
Services
Business & Technology Editors
NEW YORK--(BUSINESS WIRE)--July 11, 2001--
MFN`s Site Operations Platform(TM) Enhances HomeGain`s Internet Site Performance and Security for Online Customers
HomeGain, a leading resource for homebuyers, sellers and agents utilizing the Internet, has selected Metromedia Fiber Network`s (MFN) (Nasdaq: MFNX) Internet Solutions
business unit, which was formed from the acquisitions of SiteSmith and AboveNet Communications, for outsourced Internet infrastructure managed services.
HomeGain has entered into a multi-year agreement to utilize MFN`s Site Operations Platform(TM) (SOP) - a comprehensive managed services solution for companies that demand a
reliable, scalable, secure Internet site infrastructure for mission-critical applications with 100 percent up-time Service Level Agreement (SLA) at a fixed monthly fee.
HomeGain selected MFN`s SOP to enhance the robust infrastructure required to run its advanced online applications - HomeValuation, Agent Evaluator, Home Sale Maximizer and
PMI Saver tools - that serve more than 2.4 million consumers and more than 50,000 real estate agents nationwide. HomeGain`s applications are designed to create an innovative and
efficient channel for home sellers and buyers to connect with qualified real estate agents while preserving their privacy and control. MFN`s SOP will provide HomeGain with the reliable,
scalable and secure Internet site infrastructure it requires to uphold its commitment to performance and customer privacy.
MFN`s flexible approach to managed services was a key factor in HomeGain`s decision to select MFN`s SOP. While the SOP offers a complete outsourced solution including
hardware, software, co-location, bandwidth and services, it is also flexible enough to meet the needs of companies like HomeGain that have already invested in Internet infrastructure.
MFN will integrate HomeGain`s existing equipment into its comprehensive and cost effective solution to create a high performing Internet site with MFN`s 100 percent uptime SLA.
Additionally, with the SOP, HomeGain can add bandwidth and services automatically as it grows.
"HomeGain`s decision to select MFN for outsourced Internet infrastructure services was an easy one," said Georgianne Rogers, vice president of engineering for HomeGain. "MFN`s
premium infrastructure technology and services combined with the Company`s strong commitment to customer service gives us the confidence that our site will perform smoothly and
efficiently."
"As a company whose content and services are constantly incorporating and adapting to real-time market data, HomeGain recognizes that its Internet site infrastructure can literally
make or break its business," said Mark Spagnolo, president of MFN Internet Solutions. "MFN`s Site Operations Platform will provide HomeGain with the solid infrastructure it needs to
support a high performing Internet site 24 hours a day, seven days a week."
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of global optical IP infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the
fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and
redefining the way broadband capacity is sold.
MFN`s optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the
architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure
managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company
offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses
open peering and "best exit" technology to deliver fast, scalable and reliable connections to the Internet, and improves the Internet experience for end-users.
For more information on AboveNet and its service offering visit the company`s Web site at www.above.net. For more information about PAIX.net, Inc., visit the company`s Web site
at www.paix.net. For more information about SiteSmith, visit the company`s Web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the
company`s Web site at www.mmfn.com.
This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are
not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company`s control. This
also includes such factors as described from time to time in the SEC filings by Metromedia Fiber Network, including the most recently filed Forms S-3, 10-K and 10-Q.
--30--ck/ny*
CONTACT: MFN Internet Services
Media:
Rachel Albert, 408/327-6942
ralbert@sitesmith.com
or
Neale-May & Partners
Kavita Pandey, 212/213-5400 x212
kpandey@nealemay.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET NETWORKING
REAL ESTATE
neues 150 wochen tief: 1,20
hier stinkt doch was, oder?
g gw
hier stinkt doch was, oder?
g gw
@gewinnwarner
Greife nie in ein fallendes Messer !
Diesen Wert kann man wirklich bedenkenlos shorten, alles andere wäre Harakiri.
Wenn es so weitergeht, ist es am Monatsende ein Pennystock.
Als solcher blüht ihm das Delisting, was dem Kurs auch nicht sonderlich
nach oben helfen wird.
Merke: Im Kurs sind immer die akutellsten News enthalten. Alles andere
ist nach dem Motto "Papier ist geduldig" zu sehen.
Diese Firma wird IMHO nicht überleben, daher Finger weg !
glaube eher daß der kurs übernahmereif gemacht wird.
fallen lassen bis 0,75, übernahmenangebot zu 1,25
und zum abschied sagen wir dann ganz leise strong bye bye.
g gw
fallen lassen bis 0,75, übernahmenangebot zu 1,25
und zum abschied sagen wir dann ganz leise strong bye bye.
g gw
NEW YORK, Jul 23, 2001 /PRNewswire via COMTEX/ -- Ladenburg Thalmann & Co.
Inc.`s High Yield Division initiated coverage of Metromedia Fiber Network`s
(Nasdaq: MFNX) high-yield debt with a STRONG BUY recommendation on July 17,
2001.
MFNX has two 10% senior note issues maturing in 2008 ($650MM) and 2009 ($750MM).
Both issues are rated B2/B+ and are on the downward rating revision lists of
Moody`s and S&P.
Based in the New York metropolitan area, Metromedia Fiber Network is a leading
non-carrier provider of metropolitan area fiber. Through its AboveNet and
SiteSmith subsidiaries, MFNX is also engaged in connectivity, complex hosting,
co-location and managed network services.
Inc.`s High Yield Division initiated coverage of Metromedia Fiber Network`s
(Nasdaq: MFNX) high-yield debt with a STRONG BUY recommendation on July 17,
2001.
MFNX has two 10% senior note issues maturing in 2008 ($650MM) and 2009 ($750MM).
Both issues are rated B2/B+ and are on the downward rating revision lists of
Moody`s and S&P.
Based in the New York metropolitan area, Metromedia Fiber Network is a leading
non-carrier provider of metropolitan area fiber. Through its AboveNet and
SiteSmith subsidiaries, MFNX is also engaged in connectivity, complex hosting,
co-location and managed network services.
so, geschafft der erste und einzige nas100 wert unter 1.
eine traurige karriere.
irgendwie hab ich das gefühl ich weis irgendwas nicht,
warum ist denn das papier so verdammt schwach??
g gw
eine traurige karriere.
irgendwie hab ich das gefühl ich weis irgendwas nicht,
warum ist denn das papier so verdammt schwach??
g gw
>" Wenn es so weitergeht, ist es am Monatsende ein Pennystock. "
Meine Prophezeiung vom 13.7. wurde leider schon am 25.7. Wirklichkeit.
Jetzt beschleicht mich so eine leise Ahnung, daß einige andere aus
der Fiberoptics-Branche auch noch ins Gras beißen werden müssen.
==> das ist allerdings für die Überlebenden dann umso besser.
Meine Prophezeiung vom 13.7. wurde leider schon am 25.7. Wirklichkeit.
Jetzt beschleicht mich so eine leise Ahnung, daß einige andere aus
der Fiberoptics-Branche auch noch ins Gras beißen werden müssen.
==> das ist allerdings für die Überlebenden dann umso besser.
ich werd das gefühl nicht los daß da was faul ist.
das höchstmerkwürdige junkbond "strongbuy" von ladenburg hat mir überhaupt nicht gefallen. sowas sieht man doch sonst kaum. ob sie noch schauen möglichst viele bonds an den (dummen) mann zu bringen?
gruß gw
das höchstmerkwürdige junkbond "strongbuy" von ladenburg hat mir überhaupt nicht gefallen. sowas sieht man doch sonst kaum. ob sie noch schauen möglichst viele bonds an den (dummen) mann zu bringen?
gruß gw
4:00pm 07/25/01 SSB `regrettably` downgrades Metromedia (MFNX) By Tomi Kilgore
Analyst Jack Grubman at Salomon Smith Barney said he was "regrettably" downgrading the shares of Metromedia Fiber Network (MFNX) to "neutral" from "buy," as the expiration of a $350 million commitment letter approaches. Grubman noted the expiration, on July 31, was already extended by a month. The stock is falling 18 cents, or 18 percent, to 80 cents on volume of 22.6 million shares. The stock hit a 52-week low of 77 cents in intraday trading, compared to its 52-week high of $40.19. "If Metromedia ends up being a casualty of the telecom carnage, it will be one that doesn`t deserve to be one, given its set of assest and core competencies," Grubman said in a note to clients.
Analyst Jack Grubman at Salomon Smith Barney said he was "regrettably" downgrading the shares of Metromedia Fiber Network (MFNX) to "neutral" from "buy," as the expiration of a $350 million commitment letter approaches. Grubman noted the expiration, on July 31, was already extended by a month. The stock is falling 18 cents, or 18 percent, to 80 cents on volume of 22.6 million shares. The stock hit a 52-week low of 77 cents in intraday trading, compared to its 52-week high of $40.19. "If Metromedia ends up being a casualty of the telecom carnage, it will be one that doesn`t deserve to be one, given its set of assest and core competencies," Grubman said in a note to clients.
Könnte mir bitte jemand kurz die letzte Meldung sachlich
wiedergeben.Mein English ist leider ziemlich schlecht,und mein Übersetzungsprogramm läßt daraus keinen Sinn erkennen.
Vielen Dank,falls sich jemand die Mühe machen sollte.fp
wiedergeben.Mein English ist leider ziemlich schlecht,und mein Übersetzungsprogramm läßt daraus keinen Sinn erkennen.
Vielen Dank,falls sich jemand die Mühe machen sollte.fp
fpoppe: grubman bedauert, mfnx auf neutral bewerten zu müssen (stecken wohl selbst mit viel geld drin).
grund ist der kommende verfallstag der verplichtungserklärung der citiebank(31.07.2001), die schon einmal um einen monat verlängert wurde.
sollte mfnx als opfer des telekomgemetzels enden, würde es (aus seiner sicht) eine firma treffen, die es nicht verdient hätte, wenn man die aktivposten und die kernkompetenz berücksichtigt...
b.
grund ist der kommende verfallstag der verplichtungserklärung der citiebank(31.07.2001), die schon einmal um einen monat verlängert wurde.
sollte mfnx als opfer des telekomgemetzels enden, würde es (aus seiner sicht) eine firma treffen, die es nicht verdient hätte, wenn man die aktivposten und die kernkompetenz berücksichtigt...
b.
An baissist:Vielen Dank.Gruß fp
Da es bis zum 31.7.01 nicht mehr lange hin ist.Frage?
Man hört garnichts ob man sich darum bemüht hat dieses
Problem zu beheben.Und normalerweise müßte es doch eine Firma geben die diese dann übernimmt.
Man hört garnichts ob man sich darum bemüht hat dieses
Problem zu beheben.Und normalerweise müßte es doch eine Firma geben die diese dann übernimmt.
in den yahooboards werden div. möglichkeiten diskutiert.
hier eine auswahl:
1. mfnx wird von einer anderen firma übernommen
2. mfnx wird privatisiert
3. mfnx meldet konkurs an
4. mfnx pokert um günstige zinsen
5. schuld haben die analysten und marketmakers und es geht wieder aufwärts.
für 1. spricht der enorme kapitalbedarf zur deckung der vorhandenen schulden (vrsn ist im gespräch sowie qwest)
für 2. spricht, da im board of directors vier der reichsten männer amerikas sitzen. (kluge, tanzi, rockefeller, garofalo)
für 3. spricht eine für mich recht undurchsichtige schutzmaßnahme einer firma, sich von altlasten (zu denen sich dann auch alle aktinäre zählen dürfen) zu trennen
für 4. spricht die aussage von greenspan, die zinsen weiter zu senken, falls erforderlich. damit würden zinslasten billiger und cashflow erhöht
für 5. spricht das den amerikanern liebgewonnene spiel des hedgings und shorten, das langsam unkalkulierbar wird.
eine übernahme wie in 1. geschildert kann aber nur mit zustimmung der in 2. genannten personen erfolgen, da diese über class b aktien die stimmmehrheit besitzen. die allgemeinen class a aktien sind grob mit unseren vorzugsaktien zu vergleichen.
meiner meinung nach ist absolut alles möglich. der 31.07. muß nicht das ende bedeuten, da noch genügend liquide mittel zur verfügung szehen, die firma über monate weiter zu führen. nur irgendwann brauchen sie neues geld zur fertigstellung des im bau befindlichen netzes.
die vorhandenen leasingverträge mit partnern sichern regelmäßige revenues und es werden weitere dazukommen. jedoch ist der verschuldungsgrad abartig hoch und wird wohl durch den wert der verlegten leitungen gedeckt.
es ist ein extrem riskantes investment z.z., doch wenn, ich betone wenn, die restfinanzierung zustandekommt, wird der kurs explodieren. der bedarf an darkfiber ist vorhanden und läßt sich heute nicht mehr so einfach verlegen, weil viele städte es ablehnen, ihre strassen immer wieder aufreissen zu lassen. insofern kommt dem verlegten netz eine besondere monopolartige stellung zu.
b.
hier eine auswahl:
1. mfnx wird von einer anderen firma übernommen
2. mfnx wird privatisiert
3. mfnx meldet konkurs an
4. mfnx pokert um günstige zinsen
5. schuld haben die analysten und marketmakers und es geht wieder aufwärts.
für 1. spricht der enorme kapitalbedarf zur deckung der vorhandenen schulden (vrsn ist im gespräch sowie qwest)
für 2. spricht, da im board of directors vier der reichsten männer amerikas sitzen. (kluge, tanzi, rockefeller, garofalo)
für 3. spricht eine für mich recht undurchsichtige schutzmaßnahme einer firma, sich von altlasten (zu denen sich dann auch alle aktinäre zählen dürfen) zu trennen
für 4. spricht die aussage von greenspan, die zinsen weiter zu senken, falls erforderlich. damit würden zinslasten billiger und cashflow erhöht
für 5. spricht das den amerikanern liebgewonnene spiel des hedgings und shorten, das langsam unkalkulierbar wird.
eine übernahme wie in 1. geschildert kann aber nur mit zustimmung der in 2. genannten personen erfolgen, da diese über class b aktien die stimmmehrheit besitzen. die allgemeinen class a aktien sind grob mit unseren vorzugsaktien zu vergleichen.
meiner meinung nach ist absolut alles möglich. der 31.07. muß nicht das ende bedeuten, da noch genügend liquide mittel zur verfügung szehen, die firma über monate weiter zu führen. nur irgendwann brauchen sie neues geld zur fertigstellung des im bau befindlichen netzes.
die vorhandenen leasingverträge mit partnern sichern regelmäßige revenues und es werden weitere dazukommen. jedoch ist der verschuldungsgrad abartig hoch und wird wohl durch den wert der verlegten leitungen gedeckt.
es ist ein extrem riskantes investment z.z., doch wenn, ich betone wenn, die restfinanzierung zustandekommt, wird der kurs explodieren. der bedarf an darkfiber ist vorhanden und läßt sich heute nicht mehr so einfach verlegen, weil viele städte es ablehnen, ihre strassen immer wieder aufreissen zu lassen. insofern kommt dem verlegten netz eine besondere monopolartige stellung zu.
b.
@baissist
Ein absolut überragender Beitrag von Dir!
Viel besser hätte man das nicht zusammenfassen können!
Großes Lob.
Die absolut heißeste Spekulation im Moment ist für mich Metromedia.
cu Webbie
Ein absolut überragender Beitrag von Dir!
Viel besser hätte man das nicht zusammenfassen können!
Großes Lob.
Die absolut heißeste Spekulation im Moment ist für mich Metromedia.
cu Webbie
zu pkt. 1. meines beitrags eine korrektur: die unternehmen die an einer übernahme von mfnx im gespräch sind, sind worldcom(wcom) und verizon (vz). letztere hat schon mehr als 1,4 milliarden in mfnx investiert.
b.
b.
weiter im trauerspiel:
*********************************
This is one company where I see demand for their physical assets," Robinson says. "And I think that somebody smart`s going to cut a real deal here."
*********************************
TheStreet.com - Silicon Valley
Cash-Short Metromedia Finally Exhausts a Top Analyst`s Patience
The stock peaked 16 months ago, but Salomon`s Jack Grubman waited till Wednesday to change his buy rating.
By George Mannes
Senior Writer
There`s shutting the gate after the horse has bolted. And then there`s shutting the gate after the horse has bolted and broken its leg.
ADVERTISEMENT
That may be the best way to characterize the downgrade that Salomon Smith Barney analyst and telecom industry phenomenon Jack Grubman issued for Metromedia Fiber Network (Nasdaq: MFNX - news) Wednesday.
Grubman`s reluctant revision from buy to neutral comes long after many less wishful thinkers have given up on Metromedia, which operates fiber networks in major cities. The company, which Salomon brought public in October 1997, saw its shares plunge to 98 cents on Tuesday night from a 52-week high of $43, marking their first close below Nasdaq`s $1 delisting limbo bar. (Stocks must typically trade below $1 for a month at a time before the Nasdaq will start delisting proceedings.) On Wednesday, Metromedia stumbled a further 19 cents to close at 79 cents.
With the brokerage industry increasingly under fire from investors and regulators who question the independence of sell-side analysts, the timing of the downgrade is bound to raise eyebrows. And Grubman has been criticized in the past for appearing to fashion ratings to please possible investment banking clients. Grubman didn`t respond to a request for comment.
Regrets, I`ve Had a Few
Grubman`s move comes just days before the July 31 expiration of a commitment letter that the cash-burning Metromedia has in hand for a $350 million credit facility. That commitment letter, from Citigroup (NYSE: C - news) unit Citicorp USA , is contingent on Metromedia`s finding banks to cover the $287.5 million out of the $350 million that Citicorp remains noncommittal about.
Unfortunately for Metromedia -- but understandable given the allergic reaction that investors have toward telecom service providers this summer -- there`s no sign that any volunteers are stepping forward. They certainly had plenty of time; the July 31 deadline is a one-month extension past the original expiration date of Citicorp`s promise.
"We are regrettably downgrading MFNX," Grubman wrote in a Wednesday morning note, citing the approaching expiration of the $350 million commitment. Separately, he wrote that the company needed perhaps as much as $500 million to be "safely fully funded."
Grubman had long had high hopes for Metromedia. He initiated coverage on the company a month after its IPO, putting a split-adjusted target of $1.69 to $1.88 on the stock; at the time it was trading at a split-adjusted $1.08.
Grubman`s expectations, and those of others on Wall Street, were met and then some. Metromedia closed as high as a split-adjusted $50.56 in March 2000, driven by expectations of explosive demand for the high-capacity fiber data networks it was planning to build out in more than 60 cities in the U.S. and Europe. Though the cost of building out the network was going to be expensive, investors` confidence was somewhat bolstered by the presence of controlling shareholder John Kluge, who`d made billions in the past by borrowing big to build a broadcasting and cellular-telephone empire.
All Dried Up
But starting earlier this year, the company started feeling the fallout from the weakening economy and the Internet implosion -- for example, when customer Winstar Communications filed for bankruptcy. In mid-June, Metromedia guided down expectations for the second half of the year. To some degree, it`s arguable that Metromedia`s problems come mostly from investor perception: Analysts say the company`s urban markets don`t suffer from the capacity glut characterizing the long-haul fiber market. And they say the revenue shortfall doesn`t principally stem from its fiber business.
Meanwhile, Grubman has stayed bullish. In March, writing about the company`s fourth-quarter 2000 results, he concluded, "MFN is uniquely positioned to capture growth in this industry. ... We believe that MFN is truly becoming one of the core companies in the entire IP/infrastructure space." He repeated those comments after the first quarter`s results arrived in late April.
It is unclear whether Grubman`s evident hope, until now, that the $350 million would come through had anything to do with Salomon`s life under the same corporate red umbrella as the prospective lender.
In the past, though, the well-compensated Grubman has drawn fire for being especially bullish when there were huge investment banking fees at stake. In November 1999, he altered his bearish stance on AT&T (NYSE: T - news) just as Salomon was competing to be an underwriter of its AT&T Wireless (NYSE: AWE - news) tracking stock IPO. Salomon got the business, AT&T`s stock slid, and in late 2000, he downgraded his vintage 1999 buy.
Born to Run?
Of course, it`s not as if close economic ties are the only motivations for keeping a bullish outlook on a falling stock. Robertson Stephens has a buy on Metromedia, but it hasn`t done underwriting for the company. Analyst Jim Friedland declined to comment on the stock and his rating.
It could just be that people like the company, as does Cary Robinson, senior analyst at U.S. Bancorp Piper Jaffray, another nonunderwriter. Robinson, in fact, has a strong buy on Metromedia. Even if Metromedia fails to get the credit line, "it`s not over," he says. "They have enough money to make it through the end of the year. And beyond."
And Robinson believes someone will understand Metromedia`s value isn`t diminished by current economic conditions and perceptions. "This is one company where I see demand for their physical assets," Robinson says. "And I think that somebody smart`s going to cut a real deal here."
With Grubman having abandoned the ship, Robinson`s aware that he`s among a thinning crowd of believers. But he`s not deterred. "I know we`re out on the edge," he says. But, he adds, "from 80 cents, it doesn`t take much to get this thing to run."
*********************************
This is one company where I see demand for their physical assets," Robinson says. "And I think that somebody smart`s going to cut a real deal here."
*********************************
TheStreet.com - Silicon Valley
Cash-Short Metromedia Finally Exhausts a Top Analyst`s Patience
The stock peaked 16 months ago, but Salomon`s Jack Grubman waited till Wednesday to change his buy rating.
By George Mannes
Senior Writer
There`s shutting the gate after the horse has bolted. And then there`s shutting the gate after the horse has bolted and broken its leg.
ADVERTISEMENT
That may be the best way to characterize the downgrade that Salomon Smith Barney analyst and telecom industry phenomenon Jack Grubman issued for Metromedia Fiber Network (Nasdaq: MFNX - news) Wednesday.
Grubman`s reluctant revision from buy to neutral comes long after many less wishful thinkers have given up on Metromedia, which operates fiber networks in major cities. The company, which Salomon brought public in October 1997, saw its shares plunge to 98 cents on Tuesday night from a 52-week high of $43, marking their first close below Nasdaq`s $1 delisting limbo bar. (Stocks must typically trade below $1 for a month at a time before the Nasdaq will start delisting proceedings.) On Wednesday, Metromedia stumbled a further 19 cents to close at 79 cents.
With the brokerage industry increasingly under fire from investors and regulators who question the independence of sell-side analysts, the timing of the downgrade is bound to raise eyebrows. And Grubman has been criticized in the past for appearing to fashion ratings to please possible investment banking clients. Grubman didn`t respond to a request for comment.
Regrets, I`ve Had a Few
Grubman`s move comes just days before the July 31 expiration of a commitment letter that the cash-burning Metromedia has in hand for a $350 million credit facility. That commitment letter, from Citigroup (NYSE: C - news) unit Citicorp USA , is contingent on Metromedia`s finding banks to cover the $287.5 million out of the $350 million that Citicorp remains noncommittal about.
Unfortunately for Metromedia -- but understandable given the allergic reaction that investors have toward telecom service providers this summer -- there`s no sign that any volunteers are stepping forward. They certainly had plenty of time; the July 31 deadline is a one-month extension past the original expiration date of Citicorp`s promise.
"We are regrettably downgrading MFNX," Grubman wrote in a Wednesday morning note, citing the approaching expiration of the $350 million commitment. Separately, he wrote that the company needed perhaps as much as $500 million to be "safely fully funded."
Grubman had long had high hopes for Metromedia. He initiated coverage on the company a month after its IPO, putting a split-adjusted target of $1.69 to $1.88 on the stock; at the time it was trading at a split-adjusted $1.08.
Grubman`s expectations, and those of others on Wall Street, were met and then some. Metromedia closed as high as a split-adjusted $50.56 in March 2000, driven by expectations of explosive demand for the high-capacity fiber data networks it was planning to build out in more than 60 cities in the U.S. and Europe. Though the cost of building out the network was going to be expensive, investors` confidence was somewhat bolstered by the presence of controlling shareholder John Kluge, who`d made billions in the past by borrowing big to build a broadcasting and cellular-telephone empire.
All Dried Up
But starting earlier this year, the company started feeling the fallout from the weakening economy and the Internet implosion -- for example, when customer Winstar Communications filed for bankruptcy. In mid-June, Metromedia guided down expectations for the second half of the year. To some degree, it`s arguable that Metromedia`s problems come mostly from investor perception: Analysts say the company`s urban markets don`t suffer from the capacity glut characterizing the long-haul fiber market. And they say the revenue shortfall doesn`t principally stem from its fiber business.
Meanwhile, Grubman has stayed bullish. In March, writing about the company`s fourth-quarter 2000 results, he concluded, "MFN is uniquely positioned to capture growth in this industry. ... We believe that MFN is truly becoming one of the core companies in the entire IP/infrastructure space." He repeated those comments after the first quarter`s results arrived in late April.
It is unclear whether Grubman`s evident hope, until now, that the $350 million would come through had anything to do with Salomon`s life under the same corporate red umbrella as the prospective lender.
In the past, though, the well-compensated Grubman has drawn fire for being especially bullish when there were huge investment banking fees at stake. In November 1999, he altered his bearish stance on AT&T (NYSE: T - news) just as Salomon was competing to be an underwriter of its AT&T Wireless (NYSE: AWE - news) tracking stock IPO. Salomon got the business, AT&T`s stock slid, and in late 2000, he downgraded his vintage 1999 buy.
Born to Run?
Of course, it`s not as if close economic ties are the only motivations for keeping a bullish outlook on a falling stock. Robertson Stephens has a buy on Metromedia, but it hasn`t done underwriting for the company. Analyst Jim Friedland declined to comment on the stock and his rating.
It could just be that people like the company, as does Cary Robinson, senior analyst at U.S. Bancorp Piper Jaffray, another nonunderwriter. Robinson, in fact, has a strong buy on Metromedia. Even if Metromedia fails to get the credit line, "it`s not over," he says. "They have enough money to make it through the end of the year. And beyond."
And Robinson believes someone will understand Metromedia`s value isn`t diminished by current economic conditions and perceptions. "This is one company where I see demand for their physical assets," Robinson says. "And I think that somebody smart`s going to cut a real deal here."
With Grubman having abandoned the ship, Robinson`s aware that he`s among a thinning crowd of believers. But he`s not deterred. "I know we`re out on the edge," he says. But, he adds, "from 80 cents, it doesn`t take much to get this thing to run."
Kann jemand bitte in Deutsch übersetzen,vielen Dank
klingt nicht gut:
Dow Jones Newswires
NEW YORK -- July 31 is a big day for Verizon Communications.
It is the day the company is slated to release second-quarter earnings. But more importantly, it is a major funding deadline for a company in which Verizon has invested lot of money.
Verizon (VZ) stands to lose as much as $1.3 billion, or 22% of its investment portfolio, if telecommunications startup Metromedia Fiber Network Inc. (MFNX) files for bankruptcy. The company might take one step toward that fate if it is unable to come up with $287 million by July 31. A $350 million credit facility hinges on that deadline.
In March 2000, Verizon invested $1.7 billion in Metromedia, a company based in White Plains, N.Y., that builds local fiber networks in metropolitan areas. The investment consisted of $975.3 million in convertible bonds and $715.4 million in common stock.
Verizon said it has already written off about 20% of its Metromedia investment. As it became less and less plausible that Metromedia shares would exceed the $17 conversion price for long, Verizon took charges to earnings amounting to $356 million for its convertible-bond investment. According to a company spokesman, those charges were recorded in last year`s fourth quarter and this year`s first quarter.
In its fourth-quarter report, Verizon took down much of the carrying value of its remaining Metromedia investment, but characterized the losses as temporary and therefore not worthy of a charge to earnings. However, an imminent deadline for Metromedia may eventually force Verizon to move those losses from its balance sheet to its income statement.
Metromedia must raise $287.5 million from other lenders in order to secure a $ 350 million credit facility from Salomon Smith Barney, which extended the deadline twice from May 15. Salomon`s telecommunications analyst, for one, seems less than optimistic that Metromedia will raise the necessary funds in the next few days. Salomon downgraded Metromedia to neutral from buy Wednesday, citing the approaching deadline and the uncertainty surrounding funding.
Without the credit facility, Metromedia doesn`t seem to have the funds to carry it very far. As of March 31, Metromedia had $453 million in cash and equivalents, down from $1.2 billion at the end of 2000. The company said in its first-quarter report that the combination of available cash, the pending facility with Salomon and vendor financing would fund its operations through March of 2002. However, the prospects for the credit facility seem to be dimming.
A spokeswoman for Metromedia said the company is "working on" raising the funds needed for the credit facility, but declined to comment on the possibility of another extension. She declined to comment on how much is available in vendor financing.
As of March 31, Verizon had $715 million in Metromedia shares and $619 million in convertible notes, or a total of $1.3 billion, according to the company`s quarterly report.
Verizon took down the carrying value of of its equity investment to $280 million and that of its convertible investment to $558 million at the end of the first quarter. However, the investment losses, which combined were $496 million, were classified as "temporary" in the quarterly report and therefore didn`t affect earnings.
Verizon noted in the report that it may charge those losses to earnings as a result of "persistent" declines in Metromedia`s stock or other "economic and company-specific factors."
A spokesman for Verizon declined to say if the company expects to record further charges on its Metromedia investments. He also declined to say if Verizon plans to provide Metromedia with further funding.
Recently, Metromedia`s corporate bonds were quoted at 28 cents to 29 cents on the dollar. Since Metromedia`s corporate bondholders would be paid before its convertible bondholders in the event of a bankruptcy, the bond prices indicate that Verizon stands to lose between 72% and 100% of its convertible investment, not to mention all of its equity investment.
Dow Jones Newswires
NEW YORK -- July 31 is a big day for Verizon Communications.
It is the day the company is slated to release second-quarter earnings. But more importantly, it is a major funding deadline for a company in which Verizon has invested lot of money.
Verizon (VZ) stands to lose as much as $1.3 billion, or 22% of its investment portfolio, if telecommunications startup Metromedia Fiber Network Inc. (MFNX) files for bankruptcy. The company might take one step toward that fate if it is unable to come up with $287 million by July 31. A $350 million credit facility hinges on that deadline.
In March 2000, Verizon invested $1.7 billion in Metromedia, a company based in White Plains, N.Y., that builds local fiber networks in metropolitan areas. The investment consisted of $975.3 million in convertible bonds and $715.4 million in common stock.
Verizon said it has already written off about 20% of its Metromedia investment. As it became less and less plausible that Metromedia shares would exceed the $17 conversion price for long, Verizon took charges to earnings amounting to $356 million for its convertible-bond investment. According to a company spokesman, those charges were recorded in last year`s fourth quarter and this year`s first quarter.
In its fourth-quarter report, Verizon took down much of the carrying value of its remaining Metromedia investment, but characterized the losses as temporary and therefore not worthy of a charge to earnings. However, an imminent deadline for Metromedia may eventually force Verizon to move those losses from its balance sheet to its income statement.
Metromedia must raise $287.5 million from other lenders in order to secure a $ 350 million credit facility from Salomon Smith Barney, which extended the deadline twice from May 15. Salomon`s telecommunications analyst, for one, seems less than optimistic that Metromedia will raise the necessary funds in the next few days. Salomon downgraded Metromedia to neutral from buy Wednesday, citing the approaching deadline and the uncertainty surrounding funding.
Without the credit facility, Metromedia doesn`t seem to have the funds to carry it very far. As of March 31, Metromedia had $453 million in cash and equivalents, down from $1.2 billion at the end of 2000. The company said in its first-quarter report that the combination of available cash, the pending facility with Salomon and vendor financing would fund its operations through March of 2002. However, the prospects for the credit facility seem to be dimming.
A spokeswoman for Metromedia said the company is "working on" raising the funds needed for the credit facility, but declined to comment on the possibility of another extension. She declined to comment on how much is available in vendor financing.
As of March 31, Verizon had $715 million in Metromedia shares and $619 million in convertible notes, or a total of $1.3 billion, according to the company`s quarterly report.
Verizon took down the carrying value of of its equity investment to $280 million and that of its convertible investment to $558 million at the end of the first quarter. However, the investment losses, which combined were $496 million, were classified as "temporary" in the quarterly report and therefore didn`t affect earnings.
Verizon noted in the report that it may charge those losses to earnings as a result of "persistent" declines in Metromedia`s stock or other "economic and company-specific factors."
A spokesman for Verizon declined to say if the company expects to record further charges on its Metromedia investments. He also declined to say if Verizon plans to provide Metromedia with further funding.
Recently, Metromedia`s corporate bonds were quoted at 28 cents to 29 cents on the dollar. Since Metromedia`s corporate bondholders would be paid before its convertible bondholders in the event of a bankruptcy, the bond prices indicate that Verizon stands to lose between 72% and 100% of its convertible investment, not to mention all of its equity investment.
die freien stellen bei mmfn sind verschwunden, anfang der woche waren sie noch da:
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We are currently upgrading our jobsite. If you would like to submit your resume, you can email it to us at HR@mmfn.com. If your resume fits one of our open positions, we will be sure to contact you.
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ob das was zu bedeuten hat? jobangebote kann ich doch auch updaten ohne mal alle zu löschen?
ein besorgter gw
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We are currently upgrading our jobsite. If you would like to submit your resume, you can email it to us at HR@mmfn.com. If your resume fits one of our open positions, we will be sure to contact you.
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ob das was zu bedeuten hat? jobangebote kann ich doch auch updaten ohne mal alle zu löschen?
ein besorgter gw
im folgenden eine recht detaillierte beschreibung der beteiligung von verizon bei mfnx. diese info zeigt auch den verizonaktionären die problematik von unternehmensbeteiligungen bzw. darlehensgewährung auf.
sollte am 31.07. seitens mfnx die restfinanzierung nicht gelingen, besteht für verizon im falle der konkursanmeldung durch mfnx gewaltiger abschreibungsbedarf. bei der marktstellung von vz ist es auf jeden fall eine überlegung wert, entweder mfnx vollständig zu übernehmen oder zumindest eine weitere finanzspritze zu geben, um nicht die netze von mfnx in den metropolitans zu verlieren bzw. später teurer bezahlen zu müssen. das wird für einige ein heisses wochenende werden.
b.
sollte am 31.07. seitens mfnx die restfinanzierung nicht gelingen, besteht für verizon im falle der konkursanmeldung durch mfnx gewaltiger abschreibungsbedarf. bei der marktstellung von vz ist es auf jeden fall eine überlegung wert, entweder mfnx vollständig zu übernehmen oder zumindest eine weitere finanzspritze zu geben, um nicht die netze von mfnx in den metropolitans zu verlieren bzw. später teurer bezahlen zu müssen. das wird für einige ein heisses wochenende werden.
b.