gibt es news von metromedia fib.net? - 500 Beiträge pro Seite

[ironking]

hat irgendwer schon mal wieder was von metromedia fib.net gehört?
gruß jb

[Cosmicpalm]

ja hab ne Stange Geld dabei verliert, aber die werden doch gar nicht mehr gehandelt, oder?

[Kurumba]

MFNXE????

[Kurumba]

sorry, MFNXQ - wer weiß, vielleicht kauft LVLT

[ironking]

ich habe da auch bis jetzt ziemlich viel miese gemacht. aber gibt es eine reelle chance ,dass sie wieder gehandelt werden und man mit seinem noch investierten geld was anfangen kann??

[JS222]

Metromedia Fiber Network Inc (NASDAQ NM:MFNXQ)
As of 08-27-2002 ( 17:35 ET )
Basic Profile | SEC Filings | Technical Analysis | Chart | News
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Business Summary: CURRENT BUSINESS INFORMATION: Metromedia Fiber Network, Inc. is a provider of digital communications infrastructure solutions and high-bandwidth Internet connectivity for their communication customers. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers, award-winning managed services, and extensive peering relationships to deliver fully integrated, outsourced communications solutions to Global 2000 companies. The Company’s comprehensive managed services enable companies to create a world-class Internet presence, optimize complex sites and private optical networks, and transform legacy applications, all with a single point of contact.

Last Trade: 0.019 Change: 0.000 (+0.000%)
Previous Close: 0.019 Volume: 789,900
Bid: N/A Ask: N/A
Today`s Open: 0.015 # of Trades: 89

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Day High: 0.025 Day Low: 0.014
52 Week High: 0.100 52 week Low: N/A
Market Cap: 12.76M Avg Daily Vol: 694,805
EPS: N/A PE Ratio: N/A
Dividend: N/A Yield: N/A

Quick Chart: 5d|3m|6m|1y|3y



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MFNXQ - Metromedia Fiber Network Inc (NASDAQ NM : MFNXQ)

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N.Y. Firm Wants to Sell Reston Property



TUESDAY , SEPTEMBER 17, 2002 11:21 PM

United States, Sep 18, 2002 (Newsbytes via COMTEX) -- Metromedia Fiber Network Inc. has asked a bankruptcy court to allow it to sell nine acres of land and its 256,000-square-foot office and data center in Reston for at least $47.5 million.

The unoccupied property, at 1780 Business Center Dr., was originally used by AboveNet Communications Inc., which was acquired by Metromedia in 1999. The sale also includes "intangible assets" such as power generators, cooling and fuel systems, and other infrastructure, said Kara Carbone, a MFN spokeswoman.

The company, which is based in White Plains, N.Y., has agreed to sell the property to DuPont Fabros Development LLC, but is soliciting higher bids and will hold an auction on Nov. 4, according to documents filed last week with the U.S. Bankruptcy Court in the Southern District of New York. The sale is to be finalized in court on Nov. 6.

"Over the last 18 months, there`s been a steady stream of data centers on the block" as companies try to consolidate or sell operations while in bankruptcy, said Joshua Beil, an analyst with market research firm Tier 1 Research. That trend has been picking up speed recently as companies such as Qwest Communications International Inc. and other Web hosting firms step up their attempts to cut costs, Beil said. Data centers typically sell for 10 to 75 percent of their original value, depending on their quality, he said.

MFN was one of the first companies to dig up city streets to lay fiber-optic cables. It filed for bankruptcy protection in May, listing $7 billion in assets and $4.25 billion in liabilities.

The Securities and Exchange Commission started a formal investigation into MFN`s accounting practices in June. The company is "still supplying information to the SEC," said Lawrence C. Gottleib, a lawyer representing MFN in its bankruptcy case.

But MFN expects to restate its financial results for the last year as a result of the SEC investigation. The company said the restatement will focus on when the company booked revenue, sales credit, expenses and non-cash lease and purchase accounting.

MFN`s initial public offering of stock in 1997 raised about $135 million. Bernard J. Ebbers, the former chief executive of WorldCom Inc. benefited from that IPO, netting $4.6 million from selling shares issued to him by Salomon Smith Barney Inc., according to documents released this month by the House Financial Services Committee.

By Yuki Noguchi

Reported By TechNews.com, http://www.TechNews.com



Copyright 2002 The Washington Post Company


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KEYWORD: United States
SUBJECT CODE: WIRES
technology

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company news

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MFNXQ - Metromedia Fiber Network Inc (NASDAQ NM : MFNXQ)

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Arsenal Digital Solutions Partners with Metromedia Fiber Network To Provide World Class Storage Solutions to Data Center Customers

MFN Selects Arsenal to Provide Data Protection and Recovery Services To Eight MFN Data Centers

MONDAY , SEPTEMBER 23, 2002 08:03 AM

NEW YORK, Sep 23, 2002 /PRNewswire-FirstCall via COMTEX/ -- Metromedia Fiber Network, Inc. (MFN), the leading provider of digital communications infrastructure solutions, announced today that Arsenal Digital Solutions (Arsenal) will provide MFN managed services customers with enterprise-class storage solutions. Arsenal, the industry`s leading Storage Service Provider (SSP), will integrate the service as part of MFN`s managed services offering and the MFN Operations Platform.

Arsenal will provide MFN with its highly scalable, reliable, and secure data backup and recovery solution that incorporates proven technologies and best practices to ensure the accessibility, protection, and performance that enterprise-class applications require. The agreement expands Arsenal`s services to the largest business markets in the United States. MFN, one of the nation`s largest hosting companies, will allow Arsenal to expand its footprint by offering on-site storage at three MFN data centers, as well as leveraging MFN`s fiber optic infrastructure to offer remote storage, disaster recovery and business continuity solutions to companies located in MFN`s five other data centers on the network.

"We are always searching for partnerships that make the most sense for our customers and let us provide the value-added services that they expect from MFN," said John Gerdelman, president and chief executive officer, Metromedia Fiber Network. "Arsenal provides a top quality storage solution for our customers that leverages both our metropolitan fiber network and our suite of managed services. Through this partnership, we are able to expand our services offering without the capital expenditure associated with developing and maintaining this capability."

"We are excited to be partnering with MFN to expand the market reach and footprint of Arsenal`s managed storage services," said Frank Brick, chairman and chief executive officer of Arsenal. "MFN`s customers will gain access to the industry`s leading and most cost-effective enterprise-class storage solution in the market."

Service Availability

Arsenal`s backup and recovery services are available immediately throughout MFN`s global network of state-of-the-art data centers including locations in San Jose, Virginia, and New York.

About MFN Operations Platform

MFN`s Operations Platform provides all of the critical elements needed to create and maintain a world-class Internet site infrastructure including site architecture, hardware and software selection, co-location, network connectivity and ongoing management and services, all at a fixed monthly fee. Additionally, the Operations Platform includes a 100-percent up-time service level agreement, which gives companies the added confidence of uninterrupted access to content and services 24x7.

About MFN

MFN is the leading provider of digital communications infrastructure solutions. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers, award-winning managed services and extensive peering relationships to deliver fully integrated, outsourced communications solutions to Global 2000 companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

PAIX.net, Inc., a subsidiary of MFN and the original neutral Internet exchange, offers secure, Class A co-location facilities where ISPs and other Internet-centric companies can form public and private peering relationships with each other, and have access to multiple telecommunications carriers for circuits within each facility.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.



For more information on MFN, please visit our Web site at www.mfn.com .


About Arsenal Digital Solutions

Arsenal Digital Solutions (Arsenal) is a leading Storage Service Provider (SSP) focused on helping its customers -- from start-ups to large enterprises - solve their data storage and management needs. Leveraging its proven storage and security expertise, Arsenal delivers a comprehensive and flexible suite of managed storage services. Arsenal`s solutions are available through leading Internet Data Centers (IDCs) across the United States.

Headquartered in Durham, N.C., and founded in August 1998, Arsenal is a privately held, venture-backed company. For more information on Arsenal Digital, its solutions and services, visit the company web site at www.arsenaldigital.com.

This release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including the implementation of the proposed restructuring and bankruptcy court approval, and the risks detailed from time to time in the Company`s filings with the Securities and Exchange Commission. Further information on factors that could affect the company`s financial and other results is included in the company`s Forms 10-Q and 10-K, filed with the Securities and Exchange Commission.


MAKE YOUR OPINION COUNT - Click Here
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SOURCE Metromedia Fiber Network, Inc.


CONTACT: Kara Carbone of Metromedia Fiber Network, Inc.,
[phone], or [e-mail]; or Steve Siegel of Arsenal Digital
Solutions, [phone], or [e-mail]

URL: http://www.mfn.com
http://www.prnewswire.com



Copyright (C) 2002 PR Newswire. All rights reserved.


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KEYWORD: New York
INDUSTRY KEYWORD: TLS
CPR
OTC
SUBJECT CODE: PDT


STOCK SYMBOLS: [(mfnxa)]


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Kaplan Fox Announces Class Action Lawsuit Against Citigroup Inc., Salomon Smith Barney Inc., and Jack Grubman On Behalf of Investors Who Purchased Metromedia Fiber Network, Inc. Common Stock
via COMTEX

October 31, 2002

NEW YORK, Oct 31, 2002 (BUSINESS WIRE) --

Kaplan Fox Kaplan Fox Seeks To Recover Losses For Investors Who Purchased Metromedia Fiber Network, Inc. Common Stock

Kaplan Fox (kaplanfox.com) has filed a class action against Citigroup Inc. (`Citigroup`), Salomon Smith Barney Inc. (`Salomon`), and Jack Grubman, in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired the common stock of Metromedia Fiber Network, Inc. (`Metromedia`or the `Company`) (Nasdaq: MFNX) between November 25, 1997 and July 25, 2001, inclusive (the `Class Period`).

The complaint alleges that Defendants violated the federal securities laws by issuing analyst reports regarding Metromedia that recommended the purchase of Metromedia common stock and which set price targets for Metromedia common stock, without any reasonable factual basis. The complaint further alleges that, when issuing its Metromedia analyst reports, Defendants failed to disclose significant, material conflicts of interest which it had, in light of Defendants` Metromedia reports, to obtain investment banking business for Salomon. Furthermore, in issuing Metromedia reports, in which it recommended the purchase of Metromedia common stock, Defendants failed to disclose material, non-public, adverse information which they possessed about Metromedia. Throughout the Class Period, Defendants maintained a `BUY` recommendation on Metromedia in order to obtain and support lucrative financial deals for Salomon.

The Class Period begins on November 25, 1997 the date when Salomon `initiated coverage`of and issued their first report on Metromedia. The Class Period ends on July 25, 2001, the date Defendants belatedly downgraded Metromedia from a `Buy`to a `Neutral`.

As a result of Defendants`false and misleading analyst reports, Metromedia common stock traded at artificially inflated levels during the class period.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox &Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Chicago and New Jersey, has many years of experience prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox &Kilsheimer LLP, you may visit our website at www.kaplanfox.com

If you are a member of the Class, you may move the court no later than December 6, 2002 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements.

If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at [e-mail] or contact:

Frederic S. Fox, Esq. Laurence D. King, Esq.Donald R. Hall, Esq. Kaplan Fox &Kilsheimer LLPKaplan Fox &Kilsheimer LLP 601 Montgomery Street805 Third Avenue, 22nd Floor San Francisco, CA 94111New York, NY 10022 415/772-4700800/290-1952 Fax: [phone] [e-mail]: 212/[e-mail]
Kaplan Fox &Kilsheimer LLP, New YorkFrederic S. Fox/Donald R. Hall, 800/290-1952212/[e-mail] Fox &Kilsheimer LLP, San FranciscoLaurence D. King, 415/[e-mail]: NASDAQ: MFNX
http://www.businesswire.com

Today`s News On The Net - Business Wire`s full file on the Internet with Hyperlinks to your home page.

Copyright (C) 2002 Business Wire. All rights reserved.


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11/07/2002 (08:02 ET) Neopolitan Networks Chooses Metromedia Fiber Network for IP Transit - PR Newswire
11/07/2002 (02:22 ET) SSB, Jack Grubman sued for alleged misleading research on WCG, Metromedia - AFX News Asia
11/07/2002 (02:22 ET) SSB, Jack Grubman sued for alleged misleading research on WCG, Metromedia - AFX News Europe
11/07/2002 (02:22 ET) SSB, Jack Grubman sued for alleged misleading research on WCG, Metromedia - AFX News UK
11/06/2002 (19:35 ET) Metromedia Fiber Network, Inc. Securities Purchasers Represented By Schatz & Nobel In Class Action Lawsuit Against Salomon Smith Barney, Inc. - PR Newswire


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Attention Purchasers of Metromedia Fiber Network, Inc. Securities: Rabin &Peckel LLP Commences Class Action Against Jack Grubman, Salomon Smith Barney, Inc., Alleging Violations of Federal Securities Law -- MFNX
via COMTEX

November 8, 2002

NEW YORK, Nov 08, 2002 (PRIMEZONE via COMTEX) --

A class action complaint has been filed in the United States District Court for the Southern District of New York, civil action number 02 CV 8940, on behalf of all persons or entities who purchased or otherwise acquired securities of Metromedia Fiber Network, Inc. (`Metromedia Fiber`or the `Company`) (Nasdaq:MFNX) between November 25, 1997 and July 25, 2001, both dates inclusive (the `Class Period`). Jack Grubman and Salomon Smith Barney, Inc. are named as defendants in the complaint.

To discuss this action, this announcement, or your rights or interests, please contact plaintiff`s counsel, Eric J. Belfi or Sharon Lee, Rabin &Peckel LLP, 275 Madison Avenue, New York, NY 10016, by telephone at [phone] or [phone], by facsimile at [phone], or by e-mail at [e-mail].

The complaint charges that Jack Grubman and Salomon Smith Barney, Inc. with violations of the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants Salomon and Grubman urged investors to purchase Metromedia Fiber stock when defendants knew or should have known that such purchases were not a good investment. The complaint alleges that defendants issued `Buy`recommendations about Metromedia Fiber without any rational economic basis; failed to disclose that they were issuing `Buy`recommendations to obtain investment banking business; and concealed significant, material conflicts of interests that prevented them from providing independent objective analysis.

Plaintiff is represented by the law firm of Rabin &Peckel LLP. Rabin &Peckel LLP and its predecessor firms have devoted its practice to shareholder class actions and complex commercial litigation for more than thirty years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States. You can learn more information about Rabin &Peckel LLP at www.rabinlaw.com.

If you purchased Metromedia Fiber securities during the Class Period described above, you may, no later than December 6, 2002, move the Court to serve as lead plaintiff. To serve as lead plaintiff, however, you must meet certain legal requirements. You can join this action as a lead plaintiff online at www.rabinlaw.com. Contact plaintiff`s counsel Eric J. Belfi or Sharon Lee of Rabin &Peckel LLP to further discuss this action, this announcement, or your rights or interests.

RABIN &PECKEL LLP Eric J. Belfi Sharon Lee [phone] or [phone] Fax: [phone] [e-mail] www.rabinlaw.com

(C) Copyright 2002 PrimeZone Media Network, Inc. All rights reserved.


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Neopolitan Networks Broadens Access to the Internet with Connectivity to PAIX
via COMTEX

November 19, 2002

PALO ALTO, Calif., Nov 19, 2002 /PRNewswire via COMTEX/ --

The world`s fastest-growing Metropolitan Gigabit Ethernet Service Provider, Neopolitan Networks, today announced their participation at PAIX.net, Inc. (PAIX) a leading carrier-neutral Internet exchange and subsidiary of Metromedia Fiber Network Inc. (MFN). Through Neopolitan`s True Broadband fiber optic network, businesses can access PAIX`s diverse Palo Alto peering fabric extending multiple Internet backbones directly to their enterprises. Participating at PAIX adds significant value to Neopolitan`s ability to provide enterprise customers with the fastest connectivity, highest throughput and lowest latency, via Neopolitan`s San Francisco Bay Area Network.

`We have extended our fiber optic network to PAIX, making them one of our core points of presence in the San Francisco Bay Area. Accordingly, we have strengthened our offering and broadened PAIX`s robust peering fabric,`said Frank R. Robles CEO of Neopolitan Networks. `Through our participation at PAIX, we are having a tremendous, positive effect on current and future customers of our respective companies.`

By providing connectivity to PAIX`s participant base, Neopolitan gives their customers unprecedented opportunities to peer with additional network providers nationwide, allowing greater speed and access, while overcoming the issues surrounding technically and geographically disparate networks.

`Our Gigabit Ethernet Network, in conjunction with PAIX, is the fastest and simplest way for Enterprises to get the most out of their IT investment. At last, companies no longer have to contend with the high costs, additional staff and time spent managing heterogeneous SONET-based network connectivity. With Neopolitan Networks, there is a simple, reliable and powerful network solution that combines bandwidth, performance and IT cost containment,`said Basilio Amaro, Vice President of Marketing for Neopolitan Networks.

About PAIX.net

PAIX.net, Inc., headquartered in Palo Alto, Calif., began operations in 1996 as Digital Equipment Corporation`s Palo Alto Internet Exchange. Having proven itself as a vital part of the Internet infrastructure, PAIX serves as a packet switching center for ISPs and other Internet-centric customers. PAIX also offers secure, fault-tolerant co-location services to ISPs. PAIX enables its participants to form public and private peering relationships with each other and choose from multiple telecommunications carriers for circuits, all within the same facility. PAIX is a subsidiary of MFN. To ensure its neutrality, it operates as a separate entity with its own management. For additional information about PAIX call 877-PAIXnet (877-724-9638) or visit its Web site at www.paix.net.

On May 20, 2002, PAIX`s parent company, Metromedia Fiber Network, Inc., and most of its domestic subsidiaries including PAIX commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

About Metromedia Fiber Network


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PAIX and CRG West Break Ground to Offer Metro Connectivity At One Wilshire and Market Post Tower
via COMTEX

November 21, 2002

PALO ALTO, Calif. and LOS ANGELES, Nov 21, 2002 /PRNewswire-FirstCall via COMTEX/ --

PAIX.net, Inc. (PAIX), a leading carrier-neutral Internet exchange and subsidiary of Metromedia Fiber Network, Inc. (MFN), and CRG West, the operator of One Wilshire, the premier communications hub on the west coast, today announced their collaboration in introducing `Peering by PAIX`to the Los Angeles metropolitan area. In addition to One Wilshire in downtown Los Angeles, CRG West and PAIX have agreed to expand PAIX`s existing MetroPAIX connectivity in the San Francisco Bay Area with the inclusion of `Peering by PAIX`in Market Post Tower located at 55 South Market Street in San Jose.

These agreements will give the tenants of One Wilshire, as well as those in facilities directly connected to One Wilshire, immediate access to PAIX`s proven Layer 2 switching infrastructure. Currently, there are over 200 telecommunications network and Internet service providers operating in the One Wilshire facility. `Peering by PAIX`will give each of these service providers the ability to exchange Ethernet traffic with each other over a common fabric. And, as PAIX establishes new `Peering by PAIX`alliances throughout the LA area, participants will be able to exchange traffic with ISPs, content providers and enterprise customers across the entire Layer 2 fabric.

Similarly, the Market Post Tower, which is also the home of MAE-West, an ATM-based peering point, will have an Ethernet `Peering by PAIX`switch that will be connected to PAIX`s comprehensive MetroPAIX fabric that provides seamless connectivity among six facilities in the Bay Area, stretching from San Francisco to San Jose. The hub of this metro area network, PAIX`s Palo Alto facility, is the premiere Internet Exchange Point in the world, host to over 170 Internet-centric companies. As is the case with all of the MetroPAIX peering infrastructures, participants in any location in the metro can exchange traffic with each other, either privately or publicly.

`The addition of `Peering by PAIX`to the CRG West facilities One Wilshire and Market Post Tower greatly enhances the substantial carrier neutral connectivity options for our tenants`said Jim Trout, President of CRG West. `The PAIX offering delivers significant value to our tenants by enhancing tenants`abilities to exchange IP traffic through a centralized, cost-effective location.`

`Establishing a fully neutral, commercial quality peering fabric at One Wilshire is important because of the dense population of international Internet-centric companies and telecommunication carriers in the Los Angeles market, and the growing need for them to interconnect in a cost-effective manner,`said Shelly Fishman, VP of Sales, Marketing and Business Development for PAIX.net, Inc. `Our agreement with CRG West in these two high-tech metros reinforces PAIX`s leadership as the peering provider of choice in the Internet community and extends our broadly accepted `distributed peering`strategy.`

Customers who currently connect to each other via a MetroPAIX fabric enjoy the same quality and neutrality they have come to expect from PAIX. The switches in One Wilshire and Market Post Tower will mark the tenth and eleventh installations of `Peering by PAIX`in third-party neutral co-location facilities throughout the United States and Europe since February 2002.

About CRG West

An operating company affiliated with The Carlyle Group, CRG West oversees and enhances strategic telecom assets owned by Carlyle. The One Wilshire Building and Market Post Tower, home of MAE West, are two core assets under CRG West management. The CRG West team combines extensive telecommunications, network planning, meet-me room development and operations experience with astute real estate development and management practices to serve One Wilshire, Market Post Tower and 470 Vanderbilt carrier customers and office tenants. The CRG West team is committed to providing fast, response, innovative operational solutions, and local expertise.

www.marketposttower.com | www.onewilhsire.com | www.470vanderbilt.com

About PAIX.net

PAIX.net, Inc., headquartered in Palo Alto, California, began operations in 1996 as Digital Equipment Corporation`s Palo Alto Internet Exchange. Having proven itself as a vital part of the Internet infrastructure, PAIX serves as a packet switching center for ISPs. PAIX also offers secure, fault-tolerant co-location services to ISPs. PAIX enables ISPs to form public and private peering relationships with each other and choose from multiple telecommunications carriers for circuits, all within the same facility. For additional information about PAIX, call 877-PAIXnet (877-724-9638) or visit its web site at http://www.paix.net.

About Metromedia Fiber Network

MFN is the leading provider of digital communications infrastructure solutions. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers, award-winning managed services and extensive peering relationships to deliver fully integrated, outsourced communications solutions to Global 2000 companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

PAIX.net, Inc., a subsidiary of MFN and the original neutral Internet exchange, offers secure, Class A co-location facilities where ISPs and other Internet-centric companies can form public and private peering relationships with each other, and have access to multiple telecommunications carriers for circuits within each facility.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries including PAIX.net, Inc. commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

For more information on MFN, please visit our Web site at www.mfn.com

This release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including the implementation of the proposed restructuring and bankruptcy court approval, and the risks detailed from time to time in the Company`s filings with the Securities and Exchange Commission. Further information on factors that could affect the company`s financial and other results is included in the company`s Forms 10-Q, 10-K and S-3, filed with the Securities and Exchange Commission.

Make Your Opinion Count - Click Here http://tbutton.prnewswire.com/prn/11690X26283752

SOURCE PAIX.net, Inc.

Drew Leonard of PAIX.net, Inc, [phone], [e-mail]; or Ed d`Agostino of Carlyle Realty Group, [phone], [e-mail]

http://www.mfn.com

Copyright (C) 2002 PR Newswire. All rights reserved.

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Johnson &Perkinson Announces December 6, 2002 Deadline for Metromedia Shareholder Applications
via COMTEX

November 26, 2002

SOUTH BURLINGTON, Vt., Nov 26, 2002 (BUSINESS WIRE) --

The law firm of Johnson &Perkinson (`J&P`) announces the deadline for filing motions for lead plaintiff in lawsuits on behalf of all those who purchased Metromedia Fiber Network, Inc. (`Metromedia`) (NASDAQ: MFNX) common stock between November 25, 1997 and July 25, 2001, inclusive (the `Class Period`) is December 6, 2002.

The Complaint, pending in the United States District Court, Southern District of New York, alleges that Defendants violated the federal securities laws by issuing analyst reports regarding Metromedia that recommended the purchase of Metromedia common stock and which set price targets for Metromedia common stock, without any reasonable factual basis. The complaint further alleges that, when issuing its Metromedia analyst reports, Defendants failed to disclose significant, material conflicts of interest which it had, in light of Defendants`Metromedia reports, to obtain investment banking business for Defendant Salomon Smith Barney (`Salomon`). Furthermore, in issuing Metromedia reports, in which it recommended the purchase of Metromedia common stock, Defendants failed to disclose material, non-public, adverse information which they possessed about Metromedia. Throughout the Class Period, Defendants maintained a `BUY` recommendation on Metromedia in order to obtain and support lucrative financial deals for Salomon. The Class Period begins on November 25, 1997 the date when Salomon `initiated coverage`of and issued their first report on Metromedia. The Class Period ends on July 25, 2001, the date Defendants belatedly downgraded Metromedia from a `Buy`to a `Neutral.`

The deadline for moving to be appointed as Lead Plaintiff in this action is December 6, 2002. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member`s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as `lead plaintiff.`Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Johnson &Perkinson, or other counsel of your choice, to serve as your counsel in this action. You may review the Complaint and/or sign up as a proposed Lead Plaintiff by visiting the firm`s website at http://www.jpclasslaw.com. If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, please contact Dennis J. Johnson, Esquire or James Mackall, Esquire at Johnson & Perkinson, 1690 Williston Road, South Burlington, Vermont 05403, toll free at 1-888-459-7855 or via e-mail at [e-mail].

Johnson &Perkinson is a litigation boutique dedicated to maximizing shareholders`returns and keeping the lead plaintiffs involved in the litigation. Members of the firm have prosecuted complex class actions on behalf of plaintiffs in the areas of securities and consumer fraud since 1985. Based in South Burlington, Vermont, the firm has prosecuted leading actions on behalf of defrauded investors against numerous public companies resulting in the recovery of many millions of dollars and has been singled out for its excellence by various courts. The firm is currently lead or co-lead counsel in securities class actions pending against Xerox, Priceline, Nortel, Allaire, and Exchange Applications.

Johnson &Perkinson Dennis J. Johnson/James Mackall, 1-888-459-7855 [e-mail] TICKERS: NASDAQ:MFNX

http://www.businesswire.com

Today`s News On The Net - Business Wire`s full file on the Internet with Hyperlinks to your home page.

Copyright (C) 2002 Business Wire. All rights reserved.


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PAIX and LAAP to Interconnect Switch Fabrics In Los Angeles Metro
via COMTEX

December 2, 2002

PALO ALTO, Calif. and LOS ANGELES, Dec 2, 2002 /PRNewswire-FirstCall via COMTEX/ --

PAIX.net, Inc. (PAIX), a leading carrier-neutral Internet exchange and subsidiary of Metromedia Fiber Network, Inc. (MFN), and the Los Angeles Access Point (LAAP), operated by the University of Southern California`s Information Sciences Institute, today announced the joining of their respective switch fabrics, opening the door to expanded interconnection opportunities across the Los Angeles metropolitan area. This agreement adds to PAIX`s peering network offering by connecting MetroPAIX participants to this existing and strategically important peering fabric provider.

`Peering by PAIX`participants, located anywhere on the Los Angeles MetroPAIX fabric, and LAAP`s participants in any of their on-net facilities will be able to easily exchange IP traffic with one another, as if they were connected to the same switch fabric. In short, this agreement is instrumental in establishing a new level of cost-effective Layer 2 interconnection in the L.A. area. The net result will be the coming together of multiple ISPs and other Internet-centric organizations, located in a variety of data centers and exchange sites.

In addition to having access to this rich critical mass of possible participants, both PAIX and LAAP customers in each facility will realize greater efficiency when accessing various network and content providers because this connection reduces or eliminates multiple network hops. These participants will reduce their costs as they conduct multiple peering or transit sessions through one single switch port. This eliminates the need for last-mile circuits, multiple cross connects, and additional equipment costs. PAIX has previously announced two very similar alignments in the Seattle metro with both the Seattle Internet Exchange (SIX) and Pacific Northwest Gigapop`s Pacific Wave exchange. The immediate response to the PAIX-SIX connection spawned a great deal of activity with each party`s respective customers looking to establish connectivity for peering opportunities. The same level of enthusiasm is expected from PAIX and Pacific Wave participants as they look to establish bilateral agreements.

`This collaborative effort with LAAP is an extremely important step in our Los Angeles deployment, and improves the overall peering environment there,` said Shelly Fishman, VP of Sales Marketing and Business Development at PAIX.net, Inc. `PAIX believes that the Internet will best grow through the deployment of a multi-faceted infrastructure of co-location, peering and interconnection that allows participants the widest possible range of choices in where they can house their network components and with whom they can cost-effectively exchange traffic.`

`This will add value to both existing and future customers of the PAIX and LAAP,`said Celeste Anderson of LAAP. `We think this is a win-win situation.`

Customers who connect to each other via any of the MetroPAIX fabrics can be assured of the quality and neutrality they have come to expect from PAIX. Currently, PAIX offers MetroPAIX connectivity in three other communities; the San Francisco Bay Area, northern Virginia and New York City.

About LAAP Operated by the University of Southern California`s Information Sciences Institute since 1996, LAAP offers public and private peering facilities in the Southern California area from three locations. Current participants include companies, universities, and research networks. For more information please see http://www.laap.net .

About PAIX.net

PAIX.net, Inc., headquartered in Palo Alto, California, began operations in 1996 as Digital Equipment Corporation `s Palo Alto Internet Exchange. Having proven itself as a vital part of the Internet infrastructure, PAIX serves as a packet switching center for ISPs. PAIX also offers secure, fault- tolerant co-location services to ISPs. PAIX enables ISPs to form public and private peering relationships with each other and choose from multiple telecommunications carriers for circuits, all within the same facility. For additional information about PAIX, call 877-PAIXnet (877-724-9638) or visit its web site at http://www.paix.net.

On May 20, 2002, PAIX`s parent company, Metromedia Fiber Network, Inc., and most of its domestic subsidiaries including PAIX, commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

About Metromedia Fiber Network

MFN is the leading provider of digital communications infrastructure solutions. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers, award-winning managed services and extensive peering relationships to deliver fully integrated, outsourced communications solutions to Global 2000 companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

PAIX.net, Inc., a subsidiary of MFN and the original neutral Internet exchange, offers secure, Class A co-location facilities where ISPs and other Internet-centric companies can form public and private peering relationships with each other, and have access to multiple telecommunications carriers for circuits within each facility.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries including PAIX.net, Inc. commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

For more information on MFN, please visit our Web site at http://www.mfn.com .

This release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including the implementation of the proposed restructuring and bankruptcy court approval, and the risks detailed from time to time in the Company`s filings with the Securities and Exchange Commission. Further information on factors that could affect the company`s financial and other results is included in the company`s Forms 10-Q, 10-K and S-3, filed with the Securities and Exchange Commission.

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SOURCE PAIX.net, Inc.

Drew Leonard of PAIX.net, Inc., [phone], [e-mail]

http://www.mfn.com

Copyright (C) 2002 PR Newswire. All rights reserved.


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PAIX Executive Touts Benefits of `Distributed`Peering; Metro-Wide Peering Fabrics Provide Most Cost-Effective Solutions
via COMTEX

December 4, 2002

PALO ALTO, Calif., Dec 4, 2002 /PRNewswire-FirstCall via COMTEX/ --

PAIX.net, Inc. (PAIX) the leading fully neutral commercial Internet exchange and a subsidiary of Metromedia Fiber Network (MFN), is sending a loud and clear message to both international and domestic markets: `Distributed metro peering can provide Internet-centric companies access to more networks with greater cost efficiencies.`This strategic pronouncement was made at the XII Meeting on International Traffic in Latin America - AHCIET, articulating PAIX`s position in the growing debate over peering at centralized NAPs as opposed to being able to peer and interconnect at existing network POP facilities.

PAIX`s VP of Sales, Marketing and Business Development, Mr. Sheldon A. Fishman, delivered this message to more than 100 attendees from 15 different countries. The audience, which expressed enthusiasm about the concept during the presentation, was made up of various Tier 1 and Tier 2 IP and telecommunications companies with interests in Latin America.

In today`s economic environment, with razor-thin margins available to ISPs and content providers, PAIX understands that circuit costs have come to dominate the equation for network re-design and deployment. PAIX believes that the most rational solution is for the peering infrastructure to be delivered to where the networks need it -- their existing POP co-location sites. PAIX`s goals for its participation at the AHCIET event was both to communicate its vision and assess the Latin American interest in deploying such a peering topology within key metros.

To implement this strategy in the United States, PAIX has utilized its MetroPAIX infrastructure, which is now available in four cities. PAIX typically anchors each MetroPAIX network through an existing full-service PAIX facility. These networks extend to participants on `Peering by PAIX`switches co-located in third-party co-location and data centers, and other switch fabric providers. This seamless connectivity creates instant `critical mass` for participants virtually anywhere in the metro. As a result, Internet-centric companies connect to the fabric from their existing co-location facilities, without incurring the unnecessary operating costs for circuits to a central Internet Exchange, redundant co-location and power expenses, additional technical staff, or the capital costs associated with additional edge routers. The savings can be enormous!

`Companies are finding that they need to establish several transit relationships, called multi-homing, as well as multiple peering relationships to optimize both their network costs and efficiency. By establishing these interconnections at locations where they already have a presence, they are able to maximize their choices, negotiate the most beneficial price points and still achieve network diversity and facilitate disaster recovery,`said Fishman. `Only a distributed architecture can achieve all these objectives.`

PAIX currently operates six U.S. sites. There are MetroPAIX networks in the San Francisco Bay area, Los Angeles, the Washington DC/northern Virginia area, and New York City. PAIX also provides interconnection options with the Seattle Internet Exchange (SIX), the Pacific Wave Exchange in Seattle, the Los Angeles Access Point (LAAP) at USC/ISI and, in the near future, with NASA/Ames Research Center in Mountain View, CA. Peering by PAIX is offered in nearly a dozen U.S. third-party co-location facilities and in Europe in Budapest and Dublin.

Anyone interested in understanding more about the benefits of distributed peering can view Mr. Fishman`s presentation on-line at http://www.PAIX.net.

About PAIX.net


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