It appears that MFS finally went and did it, and the mae-east we
all came to know and love has finally been turned off. Please bow
your heads for a moment of silence.
So what is everyone going to do instead?
Join MAE-East-ATM?
Join PAIX-VA?
Join ISPCondo? (Abovenet's NAP in 8100 Boone)
Just give up on Vienna, VA?
Simon
Since you brought it up......I have been to Abovenet's facility at 8100
Boone. Is it empty or what?
Are they hurting for business?
jas
Since you brought it up......I have been to Abovenet's facility at 8100
Boone. Is it empty or what?Are they hurting for business?
If the treatment we received from one of their sales reps while trying to
get colocation quotes for their (as yet incomplete, far behind schedule,
AFAIK) Boston datacenter is representative to how they treat all
customers, it wouldn't surprise me that they'd be hurting for business.
I'm still waiting for a quote that I was promised within a day two months
ago, and have long since gone with a different provider.
Tim
I'd have to concur - pre-MFN experience with AboveNET was a lot more
customer friendly... we used to have a sales rep that would die for us
there - he would beg borrow and steal to make us happy - it would take a
phone call and a verbal committment to get a new line run to the cage
etc... after the buyout (and exodus of some good folks) ther service
really got formal - with everything needing to be in writing and all
contacts needing to get a ticket via their support center... but we were
still happy with the product to say the least...
On Jun 3, 2001 Tim Wilde spake:
For the record, MFN has 3 open data centers in the Northern Virginia
area, as well as presenses at several other locations, including the
PAIX in Virginia.
Last I checked no one was predicting MFN was going to go bankrupt,
which is more than I can say for much of the competition. I suggest
you do your own research on the company though, start with the
ticker symbol MFNX.
Some traders may disagree. 52-week range from 44.00 to 3.36, now basking
in penny stock heaven.
While you're at it, check out the PSIX 1 year chart. Some striking
similarities with the MFNX 1 year chart cannot be ignored.
--Mitch
NetSide
while you're at it.. check out the nasdaq chart, gecko. you might notice
that /everything/ is down.
/rf
Mitch, the last time I checked, MFNX was not losing 1,397.3M
per quarter. Go look at the 10-Qs.
--msa
No, MFNX is *only* lost $148mm for 3m ended 3/31, compared to $85mm for
the same period in 2000.
Last I checked no one was predicting MFN was going to go bankrupt,
which is more than I can say for much of the competition. I suggest
I hate to continue the off-topic discusion, but it is sad to see so many
real companies hurt so badly because of the complete vapor so many
were built with evaporate as their reality check bounced.
May we all build solid companies and networks with a glorious future.
--Mike--
Well, in the last quarter MFNX's cash position dropped substantially.
Mar 31 2001 Mar 31 2000
EFFECT OF EXCHANGE RATE CHANGES ON CASH ....................................
(47,310) (4,795)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS .......................
(695,541) 1,273,438
CASH AND CASH EQUIVALENTS-BEGINNING OF PERIOD ..............................
1,148,888 1,262,391
----------- -----------
CASH AND CASH EQUIVALENTS-END OF PERIOD ....................................
$ 453,347 $ 2,535,829
=========== ===========
So they lost $695M in real cash in the period ending March 31, 2001.
Considering they only have $453M in cash afterwards, let's hope they have a
better quarter all around (ending June 30 2001).
Their "net loss" for the most recent quarter was *only* $148M, on all of
$76M for the quarter (including Abovenet and all other operations).
Or they are still losing 2x revenue in operations income or ~8x revenue in
absolute cash.
I admit, this is WAY off topic, but maybe will help people plan their
transit purchases.
Deepak Jain
AiNET