SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13D
                                (Rule 13d-101)

            INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                                 RULE 13d-2(a)

                         (Amendment No.            )


                                Storage Networks, Inc
--------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    86211E103
--------------------------------------------------------------------------------
                                 (CUSIP Number)
                    Michael Wright, Bear, Stearns & Co. Inc.
                  115 South Jefferson Road, Whippany, NJ 07981
                                 (973) 793-2214
--------------------------------------------------------------------------------
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)


                                September 2, 2003
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of This Statement)

     If the filing person has previously filed a statement on Schedule 13G to
report the  acquisition  that is the subject of this Schedule 13D, and is filing
this  schedule  because  of Rule  13d-1(e),  13d-1(f)  or  13d-1(g),  check  the
following box [_].


          Note:  Schedules filed in paper format shall include a signed original
     and five copies of the schedule,  including all exhibits. See Rule 13d-7(b)
     for other parties to whom copies are to be sent.

                         (Continued on following pages)
                              (Page 1 of    Pages)

----------
(1)  The  remainder  of this  cover  page  shall be filled  out for a  reporting
     person's  initial  filing on this form with respect to the subject class of
     securities,  and for any subsequent amendment containing  information which
     would alter disclosures provided in a prior cover page.

     The  information  required on the remainder of this cover page shall not be
deemed to be "filed"  for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 or otherwise  subject to the  liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


(SC13D-07/98)


CUSIP No.    86211E103                 13D                   Page    of    Pages


________________________________________________________________________________
1    NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                                The Bear Stearns Companies Inc.**
                                IRS # 13-3286161
________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]

________________________________________________________________________________
3    SEC USE ONLY



________________________________________________________________________________
4    SOURCE OF FUNDS*

                                 WC, OO

________________________________________________________________________________
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   [_]



________________________________________________________________________________
6    CITIZENSHIP OR PLACE OF ORGANIZATION

                                    Delaware

________________________________________________________________________________
               7    SOLE VOTING POWER

  NUMBER OF
                    0
   SHARES      _________________________________________________________________
               8    SHARED VOTING POWER
BENEFICIALLY

  OWNED BY          4,995,000
               _________________________________________________________________
    EACH       9    SOLE DISPOSITIVE POWER

  REPORTING         0

   PERSON      _________________________________________________________________
               10   SHARED DISPOSITIVE POWER
    WITH
                    4,995,000

________________________________________________________________________________
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                    4,995,000

________________________________________________________________________________
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

                                                                      [_]

________________________________________________________________________________
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                                    5.02%

________________________________________________________________________________
14   TYPE OF REPORTING PERSON*

                                       HC

________________________________________________________________________________
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



1    NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                               Bear, Stearns & Co. Inc.**
                                IRS # 13-3299429
________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]

________________________________________________________________________________
3    SEC USE ONLY



________________________________________________________________________________
4    SOURCE OF FUNDS*

                                       WC, OO

________________________________________________________________________________
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) OR 2(e)                                   [_]



________________________________________________________________________________
6    CITIZENSHIP OR PLACE OF ORGANIZATION

                                    Delaware

________________________________________________________________________________
               7    SOLE VOTING POWER

  NUMBER OF
                    0
   SHARES      _________________________________________________________________
               8    SHARED VOTING POWER
BENEFICIALLY

  OWNED BY          4,995,000
               _________________________________________________________________
    EACH       9    SOLE DISPOSITIVE POWER

  REPORTING         0

   PERSON      _________________________________________________________________
               10   SHARED DISPOSITIVE POWER
    WITH
                    4,995,000

________________________________________________________________________________
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                    4,995,000

________________________________________________________________________________
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

                                                                      [_]

________________________________________________________________________________
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                                     5.02%

________________________________________________________________________________
14   TYPE OF REPORTING PERSON*

                                       BD

________________________________________________________________________________
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No.   86211E103                13D                   Page    of    Pages


________________________________________________________________________________
Item 1.  Security and Issuer.
          Common Stock             Storage Networks, Inc.
                                   225 Wyman Street
					     Waltham, MA 02451


________________________________________________________________________________
Item 2.  Identity and Background.

     (a)Name:  Bear, Stearns & Co. Inc. ("Bear Stearns")

     (b)Place of Organization:     Delaware

     (c)(i)Principal Business:   Securities Broker/Dealer
        (ii)         Address:    383 Madison Avenue
                                 New York, NY 10179
     (d)None

     (e)Any such proceedings are reported and summarized in Bear Stearn's
              Form BD filed with the Securities and Exchange Commission, which
              descriptions are hereby incorporated by reference.

     (f)See Appendix I

________________________________________________________________________________
Item 3.  Source and Amount of Funds or Other Consideration.

Working Capital; The aggregate purchase price of the 4,995,000 shares
        of Common Stock was approximately $7,824,981.10.
________________________________________________________________________________
Item 4.  Purpose of Transaction.

Bear Stearns has acquired the Common Stock of Storage Networks, Inc. in the
ordinary course of its business as a broker/dealer in connection with its
trading and investment activities. Bear, Stearns may acquire additional
securities of the Issuer or dispose of securities of the Issuer in connection
with such trading and investment activities. Although the foregoing represents
the range of activities presently contemplated by Bear, Stearns with
respect to the Issuer, it should be noted that the possible activities of Bear,
Stearns are subject to change at any time.
Except as set forth above, Bear, Stearns has no present plans or intentions
which relate to or would result in any of the actions described in
subparagraph (a) through (j) of item 4 of Schedule 13D.

________________________________________________________________________________
Item 5.  Interest in Securities of the Issuer as of 09/02/2003.

     (a)Number:                                                  4,995,000
        Percentage:                                              5.02%

     (b)1.Sole power to vote or to direct the vote:              0
        2.Shared power to vote or to direct the vote:            4,995,000
        3.Sole power to dispose or to direct the disposition:    0
        4.Shared power to dispose or to direct the disposition:  4,995,000

     (c)Information concerning transactions in the common stock effected by
        Bear, Stearns is set forth on Appendix II hereto.

     (d)Inapplicable.

     (e)Inapplicable.

________________________________________________________________________________
Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect
         to Securities of the Issuer.


                                      None

________________________________________________________________________________
Item 7.  Material to be Filed as Exhibits.

                                      None

________________________________________________________________________________


**Bear, Stearns & Co. is a subsidiary of The Bear, Stearns Companies Inc.



     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.


                                                      September 11, 2003
                                        ----------------------------------------
                                                         (Date)


                                                          /S/
                                        ----------------------------------------
                                                       (Signature)


                                       Steve Kraemer/Senior Managing Director
                                        ----------------------------------------
                                                       (Name/Title)


                                 APPENDIX I
          DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC.

Name                      Principal Occupation or Employment

James E. Cayne            Chairman of the Board, Chief Executive Officer and
                          Director

Alan D. Schwartz          President, Co-Chief Operating Officer and Director

Warren J. Spector         President, Co-Chief Operating Officer and Director

Alan C. Greenberg	        Chairman of the Executive Committee

Kenneth L. Edlow          Secretary

Michael Minikes           Treasurer and Director

Mark E. Lehman            Executive Vice President/General Counsel
                          Chief Legal Officer and Director

Samuel L. Molinaro Jr.    Chief Financial Officer/Senior Vice President-Finance
                          and Director

E. John Rosenwald Jr.     Vice-Chairman of the Board and Director

Michael L. Tarnopol       Vice-Chairman of the Board and Director

Steven L. Begleiter	  Director

Kathryn R. Booth          Director

Denis A. Bovin            Director

Peter D. Cherasia         Director

Ralph R. Cioffi           Director

Barry J. Cohen            Director

Wendy L. de Monchaux      Director

Bruce E. Geismar          Director

Daniel L. Keating         Director

David A. Liebowitz        Director

Richard R. Lindsey        Director

Bruce M. Lisman           Director

Roland N. Livney          Director

Jeffrey Mayer             Director

Steven D. Meyer           Director

Fares D. Noujaim          Director

Craig M. Overlander       Director

Aldo Parcesepe            Director

Stephen E. Raphael        Director

Robert M. Steinberg       Director

Donald W. Tang            Director

Michael J. Urfirer        Director

Jeffrey H. Urwin          Director

Eli Wachtel               Director


All Directors and Executive Officers are citizens of the United States
and their business address is 383 Madison Avenue, New York, New York 10179.
Bear, Stearns & Co. Inc. is a wholly-owned subsidiary of the Bear, Stearns
Companies Inc.


                                  APPENDIX II

                                Storage Networks, Inc.
                      Trading from 08/04/2003 through 09/02/2003
                              (Various Firm's Accounts)


	***** 09/02 *****
   150,000  STORAGENETWORKS INC            1.5700        235,500.00
    67,600- STORAGENETWORKS INC            1.5700        106,132.00-
    26,300  STORAGENETWORKS INC            1.5700         41,291.00
    41,300  STORAGENETWORKS INC            1.5700         64,841.00

	***** 08/26 *****
     7,100  STORAGENETWORKS INC            1.5500         11,005.00
    10,900  STORAGENETWORKS INC            1.5500         16,895.00
    18,000- STORAGENETWORKS INC            1.5500         27,900.00-

	***** 08/25 *****
     5,000  STORAGENETWORKS INC            1.5500          7,750.00
     5,200  STORAGENETWORKS INC            1.5500          8,060.00
     8,300  STORAGENETWORKS INC            1.5500         12,865.00
    65,000  STORAGENETWORKS INC            1.5500        100,750.00
    13,500- STORAGENETWORKS INC            1.5500         20,925.00-

        ***** 08/22 *****
    11,300- STORAGENETWORKS INC            1.5600         17,628.00-
    25,000  STORAGENETWORKS INC            1.5600         39,000.00
     4,400  STORAGENETWORKS INC            1.5600          6,864.00
     6,900  STORAGENETWORKS INC            1.5600         10,764.00

        ***** 08/21 *****
    90,100- STORAGENETWORKS INC            1.5700        141,457.00-
   100,000  STORAGENETWORKS INC            1.5700        157,000.00
    50,000  STORAGENETWORKS INC            1.5700         78,500.00
    50,000  STORAGENETWORKS INC            1.5700         78,500.00
    35,200  STORAGENETWORKS INC            1.5700         55,264.00
    54,900  STORAGENETWORKS INC            1.5700         86,193.00

	***** 08/20 *****
   275,000- STORAGENETWORKS INC            1.5782        434,005.00-
   610,000  STORAGENETWORKS INC            1.5782        962,702.00
   107,000  STORAGENETWORKS INC            1.5782        168,867.40
   168,000  STORAGENETWORKS INC            1.5782        265,137.60
   338,000  STORAGENETWORKS INC            1.5850        535,730.00

        ***** 08/19 *****
   555,000- STORAGENETWORKS INC            1.5850        879,675.00-
 1,232,000  STORAGENETWORKS INC            1.5850      1,952,720.00
   217,000  STORAGENETWORKS INC            1.5850        343,945.00


        ***** 08/18 *****
   195,000- STORAGENETWORKS INC            1.5500        302,250.00-
   433,000  STORAGENETWORKS INC            1.5500        671,150.00
    76,000  STORAGENETWORKS INC            1.5500        117,800.00
   119,000  STORAGENETWORKS INC            1.5500        184,450.00

        ***** 08/15 *****
   205,000- STORAGENETWORKS INC            1.5524        318,242.00-
   455,000  STORAGENETWORKS INC            1.5524        706,342.00
    80,000  STORAGENETWORKS INC            1.5524        124,192.00
   125,000  STORAGENETWORKS INC            1.5524        194,050.00

	***** 08/14 *****
   205,000- STORAGENETWORKS INC            1.5480        317,340.00-
   455,000  STORAGENETWORKS INC            1.5480        704,340.00
    80,000  STORAGENETWORKS INC            1.5480        123,840.00
   125,000  STORAGENETWORKS INC            1.5480        193,500.00

        ***** 08/13 *****
   205,000- STORAGENETWORKS INC            1.5419        316,089.50-
   455,000  STORAGENETWORKS INC            1.5419        701,564.50
    80,000  STORAGENETWORKS INC            1.5419        123,352.00
   125,000  STORAGENETWORKS INC            1.5419        192,737.50

        ***** 08/12 *****
    57,200- STORAGENETWORKS INC            1.5300         87,516.00-
   127,000  STORAGENETWORKS INC            1.5300        194,310.00
    22,300  STORAGENETWORKS INC            1.5300         34,119.00
    34,900  STORAGENETWORKS INC            1.5300         53,397.00


        ***** 08/08 *****
    24,800- STORAGENETWORKS INC            1.5100         37,448.00
    55,000  STORAGENETWORKS INC            1.5100         83,050.00
     9,700  STORAGENETWORKS INC            1.5100         14,647.00
    15,100  STORAGENETWORKS INC            1.5100         22,801.00


        ***** 08/07 *****
   182,000  STORAGENETWORKS INC            1.5174        276,166.80
    82,000- STORAGENETWORKS INC            1.5174        124,426.80-
    32,000  STORAGENETWORKS INC            1.5174         48,556.80
    50,000  STORAGENETWORKS INC            1.5174         75,870.00

        ***** 08/06 *****
   182,000  STORAGENETWORKS INC            1.5200        276,640.00
    82,000- STORAGENETWORKS INC            1.5200        124,640.00-
    32,000  STORAGENETWORKS INC            1.5200         48,640.00
    50,000  STORAGENETWORKS INC            1.5200         76,000.00


        ***** 08/05 *****
    82,000  STORAGENETWORKS INC            1.5160        124,312.00
    82,000- STORAGENETWORKS INC            1.5176        124,443.20-
    32,000  STORAGENETWORKS INC            1.5176         48,563.20
    50,000  STORAGENETWORKS INC            1.5176         75,880.00
   100,000  STORAGENETWORKS INC            1.5190        151,900.00

        ***** 08/04 *****
    82,000- STORAGENETWORKS INC            1.5000        123,000.00-
   182,000  STORAGENETWORKS INC            1.5000        273,000.00
    32,000  STORAGENETWORKS INC            1.5000         48,000.00
    50,000  STORAGENETWORKS INC            1.5000         75,000.00


Attention.  Intentional  misstatements  or omissions of fact constitute  federal
criminal violations (see 18 U.S.C. 1001).