This looks like a '96ish bike. I was the bottom line Italian bike, built with Dedacca tubing and Campagagranola Stratus group. These came stock w/ DT 8spd shifter and Ergo was an option.
I agree since it needs some work and parts closer to 300 may be better.
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk