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Technology Stocks : NorthPoint Communications Holdings, Inc. (NPNT)

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To: Nazbuster who wrote (1)4/25/1999 9:33:00 AM
From: Mohan Marette   of 786
 
Expected pricing 3rd week of May -RadioShack to offer NorthPoint DSL service.

Daniel:
Here is an interesting news I ran into few minutes ago,looking good so far.
=======================
Tandy Announces 1Q Earnings, Broadband Pact
(04/23/99, 1:50 p.m. ET)
By Aaron Ricadela , Computer Retail Week
................

Tandy is entering the market for DSL service through a partnership with and investment in DSL service provider NorthPoint Communications Group, in San Francisco. The deal should add to revenue next year and beyond, as RadioShack offers consumers high-speed Internet services through its stores, Roberts said.

Tandy said it plans to invest up to $20 million in NorthPoint's IPO, expected May 3. In its April 19 registration filing with the U.S. Securities and Exchange Commission, NorthPoint said Microsoft may invest $30 million during the IPO.

Tandy said it will begin test-marketing NorthPoint DSL service in the Dallas-Fort Worth market, with expansion to an expected 28 markets by the end of the year.

NorthPoint offers service in 17 markets.

techweb.com
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