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Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet
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To: BostonView who wrote (460)10/5/1999 4:36:00 PM
From: David Wiz  Read Replies (1) of 720
 
Here it is. I think this is better news than the Paul Allen investment:

* RCN CORP expects to be cash-flow positive for the full year 2001
and have "very significant" positive cash-flow by 2003, chief
financial officer Bruce Godfrey said. Godfrey said in a conference
call that under its current roll-out schedule, RCN expects to
achieve positive earnings before interest, taxes, depreciation and
amortization in the full year 2001. For the first half of 1999,
the company lost $46.8 mln on the same EBITDA basis. (Reuters
03:49 PM ET 10/04/99) For the full text story, see
infobeat.com
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