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Strategies & Market Trends : LastShadow's Position Trading

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To: Susan Saline who wrote (24736)	11/11/1999 11:05:00 AM
From: AlienTech	Read Replies (2) of 43080

=DJ Rhythms Net CEO Leaves Profit Predictions To Analysts NEW YORK (Dow Jones)--Rhythms NetConnections Inc.'s (RTHM) chief executive defers to analysts on when the company will turn a profit. "I'll turn that over to the analysts," Catherine Hapka said when asked when Rhythms will turn a profit in a CNBC interview Thursday. "The analysts are who we always refer to." Rhythms reported a third-quarter loss of 89 cents a share Wednesday, narrower than the consensus estimate of a 97-cent loss compiled from First Call/Thomson Financial analyst surveys. Hapka said the company receives an average of about $131 a month in revenue for each high-speed Internet line it provides. Rhythms targets primarily small and medium-size businesses, she said. Some small businesses may only have one connection to a local area network, but the company also reaps revenue from services it provides over each line, she added. The market for high-speed Internet connections is "white hot," Hapka said. - Christine Nuzum, Dow Jones Newswires; 201-938-5172 (END) DOW JONES NEWS 11-11-99 10:51 AM

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