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Technology Stocks : Rhythms NetConnections Inc. (RTHM)

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To: Pruguy who wrote (231)12/21/1999 8:08:00 PM
From: DOUG H  Read Replies (1) of 378
 
pruguy, sorry to take so long getting back to you on this:

From CBS mMarketwatch on the 16th.
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--9:29 am Digital Island climbs on Rhythms, AOL tie-ups
Digital Island (ISLD: news, msgs) is moving 8 7/8 higher to 139 over Island. The company, which is merging with Sandpiper Networks, announced that it has entered into a strategic alliance with Rhythms NetConnections (RTHM: news, msgs) to provide DSL-based e-business services. Rhythms' shares are up 31/32 at 37. Separately, America Online (AOL: news, msgs) said it will become a customer of Sandpiper's content delivery network. Sandpiper will also providing guaranteed payments to AOL for continued presence of its servers within the AOL network.
>>>>>>>>....>>>>>>>>>>>>>>

I may have misinterpreted, this appears to be two seperate deals in one release. Lotta lockup shares being sold now. I bought in at $30.
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