good morning bryan, inph looking good, will be interesting to see what the board meeting brings today and earnings tonorrow...
earnings today for TWTC, have been trading this once since mid december... have lots of options in twtc and im looking for positive reaction from the street today on the 87% SURPRISE!!
first call estimate was 15 cent loss... twtc turned in a 2 cent loss, they have agreesssive expansion plans in place for this year, and that on top of 128% revenue growth in the past quarter!! let me know what you think...
kathy :)
http://dailynews.yahoo.com/h/nm/20000209/bs/timewarnertelecom_earns_1.html
Wednesday February 9 7:51 AM ET
Time Warner Telecom Narrows Loss
NEW YORK (Reuters) - Time Warner Telecom Inc., which provides fiber-optic telecommunications services to business, on Wednesday reported a smaller-than-expected fourth-quarter loss and said it plans to expand into eight to 12 new markets over the next two years.
The Colorado-based company, which went public last year, said it lost $2.3 million, or 2 cents per diluted share, in the last three months of 1999, compared with a loss of $24.3 million, or 30 cents per share, in the same period of 1998.
According to First Call/Thomson Financial, which compiles analysts' forecasts, Wall Street had expected the company to report a loss of 15 cents per share.
Time Warner Telecom (NasdaqNM:TWTC - news), said it plans to fund the first wave of its expansion, which includes development in cities such as Atlanta, Chicago and Minneapolis, with a $400 million senior credit facility that Chase Securities Inc. has agreed to secure.
''The expansion of our network is the result of incredible customer demand for local bandwidth,'' Time Warner Telecom Chief Executive Larissa Herda said in a statement.
Currently, Time Warner Telecom offers high-speed data, Internet and voice services in 21 U.S. metropolitan areas. Services in three additional markets -- Los Angeles/Orange County, Calif., Fayetteville, N.C., and Dayton, Ohio -- will be operational by mid-year, the company said.
Time Warner Telecom's revenues grew to $91.5 million in the fourth quarter from $40.1 million a year earlier.
For the full year 1999, Time Warner Telecom reported a loss of $89.3 million, or 93 cents a share, on revenues of $268.8 million, compared with a 1998 loss of $92.7 million, or $1.14 a share, on revenues of $121.8 million.
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