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Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet

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To: r.s. donnell who wrote (14)2/4/1998 10:40:00 AM
From: jas cooper  Read Replies (1) of 720
 
Any particular reason that you were not impressed with the chairman of RCN?

Just a general feel. Although he feels confident about RCN's ability to get significant market share, he didn't seem to have solid numbers and information to back that up.

If I also recall correctly, he had just received additional financing through a bond issue or something, and seemed quite full of himself for raising the cash. I don't view this as an accomplishment, and to me, displays a certain immaturity.

I may be way off base, but I didn't get a feel that made me want to run out and invest yet in RCNC, especially at these prices. I am also an Erol's customer, and am not terribley happy with the service. They are oversubscribing faster than AOL, and can't keep up with it. I wonder what RCN is getting for their $100mm+?

BTW, the guy who started Erol's, was in the video rental business before ISP. He sold that one out to Blokbuster for a bundle.

jas
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