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Technology Stocks : Rhythms NetConnections Inc. (RTHM) -- Ignore unavailable to you. Want to Upgrade?

To: Highway Jim who wrote (315)	9/18/2000 7:55:52 PM
From: BWAC	Read Replies (1) \| Respond to of 378

Good deal Jim, Do you realize you paid only $8 3/4 for a company with $11 cash per share to spend in growing the company? And then you get this news after the close: Monday September 18, 4:05 pm Eastern Time Press Release SOURCE: Rhythms NetConnections Inc. Rhythms NetConnections Estimates Third Quarter Results ENGLEWOOD, Colo., Sept. 18 /PRNewswire/ -- Rhythms NetConnections Inc. (Nasdaq: RTHM - news), an international provider of broadband communication services, today announced estimates for certain operating results for its third quarter, ending September 30, 2000. Revenue for the third quarter is expected to be in the range of $17 million to $18 million, in line with analyst expectations and up 40% from $12.2 million in the second quarter of 2000. This compares to revenue of $3.3 million for the third quarter ended September 30, 1999. As of September 30, 2000, Rhythms expects to have in the range of 45,000 to 47,000 digital subscriber lines (DSL) in service, representing an approximate 45 to 50 percent increase over the 31,100 DSL lines in service at the end of the second quarter 2000 and in line with analyst expectations. Rhythms estimates that had it not been for the Verizon work stoppage, its installed subscriber base for the 2000 third quarter would have been higher by approximately 2,000 lines. The third quarter lines installed will be a significant increase over the 6,700 DSL lines in service as of September 30, 1999. Reflecting the continued deployment of its national network, earnings before interest, taxes, depreciation and amortization of deferred expenses (EBITDA) for the third quarter 2000 is expected to be a loss in the range of $116 million to $119 million, also in line with analyst expectations. This compares to an EBITDA loss of $106.2 million for the second quarter 2000 and EBITDA loss of $47.1 million for the third quarter ended September 30, 1999. ``These anticipated results demonstrate that we continue to meet our growth targets,'' said Catherine Hapka, chairman and CEO of Rhythms. ``We believe our current cash position will fund our operations through the end of 2001 and we remain one of the few independent national DSL-broadband providers focused on meeting the demands of the broadband industry.''