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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?

To: Ken Turetzky who wrote (1851)	1/22/1998 6:59:00 PM
From: bob zagorin	Read Replies (1) \| Respond to of 5650

the beat goes on: "RCN acquires major east coast ISPs RCN Corporation announced Wednesday that it had signed definitive agreements to acquire Boston and Washington's largest Internet service providers UltraNet Communications Inc. and Erol's Internet Inc. for a combined $110.5 million in cash and RCN Common stock. The two Net providers serve 325,000 subscribers. David C. McCourt, RCN's chairman and CEO, explained the strategy behind the deals saying "They give us an opportunity to offer our phone and cable services to a much larger existing customer base." RCN Corporation is currently providing local phone, long distance, cable television and Internet access in several markets in the Boston to Washington, D.C. corridor. McCourt crowed about the expansion of his company, suggesting these deals are only a start. "We're going to be bigger than Bell Atlantic in all measurements, in the not too distant future," he told the New York Daily News..."