Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet -- Ignore unavailable to you. Want to Upgrade?

To: Joan Sherman who wrote (37)	3/18/1998 9:29:00 PM
From: William Nelson	Respond to of 720

Well, don't forget it went from 35-60 in 6 weeks and they haven't implemented very much of their business plan yet...so this is a pretty reasonable correction. This legal thing is worrying though. I too will call IR and see what they say. Clearly there was a reason cable companies were given monopolies to begin with, so why doesn't it still apply?? I never thought that one through.

To: Joan Sherman who wrote (37)	3/19/1998 4:42:00 AM
From: Baudwalker	Respond to of 720

Thanks for the response, Joan. Please share what IR has to say. In hopes of stimulating information flow on this thread, I am including a reference to another recent legal issue. This one is localized to the Liberty Cable buyout in NYC and should not have a major impact on RCN business in general. Excerpt from 03/17/98, Daily Variety Page 4 Copyright 1998 Variety, Inc. ÿ "WASHINGTON --- Thousands of upscale New Yorkers in 19 Manhattan buildings may be looking for a new cable TV provider now that an administrative judge found that Liberty Cable --- purchased last year by RCN Corp . --- used unauthorized microwave links to hook up subscribers and then lied to the FCC about its actions. The ruling specifically addresses 19 buildings, but notes that as many 93 buildings rely on unauthorized microwave links to receive cable services. When Liberty sold itself to RCN last year, the only assets it withheld from the deal were the microwave licenses in question that are now held by Bertholdi Cable Co. --- the surviving entity of Liberty Cable. Bertholdi's sole assets are the microwave licenses, which in many cases are still being used by RCN to provide cable service. Now, Administrative Law Judge Richard Sippel has said Bertholdi has demonstrated is not worthy of the licenses --- even if it agrees to pay a $1 million fine." ---------------------------- C'mon all you silent RCN-ers out there, let's pool our thoughts and knowledge and ride this stallion to the buzzer!