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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: Steven Bowen who wrote (8981)	10/28/1998 9:48:00 AM
From: Steven Bowen	Read Replies (1) \| Respond to of 12468

The header of the ICIX report; Numbers look good to me, and the stock is off 8. I guess we'll see who has the guts to hold thru WinStar's report now. Intermedia Reports Third Quarter 1998 Results Reports Record Revenue and EBITDA Completes Data Services Agreement with Bell Atlantic TAMPA, Florida (October 27, 1998) -- Intermedia Communications Inc. (NASDAQ: ICIX) today announced record revenues and EBITDA for the quarter ended September 30, 1998. Revenue for the third quarter of $192.4 million was up 170 percent over third quarter 1997 revenues of $71.3 million. Competitive Local services revenue was up 271 percent over the year ago period. EBITDA for the third quarter increased 51 percent over last quarter, to $15.1 million, versus $10.1 million for the second quarter of 1998, and was up $28.4 million versus an EBITDA loss of $13.3 million for the third quarter of 1997. Revenue for the first 9 months of 1998 was $519.4 million, up 214 percent over the $165.3 million reported for the first 9 months of 1997. EBITDA of $15.4 million for the first 9 months of 1998 represented an improvement of $55.3 million versus an EBITDA loss of $39.9 million for the first nine months of 1997. "In the third quarter, Intermedia's employees continued to focus on the execution of our core Integrated Communications Provider strategy," said David C. Ruberg, Intermedia's Chairman, President, and Chief Executive Officer. "As a result, we achieved significantly better financial and operational performance. We also completed a data services agreement with Bell Atlantic. We expect that this agreement, in addition to the agreements we have signed with USWest and Ameritech, will add significant future upside in our growth."