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.

Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Juli who wrote (12366)	12/7/1998 10:15:00 PM
From: Art Vandelay	Read Replies (1) \| Respond to of 19331

Jewel, Here is part of IIXC's last 10Q from Yahoo. Net operating revenue for the third quarter of 1998 increased by 35.4% over the third quarter of 1997 due in part to a $23.6 million increase in private line revenue. The private line increase reflected the impact of the Company's larger network and associated capacity available for lease in 1998. A significant portion of this improvement was from a large capacity contract with one Internet Service Provider ("ISP"). Net operating revenue in the third quarter of 1998 was also affected by a $15.9 million increase in switched long distance revenue due mainly to a 21.9% increase in wholesale billable minutes of use ("MOU"). A major portion of this increase was due to services provided to a debit card provider during the third quarter. The debit card provider has been a customer for switched long distance services for several years and became a significant customer in the third quarter due to the success of its sale of debit cards. In November 1998, the Company resolved certain billing and payment disputes with the customer and such resolution is expected to result in further significant increases in this customer's MOUs. In light of the dramatic increase in MOUs from this customer, the Company agreed (i) to credit certain of the customer's third quarter billings (which amount was adequately reserved at September 30, 1998) primarily to reflect reduced rates for increased volume; (ii) to decrease its current billing rates to reflect the customer's continuing increase in MOUs and (iii) to accept a secured note for approximately $16 million payable at the rate of $250,000 per week for prior services. Kathy McConnell Knight posted some good messages on this over on the Raging Bull Thread. I have not had time to examine it myself AV