To: Sly_ who wrote (478 ) 1/3/1999 9:00:00 AM From: BONZ Read Replies (1) | Respond to of 956
Here is an interesting story. 1999 starts off where 1998 ended. I believe 1999 will see a complete restructuring of the ISP environment in the US. Consolidation and new technology will be KING. Local ISPs providers are seeing folks make a lot of money in running internet companies, but they are not sharing in the fun. These entrepreneurs will be looking for creative ways to get on the public market. The USRF tech is a good way to differentiate your ISP and good ones can be bought out by USRF. Don't look for these little guys to just sit back and let AOL, MSPG, GEEK and RMII rule the roost. IMO this bode wells for USRF. Do your own thinking and DD. I have been long USRF for the last year and will be for most of 1999. Here it is from CNNFN: Web service firms link up SuperNet and 16 other 'Net service providers will help form OneMain.com January 1, 1999: 1:37 p.m. ET NEW YORK (CNNfn) - Internet service provider D&E SuperNet is banding together with 16 other online service providers to create a national Internet company called OneMain.com. The combination of D&E SuperNet, which is 50 percent owned by a subsidiary of D&E Communications Inc. (DECC), and the other service providers is contingent upon the successful completion of an initial public offering by OneMain.com, S&E Communications said in a statement Thursday. OneMain's offering is slated to begin in the first quarter of 1999. In a statement from its Southampton, N.Y. headquarters on Dec. 30, OneMain said it was seeking permission from the Securities and Exchange Commission to offer up to $125 million of its common stock. The company said it planned to provide Internet access and related services to individuals and businesses through the 17 service providers mostly in secondary, tertiary and rural markets throughout the United States. OneMain said the combined firms had about 273,000 subscribers as of Sept. 30, 1998. The offering is being managed by BT. Alex Brown Inc. and Soundview Technology Group. Wit Capital Corp. is serving as the offering's electronic manager. The Lancaster County, Penn.-based D&E SuperNet, created in 1995 as a partnership between SuperNet Interactive Services and D&E Communications, is a regional Internet service provider. D&E Communications is a global telecommunications company. Its D&E Telephone Co. subsidiary is the 31st largest in the United States. Through its subsidiaries, D&E offers local and long distance telephone service, custom calling features, telephone and data systems for businesses, computer networking services, in addition to digital mobile phone service and SuperNet Internet access. Shares of D&E Communications ended up 7/8 at 14-3/8 Thursday on the Nasdaq. home | digitaljam | contents | search | stock