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

To: Joe NYC who wrote (185)	1/2/1999 6:01:00 PM
From: Scott A. Trapp	Read Replies (1) \| Respond to of 720

For those of you that don't get the Omaha paper: RCN Leads Midlands Gainers BY MELINDA NORRIS WORLD-HERALD STAFF WRITER RCN Corp.'s announcement that it has merged its four newly acquired Internet service provider operations under one name to increase marketing power boosted the company's stock 32.24 percent for the week. RCN of Princeton, N.J., was among the top gainers in the Bloomberg Midlands Stock Index, an average of the stock prices of 68 publicly traded companies based in Nebraska or Iowa or of interest to the two states. RCN shares closed Thursday at $17.683/4. Level 3 Communications of Omaha owns a large stake in RCN, which provides cable television, Internet access and local and long-distance telephone services to residents in the Boston- Washington corridor. The index closed New Year's Eve at 233.92, up 4.26 percent for the week, with 46 company stocks rising, 17 declining and five staying the same. Michael Foods Inc. of Minneapolis posted an increase of 20.6 percent for the week, closing at $30. Michael Foods is the parent of M.G. Waldbaum Co., an egg-processing unit at Wakefield, Neb. Stuart Entertainment, a Council Bluffs-based gambling supplies company, had a 66.67 percent gain for the week. While there was no news to account for the upswing, Stuart has such a low per-share price - it closed Thursday at 40 cents - that any fluctuation makes it susceptible to large percentage moves. Likewise Red Oak Hereford, the Iowa-based beef marketer, showed a 29.41 percent decline for the week on its low-priced shares. Closing price was 75 cents a share. K N Energy Inc. was among area firms that experienced the biggest declines. The Lakewood, Colo.-based natural-gas pipeline company, which has operations in Nebraska, announced that 1998 earnings will be below analysts' estimates. The company said warm weather and the related decline in demand for gas is trimming profit gains. K N Energy experienced a 5.06 percent drop in its stock price for the week. It closed at $36.371/2. Valmont Industries, the Valley, Neb.-based manufacturer of irrigation equipment, saw its stock drop 5.13 percent to $13.871/2 this week.