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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?

To: lazarre who wrote (556)	2/21/1999 7:15:00 PM
From: Mark[ox5]	Read Replies (1) \| Respond to of 779

Right.. however I think they they are looking at the more "pure" plays on the internet for the index Did you see GBLX the past 3 weeks? Its been on a tear...even in the down market it has done well... went up 10% Friday alone. Its market cap is about 2/3 that of QWST, so while I find GBLX expensive, maybe comparitively speaking it isnt. Their first completion of their Europe-US fiber line as well as a stock split are coming in March. Also on Thursday nite.. I kid you not.. they were mentioned 4 times on CNBC from the 5:30 PM to 7:30 PM time frame... once on the "Hidden Gems" news special, once on a call in from a viewer to an analyst on the "Hold/Buy/Sell" segment, and twice other than that. Kind of blew my mind. Mark

To: lazarre who wrote (556)	2/21/1999 9:08:00 PM
From: Mark[ox5]	Read Replies (1) \| Respond to of 779

Laz, found this on one of your favorites.. looks really good! Technology News Sun, 21 Feb 1999, 9:03pm EST RCN Corp. Hopes to Unseat Telecom Giants With Triple Service RCN Corp. Hopes to Unseat Telecom Giants With Triple Service New York, Feb. 19 (Bloomberg) -- RCN Corp. Chairman and Chief Executive David McCourt said offering cable-TV, telephone and Internet service to homes via one network will help his company win market share from much larger competitors including AT&T Corp., MCI WorldCom Inc. and Bell Atlantic Corp. The Princeton, New Jersey-based company's triple approach gives it an edge as most of its competitors only offer two of those services, McCourt said. ''The telecommunications industry is going through a sea change,'' McCourt said after he won the entrepreneur of the year award from the Harvard Business School Club of Greater New York, the first time the award was given. ''The incumbent provider never becomes dominant.'' The company is building fiber-optic networks to deliver its services to homes in the major cities it serves, including New York City, Boston and San Francisco, hoping to profit in these high-density regions. RCN is focusing on these areas because it can reach more clients there with one fiber optic cable, than it can in sparsely populated rural and suburban areas. ''Forty percent of telecommunications traffic in the country is concentrated in 6 percent of the U.S. geography,'' McCourt said. Raising Money RCN said in a government filing Feb. 1 that it will sell as much as $1 billion of debt and equity to fund operations and meet general corporate needs. McCourt declined to give further details. He said he doesn't expect the company, which he founded in 1997, to make a net profit for six or seven years. For the year ended December 31, RCN lost $48.5 million before interest, taxes, depreciation and amortization, almost seven times the $7.9 million it lost the previous year. Still, revenue rose 92 percent to $245.1 million. The company, the sixth-largest U.S. Internet service provider with 500,000 customers, hopes that combining the four online units it bought in the past year under a single brand name, using RCN's own fiber optic network, will help it nab a bigger share of the booming market for Internet service. Other finalists for the Harvard Business School Award included privately held Biztravel.com, CD Radio, TheStreet.com and StarMedia Network Inc. The Harvard Business School Club of Greater New York, a New York area business association, has more than 1,200 members. This year's HBSC/NY Entrepreneurs' Conference and Awards was the first such event held by the club. RCN slipped 1/4 to 24 1/2.