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Technology Stocks : Rhythms NetConnections Inc. (RTHM) -- Ignore unavailable to you. Want to Upgrade?

To: SteveG who wrote (22)	4/6/1999 9:01:00 PM
From: LABMAN	Respond to of 378

FROM BLOOMBERG SEARCH SITE Enter keyword: View Site Map STOCK QUOTES Enter symbol: Lookup symbol NEWS Top Financial News Top World News Stock Market Update Technology U.S. Economy Columns STOCKS Stocks on the Move Chart Builder World Indices Movers by Exchange Stocks in the Dow S&P 500 Snapshot Industry Movers Most Active Options IPO Center Regional Indices RATES & BONDS Key Rates U.S. Treasuries International Bonds Muni Bond Yields CURRENCIES Currency Rates Cross Currency Rates Currency Calculator EMU Update COMMODITIES Most Active Futures Commodity Movers Energy Technology News Tue, 06 Apr 1999, 8:55pm EDT Rhythms NetConnections Inc. Raises $196.9 Million in IPO Rhythms NetConnections Inc. Raises $196.9 Million in IPO Englewood, Colorado, April 6 (Bloomberg) -- Rhythms NetConnections Inc., which provides high-speed access to the online world, raised $196.9 million before expenses in an initial stock sale. The Englewood, Colorado-based company sold 9.375 million shares at $21 each. That was $1 above the top of the $18-to-$20 range set by Merrill Lynch & Co. and Salomon Smith Barney Inc., which handled the sale. Merrill and Salomon raised the range from $15-to-$17 earlier in the day. Rhythms provides high-speed computer networking, Internet access and other services over existing telephone lines, connecting businesses with their satellite offices and remote workers, the company said in its IPO filing with the U.S. Securities and Exchange Commission. In January, Covad Communications Group Inc., which provides high-speed Internet access over copper telephone lines, gained 27 3/8 to 45 3/8 in its first day of trading after an initial public offering. Covad shares fell 1 9/16 to 68 7/16 today. Rhythms will trade under the symbol ''RTHM'' on the Nasdaq Stock Market. Hambrecht & Quist LLC and Thomas Weisel Partners LLC assisted in the transaction. ©1999 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks.

To: SteveG who wrote (22)	4/6/1999 9:15:00 PM
From: LABMAN	Read Replies (1) \| Respond to of 378

FROM IPO CENTRAL Rhythms NetConnections RTHM Leading a revolution in the way the world is connecting to the Internet, our pick of the week offers businesses and telecommuters DSL based Internet service. Over standard copper based wires, users can connect to the Net at speeds up to 100X the fastest dial up modems available today and 50X ISDN, the method of choice for most businesses. As more and more people get on the web every day, speed is becoming one of the biggest obstacles for web users. Companies that offer solutions to this obstacle are in high demand. While there are numerous regulatory issues surrounding the company's use of ILEC networks and it faces significant competition, management and backers are strong and the growth potential is enormous. Click here to obtain Rhythms NetConnections or other Renaissance IPO Reports