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To: Jenna who wrote (31718)4/8/1999
From: puborectalis  Respond to of 120523
 
Rhythms NetConnections shrs speed ahead after IPO

NEW YORK, April 7 (Reuters) - Shares of Rhythms Netconnections Inc. (Nasdaq:RTHM
- news) raced ahead after their public debut Wednesday, reflecting the growing demand for
speedier access to the Internet.

The shares rose 48-1/2 to 69-5/8 during afternoon trade.

The provider of high speed, direct data access via Digital Subscriber Lines (DSL) has been
in great demand as businesses increasingly send information via the Web and other
networks.

''This company is receiving so much attention because there are only two like that (DSL providers) out there. Rhythms and
Covad, which just went public a couple of months ago,'' Paul Bard at Renaissance Capital said.

Competitor Covad Communications Group Inc. (Nasdaq:COVD - news), which went public on Jan. 22 at $18 a share, was
up 5-9/16 at 74 in afternoon trading on Wednesday.

In March, Rythms Netconnections received a $30 million private placement from Microsoft Corp. (Nasdaq:MSFT - news)
and MCI WorldCom Inc. (Nasdaq:WCOM - news), according to Steve Lacey at the IPO Reporter. As part of the deal, MCI
agreed to sell 100,000 DSL lines to the company within the next five years.

The company, already in 10 urban markets including Boston, San Francisco and New York, plans to expand services to 50
cities by the end of 2000, according to Lacey.

Rythms Netconnections targets mostly small- to mid-size businesses, particularly ''teleworkers'', including employees working
from home or traveling on business who need a speedy connection to their home base.

Northpoint Communications, is another provider of high- speed data that is expected to go public at the beginning of May in a
deal underwritten by Goldman Sachs.

''These companies can co-exist. There is plenty of opportunity for them,'' Bard said.



To: Jenna who wrote (31718)4/8/1999 12:07:00 AM
From: kha vu  Read Replies (2) | Respond to of 120523
 
Internet valuation...

msnbc.com



To: Jenna who wrote (31718)4/8/1999 12:23:00 AM
From: wade baskin  Respond to of 120523
 
Jenna--didn't figure you were up this late in moonlit florida so i didn't want to bother you again , but can you tell me, WHASSUP WIDDIS?? earlier you said e- was sent giving tomorrow's WL but still ive not been the recipient of such. am rapidly going into widdrawals. no known cure or anti-venom so please help!!



To: Jenna who wrote (31718)4/8/1999 12:56:00 AM
From: HarryF  Respond to of 120523
 
Greetings Jenna and threaders: After far too long lurking as a non-SI-member, I finally sprang for a life-time SI membership. (I've been an MG subscriber for about 4 months) Over a long period of browsing threads and false leads and hype, I have found that I only follow about 3 threads, and this is definitely one of the best. Jenna - I have gained an incredible amount of respect for you - your dedication, knowledge and commitment is phenomenal! I hope that we can all continue to learn and prosper together. Thanks to all for your contributions!



To: Jenna who wrote (31718)4/8/1999 1:08:00 AM
From: croonerjim  Respond to of 120523
 
Jenna--thanks from the West Coast for the e mailed WL. Up until now I had to get up very early to get the WL and do my research before the opening. Now I can do it before I go to bed. FYI--I have been a subscriber for about a month--17 closed trades, 10 profitable with an average gain of 16%. Five losses average only 4%--two BE. Holding three with profits at this moment. My thanks to you for your hard work-this is FUN! JIM



To: Jenna who wrote (31718)4/8/1999 1:41:00 AM
From: Walter Thomi  Respond to of 120523
 
Jenna, thanks also from Europe for the Watch List by mail, early in the morning. Now we can do our DD.
Walter



To: Jenna who wrote (31718)4/8/1999 1:58:00 AM
From: Adelle  Read Replies (1) | Respond to of 120523
 
Jenna,
Adding my two cents worth-LOVE the watch list so early also!!!



To: Jenna who wrote (31718)4/8/1999 3:20:00 AM
From: SMALL FRY  Respond to of 120523
 
Jenna,

I just have to say something about this WL...gosh, golly... I'm speechless. Love the fact that like everyone else here in the right coast we can do our DD before midnight PST... great job...

SF