Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: dtech114 who wrote (78695)	4/14/1999 10:40:00 PM
From: Amy J	Read Replies (1) \| Respond to of 186894

Thanks Dtech for the information on Aware and how it relates to Intel etc. I noticed another DSL company just recently had an IPO. Do you know who the VCs are in this particular industry? Regards, Amy J

To: dtech114 who wrote (78695)	4/15/1999 10:28:00 PM
From: Amy J	Read Replies (1) \| Respond to of 186894

Dtech, William, Doughboy- Rhythm had MS & Kleiner Perkins money. Appears no Intel money? Rather nice IPO. Looks like DSL is finally getting the attention it needs - this will help pull Intel's high-end CPU demand in the consumer market. Amy J This is a week old, but... Rhythms rocks on debut High-speed Net player closes up 229 percent By Darren Chervitz, CBS MarketWatch Last Update: 8:31 PM ET Apr 7, 1999 Net Stocks Internet Daily NEW YORK (CBS.MW) -- Wall Street once again felt the need for speed Wednesday, welcoming Internet access provider Rhythms NetConnections with open arms. Rhythms NetConnections (RTHM), Renaissance Capital's pick of the week, opened for trading at 56. That was good for a 167 percent premium to the $21 offering price, which came in well above original estimates for a $15 to $17 offering price range listed in the company's earlier IPO registration statements. The stock added an additional 13 1/8 points by the end of trading, closing at 69 1/8 with more than 12.6 million shares changing hands. Englewood, Colo.-based Rhythms NetConnections offers its high-speed technology, known as digital subscriber line, in 10 U.S. markets. With DSL, companies can access the Internet at speeds of up to 100 times traditional dial-up modems. The company says in its prospectus that it intends to begin operations in an additional 23 markets by the end of the year with 17 more markets added by the end of 2000. Financial results for the fledgling telecommunication company aren't surprising, considering it first offered commercial service in San Diego last April. Rhythms generated losses of more than $36.3 million on sales of $528,000 last year. Rhythms recently entered into a marketing agreements with Microsoft and MCI Worldcom (WCOM), each of which invested $30 million in the newly public outfit. Other backers include the Silicon Valley venture capital firm Kleiner Perkins, which funded Amazon.com, and a unit of Enron Corp. Rhythms NetConnections followed the success of Covad Communications, another provider of DSL technology that recently went public. Covad Communications (COVD) shares, priced at $18 in the January offering, dropped 3 7/16 to 65 Wednesday. Covad enjoys a market cap of $3.16 billion, while Rhythms closed its first day worth more than $4.88 billion. Internet-related IPOs expected later this week include Delia's iTurf subsidiary and Value America, both of which recently increased the estimated size of their deals.