| Business Summary | | RCN
Corporation
delivers
bundled
communications
services
to
residential
customers
over
its
own
network.
As
of
year-end
2000,
the
Company
was
operating
in
Boston,
New
York,
Philadelphia
suburbs,
Washington,
DC,
Chicago,
San
Francisco
and
Los
Angeles.
The
Company's
bundled
services
are
provided
in
its
ResiLink
packages,
which
enable
residential
customers
to
enjoy
phone,
cable
television
and
Internet
services
for
a
flat
monthly
price.
In
addition
to
ResiLink,
the
Company
sells
phone,
cable
television
and
dial-up
Internet
services
to
residential
customers
on
an
a-la-carte
basis,
as
well
as
provides
communication
services
to
commercial
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RCNC
is
a
provider
of
bundled
local
and
long
distance
phone,
cable
television
and
high-speed
Internet
services
with
voice
and
video
through
broadband
fiber-optic.
For
the
six
months
ended
6/30/01,
revenues
rose
44%
to
$216.9
million.
Net
loss
applicable
to
Common
totalled
$934.8
million
vs.
a
loss
of
$361.6
million.
Revenues
reflect
the
growth
in
average
service
connections.
Net
losses
reflect
an
increase
in
stock-based
compensation
expense
and
the
goodwill
write-off
of
$481.7
million. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| David McCourt, 43 Chairman,
CEO, Director | $2.9M | Michael Adams, 42 Pres,
COO, Director | 695K | Robert Currey Vice
Chairman | -- | Timothy Stoklosa, 39 Exec.
VP, CFO, Treasurer | -- | John Jones, 33 Exec.
VP, Gen. Counsel and Corp. Sec. | 423K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|