| | Business Summary | | Rhythms
NetConnections
Inc.
is
in
the
business
of
providing
broadband
local-access
communication
services
to
large
enterprises,
telecommunications
carriers
and
their
Internet
service
provider
(ISP)
affiliates
and
other
ISPs.
The
Company's
services
include
a
range
of
high-speed,
always-on
connections
that
are
designed
to
offer
customers
both
cost
and
performance
advantages
when
accessing
the
Internet
or
private
networks.
The
Company
uses
multiple
digital
subscriber
line
(DSL)
technologies
to
provide
data
transfer
rates
ranging
from
128
kbps
to
8.0
Mbps
delivering
data
to
the
end
user,
and
from
128
kbps
to
1.5
Mbps
receiving
data
from
the
end
user.
In
August
2001,
the
Company
and
all
of
its
wholly
owned
United
States
subsidiaries
voluntarily
filed
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
Also
in
August
2001,
the
Company
sent
31-day
service
termination
letters
to
all
of
its
customers. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Rhythms
NetConnections
provides
high-speed
data
communications
services
on
an
end-to-end
basis
to
business
customers
and
end
users
utilizing
digital
subscriber
line
(DSL)
technology.
For
the
three
months
ended
3/31/01,
revenues
totaled
$19
million,
up
from
$6.3
million.
Net
loss
applicable
to
Common
rose
69%
to
$203.4
million.
Results
reflect
an
increased
number
of
DSL
subscribers,
offset
by
increased
network,
personnel
and
depreciation
costs
and
increased
losses
on
investments. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000 Pay | |
| Steve Stringer, 46
Pres,
CEO, Chief Operating Officer | $955K | John Braukman, 47
CFO,
Exec. VP | 3.0M | Scott Chandler, 39
Sr.
VP of Global Bus. Devel. | 720K | Rand Kennedy, 43
Sr.
VP, Networks | 734K | | Dollar amounts are as of 31-Dec-2000 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
|
|
