Time for the rally caps?

Prodigy Communications (PRGY) was up 134 percent for the period, thanks to rate cuts and a revised deal with partner SBC. The two companies extended their DSL partnership to nine years (from three), and SBC will take on much of the cost to support DSL subs while PRGY focuses on providing content. In...

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Bibliographic Details
Published inBoardwatch magazine Vol. 15; no. 3; p. 36
Main Author Ferguson, Jack
Format Journal Article
LanguageEnglish
Published Golden Informa 01.03.2001
Subjects
Business conditions
Financial performance
Internet service providers
Telecommunications industry
United States
US
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Summary:Prodigy Communications (PRGY) was up 134 percent for the period, thanks to rate cuts and a revised deal with partner SBC. The two companies extended their DSL partnership to nine years (from three), and SBC will take on much of the cost to support DSL subs while PRGY focuses on providing content. In addition, earher in the month SBC agreed to provide PRGY a $110 million line of credit to keep the ISP going.
ISSN:1054-2760