Reverse Convertible Note

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Reverse Convertible Note

A security that combines aspects of a stock and a bond. An RCN operates like a debt security that pays a fixed coupon, which is usually higher than the coupons for regular bonds. At maturity, the holder may choose to receive a certain amount of stock or cash equal to the value of that stock. RCNs allow the investor to diversify his/her portfolio while only incurring the expense of a single investment vehicle.
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Contact details: RCN Contact: Jamie Hill, SVP Treasury and Risk Management Telephone: 301-531-2720 Email: James.
RCN InterACTION Games and RCN InterACTION Kids allow customers to download from a wide selection of over 170 games, and educational software titles.
In addition to results presented in accordance with Generally Accepted Accounting Principles, RCN presents non-GAAP financial measures, such as EBITDA, both as reported and on a pro forma basis.
RCN users can take full advantage of the Mach 10 speeds when using RCN's recently launched RCN interACTION Music.
RCN will provide details to its fourth quarter 2008 conference call and webcast separately.
This is the second time in the last 12 months that RCN has increased the speed of its cable modem service at no additional cost to its customers.
With the launch of RCN Impulse and RCN MegaModem in Manhattan, we continue our commitment to our customers to provide them with the latest technology.
RCN in Boston serves the communities of Allston, Arlington, Boston, Brighton, Brookline, Burlington, Dedham, Dorchester, Framingham, Hyde Park, Lexington, Milton, Natick, Needham, Newton, Roslindale, Somerville, Stoneham, Wakefield, Waltham, Watertown, West Roxbury and Woburn.
RCN customers benefit from faster speeds, superior technology and a reliable network.
BOSTON -- RCN Corporation (NASDAQ: RCNI), a leading provider of all digital television, high capacity data and voice services, is now the Official Cable Provider of the Boston Blazers.
Whether its being the first local cable company to carry the Nationals baseball games, or the first company to provide bundled Cable TV, Internet and Telephone broadband service, RCN connects our customers to something more," said VP and General Manager Richard Wadman.
RCN Metro Optical Networks, a division of RCN Corporation (NASDAQ: RCNI) and a premier provider of fiber optic-based network solutions, announced today that Ballista Securities, operator of the new Ballista ATS for block options and delta neutral orders, will be using RCN Metro's Ethernet network to connect to the major trading floors in New York and Chicago.