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Technology Stocks : Covad Communications - COVD
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To: Captain James T. Kirk who wrote (4053)4/27/2001 11:41:54 AM
From: BWAC  Read Replies (1) of 10485
 
Hmmmm. I think the focus may be off a little. Its not about COVD's earnings anymore, nor the annual report, nor the business plan, nor the demand for dsl. All that went out the window when the markets focus changed from patience with telcom business plans to worry over the debt. Actually panic over the debt. In this environment the market will be a long time "seeing the broghter side" much less foucusing on COVD's future potential. The market can't see past todays fear right now. Nor can those investors who can or who are willing to see, generate enough power to reverse the current course of bs and fear. Thus the current powers that be which want to see COVD out of business prevail.

If you are looking to a specific event that will make or break COVD. Then it is which group of investors wins the power struggle. Wrong group wins, COVD is permanently shut out of the capital markets and goes under. Period. No matter how many customers they sign before year end.
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