Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: ayahuasca who wrote (73412)	11/30/1999 12:54:00 AM
From: SMALL FRY	Read Replies (2) of 120523

Aya, Your favorite COVD may be the next "Baby Bell" according to this: Covad: Giant Steps for "the Next Baby Bell" (http://www.businessweek.com/today.htm) Unlike a lot of telecommunications startups, Covad Communications (COVD) didn't wait for precisely the right regulatory environment to begin operations. Instead, it began building a nationwide broadband network before it had an unambiguous green light from the Federal Communications Commission. A risky move -- but it proved to be wise once the FCC ruled on Nov. 18 that regional Bell operating companies have to let digital subscriber line (DSL) providers, such as Covad, deliver their services using the Bells' dual voice/data lines instead of limiting these companies to lines that carry only either voice or data. Covad's stock didn't move on the day of the announcement, but it had jumped 50% in the previous two months in anticipation of the FCC's decision. And it still has plenty of room to run, if all of Covad's plans fall into place. A special edition of Business Week Online is available on America Online, keyword: BW. SOURCE Business Week Online -0- 11/29/1999 /CONTACT: Joe Mandel of Business Week Online, 212-512-2489/ /Web site: businessweekonline.com (MHP)

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