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Technology Stocks : Aware, Inc. - Hot or cold IPO?

AWRE 2.100

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Dec 10 3:59 PM EST

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To: Scrapps who wrote (8919)	5/16/2000 9:00:00 AM
From: Perry P.	Read Replies (1) of 9236

This is pretty cool: Company Press Release Covad is Awarded $27.2 Million in Arbitration Against Pacific Bell SANTA CLARA, Calif.--(BUSINESS WIRE)--May 16, 2000--Covad Communications (Nasdaq:COVD - news), the leading national broadband service provider utilizing Digital Subscriber Line (DSL) technology, announced today that the American Arbitration Association (AAA) has issued its Intended Award of Damages to Covad in the company's arbitration hearings against Pacific Bell for violations of the Telecommunications Act of 1996. The arbitrators have awarded Covad $27.2 million plus attorneys' fees and costs which is in addition to the panel's January 1999 interim decision to award Covad $257,166 in damages and $474,995 in attorneys' fees and costs. In November 1998, the arbitrators determined that Pacific Bell had violated the Telecomm Act as well as its contract with Covad by failing to timely deliver collocation space and operable loops. ``Although Covad anticipates that Pacific Bell will challenge the award, we are pleased with the ruling,'' said Dhruv Khanna, executive vice president, general counsel and secretary of Covad. ``We expect this ruling to provide additional incentives to all incumbent phone companies to supply services to Covad in a timely manner and comply with the requirements of the Telecomm Act.'' Perry P.

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