The last line of my message to lee yesterday is almost spooky..after reading this morning's COVD news release!
Covad Expands High-Speed Broadband Network in Seattle Area Business
10:17
Editors/High-Tech Writers
SANTA CLARA, Calif.--(BUSINESS WIRE)--June 22, 2000--
Fast, Always-on Internet Access Now Available for Household
Consumers and Businesses in Olympia and Bremerton
Covad Communications (Nasdaq:COVD), the leading national broadband
services provider utilizing Digital Subscriber Line (DSL) technology,
announced that it is expanding the availability of its high-speed,
always-on DSL service in the Seattle area and is now offering
broadband services in Olympia and Bremerton, Wash.
"Covad's expansion into these two areas will allow us to provide
top-notch Internet service to even more homes and businesses in the
greater Seattle area," said Bob Grant, Covad's Western Region
president and general manager. "We believe that once people experience
the full power of the Internet they'll never want to go back to
dial-up access."
Covad offers users a quick and easy way to utilize the maximum
capabilities of the Internet by providing access over existing copper
wires. Customers can experience streaming audio and video, short
download time, and other high-bandwidth applications without waiting
for dial-up, busy signals, and phone-line congestion that can limit
effectiveness and accessibility to today's Internet.
Covad's service will ultimately be made available to more than
6,000 businesses and 60,000 households in the Olympia area in addition
<26>to 4,000 businesses and 46,000 households in the Bremerton area. Covad
to 4,000 businesses and 46,000 households in the Bremerton area. Covad
sells its DSL services through both local and national Internet
Service Providers (ISP) across the nation. This expanded coverage
brings Covad's service to more than 108,000 businesses and one million
households in the Puget Sound area.
With more than 100,000 DSL lines nationwide, Covad has the largest
high-speed network of any data local exchange carrier. Covad's
expansion in the Seattle area exemplifies Covad's commitment to
unparalleled quality and accessibility in broadband Internet access.
Covad offers two products: TeleSpeed(TM) service, targeted to
businesses; and TeleSurfer(SM), appropriate for households. Covad DSL
provides connections up to 50 times faster than 28.8K modems and
Covad's dedicated single-user connections provide an always-on
connection that is more flexible than cable modems.
About Covad
Covad is the leading national broadband services provider of
high-speed Internet and network access utilizing Digital Subscriber
Line (DSL) technology. It offers DSL, IP and dial-up services through
Internet Service Providers, telecommunications carriers, enterprises,
affinity groups, PC OEMs and ASPs to small and medium-sized businesses
and home users. Covad services are currently available across the
United States in 81 of the top Metropolitan Statistical Areas (MSAs)
<50>and after the BlueStar acquisition is complete will be available in
and after the BlueStar acquisition is complete will be available in
100 MSAs. Covad services are expected to be available in 165 MSAs by
the end of 2000. At that time, Covad's network will reach more than 45
percent of all U.S. homes and 50 percent of all U.S. businesses.
Corporate headquarters is located at 2330 Central Expressway, Santa
Clara, CA 95050. Telephone: 888/GO-COVAD. Web Site: www.covad.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
The statements contained in this release which are not historical
facts may be deemed to contain forward-looking statements, including
but not limited to statements regarding the intention to deploy our
network in new and existing MSAs, the timing and breadth of coverage
in each MSA, and our ability to deliver audio, video and other
high-bandwidth applications . Actual results may differ materially
from those anticipated in any forward-looking statements as a result
of certain risks and uncertainties, including, without limitation, the
company's dependence on incumbent local exchange carriers for
collocation, unbundled network elements, transport and other
facilities, development of necessary technologies and operations,
ability to manage growth of our operations, and the need to raise
additional capital. For other risks and uncertainties applicable to
<73>our business refer to the Company's Securities and Exchange Commission
our business refer to the Company's Securities and Exchange Commission
filings.
--30--gm/sf* sdf/sf
CONTACT: Covad Communications
Scott Robinson, 303/785-2210
srobinso@covad.com
or
Alexander Ogilvy
Brendan Farnell, 415/923-1660 ext. 107
bfarnell@alexanderogilvy.com
KEYWORD: CALIFORNIA WASHINGTON
INDUSTRY KEYWORD: TELECOMMUNICATIONS HARDWARE INTERNET PRODUCT
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
|
