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Technology Stocks : Covad Communications - COVD

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To: Jeff Olson who wrote (1178)9/8/2000 12:19:54 PM
From: Jon Tara  Read Replies (1) of 10485
 
FWIW, I am dropping my Covad DSL and moving to Rythms.

Reason: According to my ISP, Covad is no longer offering new DSL service to ISPs now that they have gone into retail themselves. My ISP can't offer new Covad service, and I am concerned that they would not be able to offer me a bandwidth upgrade, and could drop service at some time in the future.

Besides that, Rhythms is $20/mo cheaper, plus I will get a small bandwidth upgrade (from 184K to 256K). (This is for "commercial" service - multiple IPs, server hosting, etc. - my bill will go from $140/mo to $120/mo)

So, while Covad is going to pick up new retail customers, their existing customers that they got through ISPs are going to slowly drop away.

It's also left a bad taste with the ISPs (mine, at least...) which is going to be a roadblock if they re-think their decision.

Now, that said, I've traded the stock on this rally, because of the unexplained price behaviour. I LIKE unexplained price behaviour. :)

(Just wish I'd have picked up those Sept 20 calls at 1/4 the other day, though...)
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