Covad Communications - COVD Message Board

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Technology Stocks : Covad Communications - COVD

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To: LiPolymer who wrote (1182)	9/9/2000 12:37:02 PM
From: LiPolymer	Read Replies (1) of 10485

IMHO sell-off was due to SBC "Project Pronto" PR. Can you guess what time the news hit the wires? bigcharts.com IMHO the FCC would not have granted this approval, save for this condition: biz.yahoo.com "We are pleased with the FCC ruling, which allows SBC to bring the benefits of broadband Internet service to millions of consumers who were previously outside the range of our DSL service," said Mike Turner, president, SBC broadband services. "In addition to expanding our DSL footprint, the neighborhood gateways will also enhance the quality of our network, making it easier to provide voice and data services. Unlike cable modem service, our lines are open to competitors - so our deployment won't just benefit SBC and our customers, it will benefit other DSL providers as well." I believe the sell-off was way overdone, and that deep pockets capitalized on a bit of initial fear and confusion in regards to the FCC ruling, with help from an overall down market day. Note the strong uptick on COVD right at the close.

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