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Technology Stocks : Westell WSTL

WSTL 5.510

-3.0%

Nov 21 9:30 AM EST

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To: P314159d who wrote (20312)	9/11/2000 3:36:41 PM
From: max power	Read Replies (3) of 21342

Monday September 11, 3:29 pm Eastern Time Covad to supply DSL to SBC in $600 mln deal SANTA CLARA, Calif., Sept 11 (Reuters) - Broadband provider Covad Communications Group Inc. (NasdaqNM:COVD - news) on Monday said it had signed a $600 million deal with SBC Communications, Inc. (NYSE:SBC - news) to provide DSL to SBC for six years. SBC would also invest $150 million to purchase a stake in Covad, equivalent to approximately 6 percent, the companies said in a joint news release. The deal pends antitrust and regulatory approval. ``This changes the market dynamics and demonstrates that customer demand for broadband is so strong that two industry leaders can set aside past disputes and cooperate to deliver DSL faster and to a wider range of customers,'' said Robert Knowling, Covad president and chief executive. any thoughts on how/if this impacts wstl?

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