Covad Communications - COVD Message Board

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Technology Stocks : Covad Communications - COVD

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To: 10K a day who wrote (2406)	11/21/2000 2:15:32 PM
From: BWAC	Read Replies (1) of 10485

The issues are getting way confused. Yes they did sell stock on everyones head. But nobody told you to go buy it at $10 Billion with no revenue. (Edit: well actually somebody did, the analysts who are dumping all over it at $450 million now). <They got Financing up the YING YANG> <They managed the financing like Sh#t> Yes. But they still have a lot of that money. And equipment in Central Offices to show for some of the money spent. Some was thrown away lavishly on advertsing or executive perks I am sure. <RTHM with 17 million in revenue last quarter.> Yes look at that. Yearly run rate of $80 Million on no further growth. Maybe $150 Million on current growth rate. RTHM current market cap $120 Million. Less than 1.5x sales if growth stops. Same with COVD. $450 Million market cap. $280 Million run rate on sales at no growth. What more do you guys want? These stock sucked at $25 or $30 or $40 given their current existing and immediate future state of business. Is that the same case today? Quit rear view driving. Look at things as they are today. (btw. It is certainly OK to point out that Hapka could buy all the float of RTHM right now right today just from the proceeds of her stock sales.)

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