Covad Communications - COVD Message Board

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Technology Stocks : Covad Communications - COVD

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To: rrufff who wrote (2666)	11/30/2000 2:58:33 PM
From: BWAC	Read Replies (1) of 10485

For a few Billion? You overshot just a little: NPNT $70 Million COVD 328 Million RTHM $80 Million Total for DSL Land: $470 Million, plus the debt on hand, less the cash on hand of $1.8 Billion. I've already tried to get a buyout group up. I just want the cash hoard. My whole business plan centers around firing all executives, stopping system buildout, concentrating on increasing customers cities/system already in place. The stumbling block seems to be the debt. Of course without the debt we wouldn't have the central office equipment in place. We'll need to employ Jane to trade the $1.8 Billion in order to pay it off within 2 years. I figure take $1.8 Billion in cash invest it today, write in the money covered calls each month, and repeat; that we could pay the debt off in 12 months. And still have our trading capital later. Then sell a little dsl on the side, and thow of some nice dividends. Meanwhile dsl will achieve critical mass and our little business will be generating an operating profit.

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