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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (8325)	4/12/2001 3:05:20 PM
From: Jay Hardy	Read Replies (1) of 19633

SS GSPN @ 23. COVD saved from Chapter 11 . SANTA CLARA, Calif.--(BUSINESS WIRE)--April 12, 2001--Verizon's operating subsidiaries in New York and Massachusetts recently eliminated the rate structure that tripled collocation power rates charged to Covad Communications (Nasdaq:COVD - news) and other competitive local exchange companies. The re-structured power rates start immediately and are expected to save Covad, the leading national broadband services provider utilizing DSL (Digital Subscriber Line) technology, millions of dollars in power charges. In New York state alone, Covad could save as much as $2.9 million annually. Have a great Easter Extended Weekend Everyone.

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