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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (17879)	4/23/2001 12:46:12 PM
From: Softechie	Read Replies (2) of 37746

HUH? Shares of Covad closed Friday at $12.19, down 25 cents. DJ Covad Commun Notice -2: To Keep Nasdaq Listing 23 Apr 05:59 SANTA CLARA, Calif. (Dow Jones)--Covad Communications Group Inc. (COVDE) received a Nasdaq delisting notice after the company didn't file its Form 10-K for the period ended Dec. 31. In a press release Monday, the broadband services provider said it will request a Nasdaq hearing this week. The company's stock will continue to trade on Nasdaq pending final decision. Covad expects to file its 10-K and 2000 results the week of May 7. The company cited "accounting complexities caused by the rapid growth" in its business and "the financial difficulties experienced" by some partners in 2000 for the filing delay. On Feb. 20, Covad said it was reviewing the internal procedures and controls used to implement its services contracts and bill its customers. Shares of Covad closed Friday at $12.19, down 25 cents. (END) DOW JONES NEWS 04-23-01 05:59 AM

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