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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: zbyslaw owczarczyk who wrote (11206)5/5/2001 1:42:13 AM
From: elmatador  Read Replies (1) of 12823
 
Life support for DSL:

As farmers fatten animals before slaughtering them:

Covad to get infusion of Baby Bell cash
By Bloomberg News
May 4, 2001, 3:30 p.m. PT
Covad Communications, the money-losing provider of fast Internet service, may get the cash it needs to survive from SBC Communications, some analysts said.

Covad is talking with potential investors and has enough money to last until February, spokeswoman Martha Sessums said. SBC in September agreed to invest $150 million for a 6 percent stake in Covad, whose shares have plunged 95 percent in the past year.

Saving the smaller company would help SBC convince regulators that its markets are competitive, an analyst said.
news.cnet.com

Just to pretend they are not killing the CLEC's...
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