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Technology Stocks : Covad Communications - COVD
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To: Captain James T. Kirk who wrote (10091)3/21/2006 8:54:39 AM
From: rrufff   of 10485
 
DVW - target $3

09:40 am Covad: Needham & Co upgrades Hold to Buy. Target $3. Firm is saying they have become increasingly convinced that Covad mgmt will aggressively execute on its goal of making the company EBITDA-positive in Q3'06, and that the current leverage in DVW's earnings model could get us there sooner rather than later. They also believe that Covad's deepening ties with Internet service providers such as EarthLink could potentially expand to other major portals, as their relations with the RBOCs and mainstream broadband providers become increasingly contentious.
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