Covad Communications - COVD Message Board

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Technology Stocks : Covad Communications - COVD

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To: Andre Williamson who wrote (10455)	5/7/2007 8:03:59 PM
From: ead10	Read Replies (1) of 10485

Actually they will add about 8+ million to the bottom line line this upcoming quarter, I believe. I suspect as well that they will also be cash flow positive. How? The 6.8 million paid out to the employees as 2006 incentive awards, paid out of 1Q07 earnings (I am very angry about this, and I think perhaps Mr. Dunn was too) (If this "incentive" had been paid out 4Q06 then they would not have made the numbers that justified the "incentives") will not be copied, at least in the 2nd quarter. Gives an automatic boost to earnings by that much. I also think that some of the revenue will start kicking in from LPV, VoIP, Hosted PBXs. In fact I suspect that this big earnings upside surprise was planned right from the start (as well as the bad earnings surprise of a couple weeks ago) and that the stock will be running up strong and fast starting after the next CC. I rate the company a buy. I rate the management and BOD a strong sell! My opinion, long and watching 5.5 years.

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