Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (21796)	6/30/1999 6:47:00 PM
From: Iris Shih	Read Replies (1) \| Respond to of 69969

Clint, Look at covd. A big white candle with good volume. Might move it to my investment account to be with my nxtl and add more if it pulls back. SANTA CLARA, Calif. (CBS.MW) -- Share of high-speed phone provider Covad Communications rose more than 28 percent Wednesday after a big brokerage initiated coverage with an "outperform" rating and the company announced a $5 million investment in a key equipment provider. Morgan Stanley Dean Witter analyst Peter Kennedy issued a $60 price target, saying that Covad "is extremely well positioned to take a significant share of this fast-growing (high-speed phone) market." Shares of Covad (COVD: news, msgs) surged 11 15/16 to 53 5/16 Wednesday. The stock had reached as high as 81 a few months ago amid an investor frenzy over so-called DSL providers. The company went public in late January. DSL, or Digital Subscriber Line service, involves the use of new technology to boost the ability of ordinary copper phone wires to send data and video at fast speeds over Internet and other connections. To that end, Covad also announced its investment in privately held Efficient Networks, which makes equipment used by businesses to operate DSL service. Covad said the convertible note it purchased can be translated into common shares once Efficient undergoes an initial public offering. Efficient, based in Dallas, will also become Covad's primary supplier, and the two companies will collaborate on the development of next-generation DSL technologies. "This alliance will meet the growing demand for today's always-on, higher speed access, and tomorrow's promise of delivering media-rich applications," said Robert Roblin, Covad's vice president of marketing. PS Just saw brcm close above 140+ How can I miss this one? Shortsighted? Did you play strm? And what are your favorite stocks these days? Iris

To: Clint E. who wrote (21796)	6/30/1999 10:34:00 PM
From: Suresh	Read Replies (1) \| Respond to of 69969

Hi Clint, I am not sure about the price wars but... about 1 1/2 to 2 years ago we had fun switching between Sprint, MCI and AT&T with cash rebates etc. Anyway to make the long story short.... MCI just called us yesterday and gave a wonderful package which includes calling plan (regional toll call, long distance and international calling), cash rebate etc. Now we just have to wait for a month or so to see if others start calling us. Actually if their capacity is under utilized they are getting us for peanuts... not bad! But what does this mean to telecom equipment suppliers ? Later, Suresh