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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Northern Cougar who wrote (70467)	11/9/1999 2:55:00 PM
From: SMALL FRY	Read Replies (2) \| Respond to of 120523

We need more bandwidth? I'm running 768K ADSL and I know you got cable... SI had been really slow lately... there were times I get so mad I don't even login. Did you get CHTR? SF

To: Northern Cougar who wrote (70467)	11/9/1999 2:59:00 PM
From: SMALL FRY	Respond to of 120523

COVD - to sell voice over... Covad to Sell Voice Services Over DSL Network: Bloomberg Forum Covad to Sell Voice Services Over DSL Network: Bloomberg Forum Santa Clara, California, Nov. 9 (Bloomberg) -- Covad Communications Group Inc., which sells high-speed Internet access using digital subscriber line technology, expects to add voice service next year, Chief Executive Robert Knowling Jr. said. Working with two closely held companies, CopperCom and Jetstream Communications, Covad will make the service available ''in the first part of the year,'' Knowling told the Bloomberg Forum. Covad's been busy with four public sales of equity and debt in the last 10 months, including its January initial public offering, Knowling said. With an offering priced last week, Covad has enough money to double in size, he said. It will expand from 51 markets to 100 by the end of next year, covering 40 percent of U.S. homes and 45 percent of businesses. ''We currently are five months ahead of schedule in terms of the network build,'' Knowling said. DSL technology increases the capacity of ordinary copper telephone lines, allowing data transmission at speeds greater than 25 times the standard 56-kilobit dial-up modems. Lines with DSL service also can transmit both data and voice signals simultaneously, although Covad and its competitors have concentrated on Internet connections. Covad will remain focused on business customers until the cost of providing service to residences declines, Knowling said. That could happen as early as next week, when the U.S. Federal Communications Commission is to vote on line-sharing. Line-sharing would allow competitive carriers like Covad to send their customers' data traffic over the same copper phone lines that a local phone company sends voice calls. Now, Covad and its peers must use a second line to deliver their service at a cost of about $22 per line, he said. Forecasts Knowling didn't dispute analysts' forecasts that the company will end the year with 55,000 to 58,000 installed lines. It had 31,000 lines at the end of the third quarter. Knowling said he isn't threatened by local phone companies' push into DSL technology. That includes, for example, SBC Communications Inc.'s announcement last month that it will spend $6 billion on upgrades aimed at offering high-speed Internet and other services to 80 percent of its customers by 2002. SBC and others may not aggressively promote DSL to businesses because that could threaten revenue from existing high- margin data services, such as frame relay or T-1 lines, Knowling said. ''If they do (promote it), great,'' he said. ''That says we're going to have a lot of competition in the market, and as you well know, when you've got at least a couple of providers in a market, it says that that's good for consumers.'' Knowling is a former U S West Inc. executive, as are the chief executive and president, respectively, of Covad's two main competitors, Rhythms NetConnections Inc. and NorthPoint Communications Group Inc. ''I'm not quite sure how many big players a market will be able to accommodate,'' he said. ''Quite frankly, I cheer for both of those other two companies. The more successful they are, the more attention that we kind of focus on the (broadband) space.'' --Lisa Levenson in the New York newsroom (212) 318-2300/jcn Story illustration: To graph the performance of Covad shares, type COVD US GP D . Company news: