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Technology Stocks : Covad Communications - COVD -- Ignore unavailable to you. Want to Upgrade?

To: Mark Duper who wrote (548)	1/6/2000 11:56:00 AM
From: Mark Duper	Read Replies (1) \| Respond to of 10485

Special Report: The Top Entrepreneurs Covad Operations 01/10/2000 Business Week 81 (Copyright 2000 McGraw-Hill, Inc.) As CEO of Covad Communications, ROBERT E. KNOWLING JR. has turned copper phone wires into gold. Knowling, 44, runs the most successful of a crop of new phone companies that sell speedy digital Internet connections. Surging demand has sent Covad's revenues skyrocketing, from $5.3 million in 1998, to an expected $60 million in 1999, though the company is still in the red. Covad's subscribers should grow to 290,000 this year, up from 55,000 in '99. Knowling--a veteran of the Baby Bells who joined the three-year-old Covad in 1998--oversaw its IPO last January. The stock has since more than quintupled, to around 60, giving Covad a market cap of $5.6 billion. For Knowling, who grew up in poverty in rural Missouri, the sixth of thirteen children, entrepreneurialism has brought sweet success indeed.