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

To: nokomis who wrote (103263)	6/22/2000 9:03:00 AM
From: nokomis	Read Replies (3) \| Respond to of 120523

The last line of my message to lee yesterday is almost spooky..after reading this morning's COVD news release! Covad Expands High-Speed Broadband Network in Seattle Area Business 10:17 Editors/High-Tech Writers SANTA CLARA, Calif.--(BUSINESS WIRE)--June 22, 2000-- Fast, Always-on Internet Access Now Available for Household Consumers and Businesses in Olympia and Bremerton Covad Communications (Nasdaq:COVD), the leading national broadband services provider utilizing Digital Subscriber Line (DSL) technology, announced that it is expanding the availability of its high-speed, always-on DSL service in the Seattle area and is now offering broadband services in Olympia and Bremerton, Wash. "Covad's expansion into these two areas will allow us to provide top-notch Internet service to even more homes and businesses in the greater Seattle area," said Bob Grant, Covad's Western Region president and general manager. "We believe that once people experience the full power of the Internet they'll never want to go back to dial-up access." Covad offers users a quick and easy way to utilize the maximum capabilities of the Internet by providing access over existing copper wires. Customers can experience streaming audio and video, short download time, and other high-bandwidth applications without waiting for dial-up, busy signals, and phone-line congestion that can limit effectiveness and accessibility to today's Internet. Covad's service will ultimately be made available to more than 6,000 businesses and 60,000 households in the Olympia area in addition <26>to 4,000 businesses and 46,000 households in the Bremerton area. Covad to 4,000 businesses and 46,000 households in the Bremerton area. Covad sells its DSL services through both local and national Internet Service Providers (ISP) across the nation. This expanded coverage brings Covad's service to more than 108,000 businesses and one million households in the Puget Sound area. With more than 100,000 DSL lines nationwide, Covad has the largest high-speed network of any data local exchange carrier. Covad's expansion in the Seattle area exemplifies Covad's commitment to unparalleled quality and accessibility in broadband Internet access. Covad offers two products: TeleSpeed(TM) service, targeted to businesses; and TeleSurfer(SM), appropriate for households. Covad DSL provides connections up to 50 times faster than 28.8K modems and Covad's dedicated single-user connections provide an always-on connection that is more flexible than cable modems. About Covad Covad is the leading national broadband services provider of high-speed Internet and network access utilizing Digital Subscriber Line (DSL) technology. It offers DSL, IP and dial-up services through Internet Service Providers, telecommunications carriers, enterprises, affinity groups, PC OEMs and ASPs to small and medium-sized businesses and home users. Covad services are currently available across the United States in 81 of the top Metropolitan Statistical Areas (MSAs) <50>and after the BlueStar acquisition is complete will be available in and after the BlueStar acquisition is complete will be available in 100 MSAs. Covad services are expected to be available in 165 MSAs by the end of 2000. At that time, Covad's network will reach more than 45 percent of all U.S. homes and 50 percent of all U.S. businesses. Corporate headquarters is located at 2330 Central Expressway, Santa Clara, CA 95050. Telephone: 888/GO-COVAD. Web Site: www.covad.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements, including but not limited to statements regarding the intention to deploy our network in new and existing MSAs, the timing and breadth of coverage in each MSA, and our ability to deliver audio, video and other high-bandwidth applications . Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the company's dependence on incumbent local exchange carriers for collocation, unbundled network elements, transport and other facilities, development of necessary technologies and operations, ability to manage growth of our operations, and the need to raise additional capital. For other risks and uncertainties applicable to <73>our business refer to the Company's Securities and Exchange Commission our business refer to the Company's Securities and Exchange Commission filings. --30--gm/sf* sdf/sf CONTACT: Covad Communications Scott Robinson, 303/785-2210 srobinso@covad.com or Alexander Ogilvy Brendan Farnell, 415/923-1660 ext. 107 bfarnell@alexanderogilvy.com KEYWORD: CALIFORNIA WASHINGTON INDUSTRY KEYWORD: TELECOMMUNICATIONS HARDWARE INTERNET PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com