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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: P314159d who wrote (20312)	9/11/2000 3:36:41 PM
From: max power	Read Replies (3) \| Respond to of 21342

Monday September 11, 3:29 pm Eastern Time Covad to supply DSL to SBC in $600 mln deal SANTA CLARA, Calif., Sept 11 (Reuters) - Broadband provider Covad Communications Group Inc. (NasdaqNM:COVD - news) on Monday said it had signed a $600 million deal with SBC Communications, Inc. (NYSE:SBC - news) to provide DSL to SBC for six years. SBC would also invest $150 million to purchase a stake in Covad, equivalent to approximately 6 percent, the companies said in a joint news release. The deal pends antitrust and regulatory approval. ``This changes the market dynamics and demonstrates that customer demand for broadband is so strong that two industry leaders can set aside past disputes and cooperate to deliver DSL faster and to a wider range of customers,'' said Robert Knowling, Covad president and chief executive. any thoughts on how/if this impacts wstl?

To: P314159d who wrote (20312)	9/12/2000 1:22:03 AM
From: dave turliku	Respond to of 21342

pi et all (a little OT): Anyone (or just paranoid Dave) have an awful feeling that we are at the beginning of a nasty correction/downward move ? Looking a little scary from my cheap seats. Of interest, here in Canada, where Nortel makes up an unusually large part of the TSE index (which has set records and is/was outperforming world indices), our TSE is getting clobbered daily, specifically due to weakness in Nortel. it may turn out to be quite a travesty. Huge amounts of the county's "wealth" is tied up in Indexed Funds, and it is difficult to find a mutual fund without Nortel (all those without have underperformed over past year or two, so they reacted....even "Dividend Funds despite Nortel's lack of Dividend...). Watch us unravel..... scary. Regards, and "let's be careful out there....." Dave