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

To: ronayre who wrote (1273)	9/23/2000 10:21:10 AM
From: BWAC	Respond to of 10485

No need to guess. COVD has already told you. Monday September 11, 9:54 am Eastern Time Press Release Covad Communications Expects to Significantly Exceed Expected Third Quarter Subscriber Lines Covad Expected to Have 200,000 Lines in Service at End of Third Quarter, Surpassing Additions by Over 30% SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 11, 2000-- Covad Communications (Nasdaq:COVD - news), the nation's leading broadband services provider utilizing DSL (digital subscriber line) technology, today announced that it will reach an installed base of 200,000,subscriber lines, exceeding Wall Street analyst expectations for additions in the third quarter by over 30 percent. ``The numbers demonstrate that we have successfully managed our business in light of recent announcements and events, including the addition of a direct sales channel through our acquisition of BlueStar and the Verizon work stoppage,'' said Robert E. Knowling Jr., chairman, president and CEO of Covad. ``Given the current level of our day-to-day orders and installations, I'm very bullish about the future of our business and the DSL industry in general. We are more than ready and very well-equipped to meet the demand for broadband.'' Covad's ability to quickly scale its business and meet the demand for its broadband services is made possible through the combination of operations and process improvements. These include its world-class Operational Support System (OSS), which enables Covad to streamline the ordering and provisioning process by fully automating the process end-to-end, along with process improvements in installation and network deployment.