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To: Tim Luke who wrote (3840)	11/1/2000 12:28:55 PM
From: margin_man	Read Replies (1) \| Respond to of 8686

Good luck to us!! ;-)

To: Tim Luke who wrote (3840)	11/1/2000 2:49:14 PM
From: cpgates	Read Replies (1) \| Respond to of 8686

Wanted to get some COVD the other day but I came across this article. What do you all think?>>> Thursday October 26, 3:03 pm Eastern Time Press Release Wolf Haldenstein Announces Securities Fraud Class Action Against Covad Communications Group, Inc. NEW YORK--(BUSINESS WIRE)--Oct. 26, 2000--The following is an announcement by the law firm of Wolf Haldenstein Adler Freeman & Herz LLP: Wolf Haldenstein Adler Freeman & Herz LLP has commenced a class action lawsuit in the United States District Court for the Northern District of California on behalf of all purchasers of Covad Communications Group, Inc. (``Covad'' or the ``Company'') (Nasdaq:COVD - news) securities between September 7, 2000 and October 17, 2000 (the ``Class Period''), including those who acquired Covad shares in connection with Covad's acquisition of BlueStar Communications Group (``BlueStar'') and those who acquired Covad convertible senior notes. A copy of the complaint may be viewed on the firm's web site located at www.whafh.com. The complaint charges Covad and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants misrepresented the revenues that Covad was deriving from its newly acquired BlueStar business, which, together with defendants' false representations that Covad would post Q3 2000 EPS of $(1.18) and revenues of $74.7 million, operated to artificially inflate the price of Covad stock to a Class Period high of $20.93 on September 11, 2000. This upsurge in Covad's stock caused by defendants' alleged false and misleading statements enabled Covad to complete a $500 million bond offering and the $140 million stock-for-stock acquisition of BlueStar. On October 17, 2000, 15 business days after the acquisition of BlueStar was completed and just 18 business days after Covad raised $500 million in a debt offering, Covad revealed that it was in fact suffering a huge decline in revenues, was not posting smaller negative EPS growth, and contrary to defendants' repeated assurances, Covad was forced to reveal the problems it had been experiencing during the Class Period in attempting to grow its business. This announcement caused its stock price to drop to as low as $3.50 (or over $5 per share) on record volume of 70 million shares on October 18, 2000, causing hundreds of millions of dollars in damages to members of the Class. Plaintiff seeks to recover damages on behalf of all class members and is represented by the law firm of Wolf Haldenstein Adler Freeman & Herz LLP (www.whafh.com). The Wolf Haldenstein firm has a full service commercial practice consisting of approximately 50 attorneys based in New York City, San Diego, New Jersey and Chicago. The firm's litigation department has been recognized by courts throughout the country as highly experienced and skilled in complex litigation, particularly with respect to federal securities laws, class actions and shareholder litigation. The firm's qualifications have repeatedly received very favorable judicial recognition. The firm has achieved recoveries of $2 billion on behalf of investors and shareholders. If you purchased or otherwise acquired Covad securities between September 7, 2000 and October 17, 2000, including those who acquired Covad shares in connection with Covad's acquisition of BlueStar and those who acquired Covad convertible senior notes, you have until December 19, 2000, to participate in the case and ask the Court to appoint you as one of the lead plaintiffs for the Class. In order to serve as lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action or have any questions, please contact Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New York 10016, by telephone at (800) 575-0735 (Michael Miske, George Peters, Fred Taylor Isquith, Esq., or Gregory M. Nespole), via e-mail at classmember@whafh.com or gnespole@aol.com, or visit our web site located at www.whafh.com. Contact: Wolf Haldenstein Adler Freeman & Herz LLP, New York Michael Miske, George Peters, Fred Taylor Isquith, Esq., Gregory M. Nespole 800/575-0735