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

To: Captain James T. Kirk who wrote (2694)	12/2/2000 10:10:43 PM
From: George Sepetjian	Read Replies (4) \| Respond to of 10485

Unlimited Tolerance for Pain None will survive. Amazon.com will no doubt announce free DSL.

To: Captain James T. Kirk who wrote (2694)	12/3/2000 10:38:52 AM
From: mike cobble	Read Replies (2) \| Respond to of 10485

Captain JTK The article makes some good points. These would be my points: 1. If SBC remains supportive COVD will survive. VZ/NPNT throws a curve ball. 2. It is my understanding that there are currently 2-2.5 M DSL users in the US out of 80 M internet users. 200 M copper wire loops in US and 900 M in world. 3. COVD passes 47 M of these currently providing the largest market coverage area. 4. COVD now has 200K lines 10% of current market. 5. $5.75 line sharing costs with SBC seem competitive. 6. CLEC business has been pummeled, dealing with telecoms and isp's. You wouldn't want to take either of these groups home to meet Mother. 7. Many people invested in COVD don't understand the DSL business or the company, but then, many people don't understand any companies they invest in. 8. NPNT has 87K installed lines and passes 44M homes/business. COVD has 2.3x the install biz of NPNT 9. Any perspective from your side???? 10. It would be nice if SBC and COVD could make a dual statement reassuring shareholders that the 'deal' is intact and will continue forward. They are committed to one another, the marriage won't be anulled, etc... If this were the case, I think a price range of $3.1-4.6 could happen on COVD. Growth in subscriber lines continued to accelerate as Covad added 67,000 subscribers during the quarter, an increase of 49 percent from 138,000 lines at June 30, 2000 to 205,000 lines at September 30, 2000. Homes and businesses passed increased to 47 million from 42 million at June 30, 2000, giving Covad the largest national DSL broadband access network in the U.S. Service ready central offices increased during the third quarter to 2,000 from 1,700 at June 30, 2000. Highlights during the quarter included: Increasing Subscriber lines by 49 percent Entering a commercial agreement with SBC for a $600 million guaranteed revenue stream over six years by reselling Covad's national broadband services to businesses and consumers. Thirty-five percent of these services are anticipated to be business lines Completing 13 state line sharing price agreement with SBC for $5.75 monthly recurring charge Raising $500 million through convertible debt offering Acquiring equity stake with NTT Communications and Ignite Japan KK in ACCA networks to provide broadband services in Japan and acquired Loop in Spain Completing BlueStar.net acquisition to add direct sales channel capabilities to small businesses in Tier 2 and Tier 3 cities