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

To: Captain James T. Kirk who wrote (2728)	12/5/2000 8:27:03 PM
From: BWAC	Read Replies (3) \| Respond to of 10485

Only thing for sure is that the market is convinced RTHM and NPNT are done. Over. Bankrupt. And out. With COVD soon to follow. Maybe they are right, maybe not. Both still have a good but of cash to spend and ONE full year left for dsl to really come alive. COVD has 1 1/2 years its seems. All this barring any future alliances and financing possibilities. Smartest thing all 3 of them could do is merge together. Right now. Not later when the cash is almost gone. Combine the coverage of the 3 networks, only need one corporate office, one service center, one billing center. Just bring whatever you have, no premium, no nothing. Just consolidate the expenses. However I doubt the debt covenants would allow for any of this. So left alone, each company probably should suspend further new city buildouts. Concentrate resources on existing cities and move them toward positive cash flow. Then move forward. Quite possibly they could be strong enough to pick up the pieces of other failures a little over a year down the road. COVD seems to be taking this route. RTHM seems determined to go down in flames, (after Hapka has sold her shares of course), and NPNT just had a bomb dropped on them. We will have to wait awhile to see how that situation plays out with NPNT. Selling NPNT and RTHM and COVD right now is pointless. The damage has already been done. Sellers may get away with $1 or $2 or 50 cents. Big deal. I paid for the ride, I'm going to stay on until the game is played out. The big money has already been lost.