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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Mao II who wrote (8322)	12/12/2000 6:56:50 AM
From: Mao II	Respond to of 12663

CLEC insight: Tuesday, December 12, 2000 Covad provides Q4 outlook --6:46 am - By Tomi Kilgore Covad Communications (COVD: news, msgs) said fourth-quarter revenue is expected to be between $60 million and $65 million, below the $66.7 million recorded in its sequential third quarter. The company added that it would take a $20 million restructuring charge related to the staff and cost reductions announced on Nov. 27. Also, the broadband provider said 4 of the 14 troubled Internet service providers that negatively affected third-quarter revenue have filed for bankruptcy. For 2001, Covad expects to improve expenses each quarter coupled with plans to restrict residential orders to higher-margin installations, followed by plans for small business lines to take a greater percentage of newly installed lines. "In comparison with prior analyst expectations, we expect to spend approximately $200 million less in cash in 2001 as a result of our modified plan," said Chuck McMinn, Covad's chairman. www2.marketwatch.com