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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Fortnam who wrote (7633)	12/28/2000 7:40:25 PM
From: Bill Wexler	Read Replies (2) \| Respond to of 10293

Certainly. I am well aware that the entire DSL world is considered Wall Street poison at the moment, but I think that all of these stocks are trading like the technology either doesn't exist or all of these companies are going out of business. Obviously, neither is the case. Also, the comparison to cable broadband is a bit of a red herring at this point in time...still WAY too early in the game. Covad remains the best DSL reseller out there. They have the strongest and most commited partner in SBC. They understand the technology. I think the new business plan is viable. I think that expectations have been lowered enough that the slightest bit of good news will (for starters) triple or quadruple the stock from these levels and I think Chuck McMinn (current Chaiman) is a real straight shooter whose value is not recognized by investors...yet. The incredible turmoil in the short term makes this speculative (if you buy a stock at a penny a share and it goes to zero that's still a 100% loss!) but I'm betting that there is tremendous turnaround potential here. I think this one can reasonably return 10x and perhaps over 20x. Two years from now either I will be dead wrong at zero or this is going to be a very nice win. I'm staying long and buying more.