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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (110889)	11/15/2002 9:24:13 AM
From: Rctrader2	Respond to of 150070

SSPC on the Gap strong..One to Watch again today...eom

To: Taki who wrote (110889)	11/15/2002 11:34:03 AM
From: Taki	Respond to of 150070

COVD news just out.1.35 now SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 15, 2002--The United States District Court for the Northern District of California issued a ruling dismissing a lawsuit brought against Covad Communications (OTCBB:COVD) by Verizon Communications (NYSE:VZ). Verizon's lawsuit, filed in June 2001, alleged that Covad had purposely submitted trouble tickets for problems it allegedly knew were not Verizon's fault. Covad moved for summary judgment on all of Verizon's claims. Judge Jeremy Fogel agreed with Covad and issued a ruling dismissing all of Verizon's claims with prejudice. It is not known whether Verizon will appeal the decision. "This is a significant victory for Covad," said Charlie Hoffman, Covad CEO and president. "We denied Verizon's claims and are pleased we will no longer be burdened with the distraction and expense of this litigation. More importantly, we can continue to focus on delivering broadband services to our customers." About Covad Communications Covad is a leading national broadband service provider of high-speed Internet and network access utilizing Digital Subscriber Line (DSL) technology. It offers DSL, T1, managed security, IP and dial-up services directly through Covad and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad services are currently available across the United States in 94 of the top Metropolitan Statistical Areas (MSAs). Covad's network currently includes approximately 1,750 operational central offices that pass more than 40 million homes and business and reaches approximately 40 to 45 percent of all US homes and businesses. Covad's corporate headquarters is located at 3420 Central Expressway, Santa Clara, CA 95051. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not historical facts are "forward-looking statements," including the statements made by the president and CEO and the assumptions underlying such statements. Actual events or results may differ materially as a result of risks facing Covad or actual results differing from the assumptions underlying such statements. Such risks and assumptions include, but are not limited to, Covad's ability to continue as a going concern, to continue to service and support its customers, to successfully market its services to current and new customers, to manage the consolidation of sales to a fewer number of wholesale customers, to successfully migrate end users, Covad's ability to generate customer demand, to achieve acceptable pricing, to respond to competition, to develop and maintain strategic relationships, to manage growth, to receive timely payment from customers, to access regions and negotiate suitable interconnection agreements, all in a timely manner, at reasonable costs and on satisfactory terms and conditions, as well as regulatory, legislative, and judicial developments and the absence of an adverse result in litigation against Covad. Covad disclaims any obligation to update any forward-looking statement contained in this press release. All forward-looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in Covad's SEC Annual Report on Form 10-K for the year ended December 31, 2001 and its Report on Form 10-Q for the period ended September 30, 2002. CONTACT: Covad Communications Martha Sessums, 408/616-6986 (Press) msessums@covad.com Susan Crawford, 408/434-2130 (Investor Relations) InvestorRelations@covad.com