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


To: trofala who wrote (9688)10/5/2005 7:32:30 AM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 10485
 
NextWeb stockholders will receive $4 million in cash, $19 million in Covad shares....

Who is getting the short end of that stick? Why would they accept the bulk of the purchase in Covad shares?

Hoffman added. "Our focus for 2006 will be on maximizing the revenue and profit contribution within NextWeb's existing markets and footprint. This will contribute to our commitment for Covad to be EBITDA positive by mid-year 2006."