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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: bucky89 who wrote (58784)	1/12/1999 1:02:00 PM
From: Mark Duper	Read Replies (2) \| Respond to of 61433

OT Buck, this is what I have(my friend asked me about them and is going to bet the house on the IPO (fool): WASHINGTON, Jan 4 (Reuters) - Covad Communications Group Inc., a high speed digital communication services provider, said Monday it will offer up to 7.5 million common shares in its initial sale of its stock to the public. In a filing with the Securities and Exchange Commission, Covad said the initial offering price of the stock is estimated at between $12 and $15 per share. Covad has been approved to trade on Nasdaq under the stock symbol "COVD". After the offering, outstanding common will total 44,747,105 shares. Net proceeds will be used for capital expenditures to expand the company's networks and for working capital purposes. The underwriters have been offered a 30-day over-allotment option for up to 1,125,000 additional common shares. The offering will be made through Bear Stearns & Co. Inc., BT Alex Brown, Donaldson Lufkin & Jenrette and Goldman Sachs & Co. Covad, based in Santa Clara, Calif., is a packet-based Competitive Local Exchange Carrier that provides high-speed digital communications services using Digital Subscriber Line technology to Internet Service Provider and enterprise customers.

To: bucky89 who wrote (58784)	1/13/1999 9:07:00 PM
From: Nazbuster	Read Replies (2) \| Respond to of 61433

Bucky, I see you live in the SF Bay Area... I just got the good news/bad news scenario from DNAI in Berkeley... Good: DSL will be available to me in Lafayette by the end of January! Bad: I live 3 miles from the station; 2.7 miles is the max for 384kb and I have to live with 144kb. $150/month and a $550 box. YUCH! Our office is using an Ascend Pipeline 50 for ISDN and I can use the old box when we put DSL at work, but then my max speed will be 128KB for the same $150/month. All through DNAI (ISP) and Covad. I guess 24hour/day, 128KB, no phone charges for $150/month isn't so bad, but I really was looking forward to 384kb/384kb. RATS.