To: Jenna who wrote (28939 ) 3/22/1999 3:05:00 PM From: Teri Garner Read Replies (2) | Respond to of 120523
Jenna, check out COVD ($65). Covad Communications is a leading high-speed Internet and network access provider offering DSL services to Internet Service Providers and enterprise customers. I think this will be a BIG winner... News out today: Monday March 22, 8:13 am Eastern Time Covad Brings Sacramento Businesses Largest Availability of High-Speed Internet Access Service Teleworking Made Faster and Easier With "Always On" DSL Connections SACRAMENTO, Calif.--(BUSINESS WIRE)--March 22, 1999--Covad Communications (Nasdaq:COVD - news), a leading provider of high-speed Internet and network access, today announced the availability of its Digital Subscriber Line (DSL)-based service in the Sacramento metropolitan area. Covad opens up the Sacramento market with one third more coverage in the area than any other service provider. Covad's TeleSpeed® service provides data connections up to 25 times faster than 56K modems for teleworkers who need corporate network connections to the Bay Area, or Sacramento-based businesses that need high-speed Internet access. ''The arrival of Covad to the Sacramento area means that small and medium-sized businesses now have a choice when selecting a provider for high-speed Internet access,'' said Joe Devich, president and general manager of Covad's Western region. ''And, people who live in Sacramento, but do business in the Bay Area, now have the option to work from home efficiently and cost effectively.'' Covad's TeleSpeed service is based on DSL technology, which allows for high-speed Internet access using existing copper phone wires. Once installed, the high-speed connection is secure, always on and always available. Moreover, there is no wait to connect and there are never any busy signals. The TeleSpeed service is a flat-rate service, eliminating the costly and often unpredictable per-minute usage fees charged by dial-up and ISDN service providers. In addition, Covad provides an online Customer Care Center where customers can check service availability, enter orders, check order and network status, and download software upgrades. Customers can choose from a wide range of TeleSpeed services based on their budgets, needs and usage patterns. Downstream speeds range from 144 kilobits per second to very high-speed 1.5 megabits per second. Covad is partnering with leading regional and national ISPs in the area, making it easy for businesses to order, install and manage their high-speed Internet access solutions. In addition to its extensive coverage of the Sacramento metropolitan area, Covad is currently accepting orders in Auburn, Fair Oaks, Folsom and Loomis. Pricing information is available from any of Covad's ISP partners and can be accessed from Covad's web site at www.covad.com. About Covad Covad Communications Company is a leading high-speed Internet and network access provider offering DSL services to Internet Service Providers and enterprise customers. The Company has launched its services in the San Francisco Bay Area, Los Angeles, New York, Boston, Washington D.C., Philadelphia, Seattle and Sacramento metropolitan areas and has announced plans to deploy its networks in a total of 22 regions, encompassing 51 metropolitan statistical areas nationwide. Covad Communications Company and its affiliates doing business as Covad Communications Company, are wholly owned subsidiaries of Covad Communications Group, Inc. (Nasdaq:COVD - news). Corporate headquarters is located at 2330 Central Expressway, Santa Clara, CA, 95050. Telephone: 408/844-7500 or 888/GO-COVAD; FAX: 408-844-7501. Web Site: www.covad.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements, including but not limited to deployment of the Company's network in new and existing regions and the timing and breadth of coverage in each region. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the Company's dependence on strategic third parties to market and resell its services, intense competition for the Company's service offerings, dependence on growth in demand for DSL-based services, availability of collocation space and facilities, ability to manage and scale operations, and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings. The company disclaims any obligation to update information contained in any forward-looking statement.