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

To: SteveG who wrote (113)	4/26/1999 6:09:00 PM
From: BIGFRED	Read Replies (1) \| Respond to of 10485

Hi all: Earnings just announced after the market close today on Monday. Any Comment?. Covad Communications <COVD.O > Q1 results SANTA CLARA, Calif., April 26 (Reuters) - COVAD COMMUNICATIONS GROUP, INC. Financial Highlights (Dollars in thousands, except share and per share data) (Unaudited) Three Months Ended March 31, 1999 1998 Revenues $ 5,596 $ 186 Operating Expenses: Network and products costs 4,960 203 S,G & A expenses 18,113 1,944 Amortization of deferred compensation 1,653 227 Depreciation and amortization 4,647 164 Total operating expenses 29,373 2,538 Income (loss) from operations (23,777) (2,352) Net interest income (expense) (5,127) (429) Net income (loss) $ (28,904) $ (2,781) Basic and diluted net income (loss) per common share $ (0.84) $ (0.59) Weighted average shares used in computing net loss per share 35,747,985 4,745,440 Other Data: EBITDA (1) $ (17,477) $ (1,961) (1) EBITDA is defined as earnings (losses) before interest, taxes, depreciation, amortization, non-cash stock based compensation and other non-operating income or expenses. 16:43 04-26-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.