hernang7542
Helpless In The Face Of Your Beauty
Premium
join:2001-04-25
Wilmington, DE
clubs: 
|  Nail in the Cofffin?!?
At a time when Covad is struggling for every last penny to stay in business, a class-action suit could bury them. I pity myself for not having DSL available to me, but I pity the poor folks more who rely on Covad for the connections they do have.
Run! Run while you still can! Save yourselves!
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"All Sunshine and No Rain makes a Desert" -- Old Arab Proverb |
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Anon | Run?
And go to where? Rhythms?
If Covad goes down we're going to wind up at the sole mercy of the ILECs. |
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Yardog
join:2001-02-17
Denver, CO | Covad- waiting for a taker
Dont worry AT@T will take over Covad and will be even better. Just a matter of time. |
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icekodiak
join:2001-06-14
Chester, VA
| Hmmm....... this again!
Well they are at it again, It doesn't matter to lawyers who only see dollar signs that this little lawsuit could hurt Covad tremendously. I mean what is this! It's like the entire playground is rallying around the local bully(Verizon), to kick Covad while it's struggling to finish the race. All I can say is Covad is a fighter. They haven't gone down yet and as long as they have hardworking, purpose driven people working for them they will survive. Covad is turning out to be the 'Stallone' of the DSL boxing ring. Who knows... maybe soon we will hear 'The eye of the Tiger' being played loudly as Covad emerges from the meyham triumphant. Don't give up on them yet.... they are pushing hard. |
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basshive
True-Playaz
join:2001-02-26
Waterford, WI
|  reply to hernang7542
Re: Nail in the Cofffin?!?
We are far from the end here. While this lawsuit certainly has the potential for great harm, it has the potential for great good as well. Covad *COULD* emerge victorious and this could spark a turn around for them. Almost every company in their position faces this sort of thing thanks to the money hungry snobs who don't even understand the technology they so blindly invested in.
We have not heard the last from Covad and while everyone is kicking them Im sure they are quietly continuing to go about business and keep things working.
All of you people saying run run are doing nothing but making things worse. If we all ran then what would be the point of Covad being in business? Running is not and never has been the solution. If anything they need more not less.
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..::drum and bass cannot be stopped::.. |
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basshive
True-Playaz
join:2001-02-26
Waterford, WI | reply to Yardog
Re: Covad- waiting for a taker
said by Yardog:
Dont worry AT@T will take over Covad and will be even better. Just a matter of time.
Yeah. Like NP right?
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..::drum and bass cannot be stopped::.. |
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richb01803
Rich
join:2001-02-14
02100
| reply to basshive
Can't swing a dead cat without hitting an attorney
Yawn. Every company has plenty of problems, both common and unusual, day after day.
The entire technology industry has been pursued by time-wasting ambulance-chasing lawyers ever since the Nasdaq started to go south more than a year ago.
Lawyers pestering management is a very common problem and it won't change a thing. If Covad was going to succeed before, it has just as much of a chance as it ever did; if it was doomed to failure, then this won't hasten their demise any faster. |
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hernang7542
Helpless In The Face Of Your Beauty
Premium
join:2001-04-25
Wilmington, DE
clubs:
| reply to basshive
Re: Nail in the Cofffin?!?
In an ideal world (from Covad's perspective), they might come out victorious, but they're real enemy in this situation is time. Nothing drains funds quicker than a big, fat, juicy lawsuit that eats up lots of resources. If Covad was financially "stable", they could survive this with enough time and lawyers, but given their dilemma with just enough money to keep operating until 1st or 2nd quarter of 2002...
Just don't see how they can keep running and pay for all the litigation at the same time. Brace youreselves for a Chapter 11 announcement in the very near future if the courts allow the suit to go forward.
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"All Sunshine and No Rain makes a Desert" -- Old Arab Proverb |
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Archvile2
join:2000-10-22
Natick, MA
| reply to basshive
Re: Covad- waiting for a taker
Actually, Verizon wanted to buy out NorthPoint, but they backed out at the last minute.
AT&T has proven to be a good ISP; just look at all those Road Runner reviews. Much better than Verizon, who sometimes can't even keep their routing straight. |
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VinceLee
join:2001-02-13
San Jose, CA
|  reply to Yardog
I agree that AT&T is very likely to buy out Rhythms' and Covad's equipment if they go belly up.
AT&T already got a whole bunch of Copper Mountain DSLAM from Northpoint fire sale and it's expected to start its DSL operation very soon. I wouldn't be surprised if AT&T grab the rest of Rhythms to expand its network.
As for COVAD, AT&T has been an active reseller of COVAD. It is positive that AT&T won't let its current DSL customers helpless if COVAD goes down. |
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darrelc
join:2001-04-26
Indianapolis, IN
| Bad news for us and Covad all the way around...
Although I don't know about the validity of the lawsuits from Verizon and now this one against Covad, I certainly don't see these as good news for Covad or us. In the financial condition Covad is in, losing either of these lawsuits will hurt tremendously. As has been pointed out, even if they win, the costs of defending themselves may prove too much. Although I would love to run from Covad at this point, for my business account the options don't look too appealing either (Rhythms or Ameritech - what a choice). I guess I will wait and hope, and enjoy my cable modem at home in the meantime... |
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DontHaveDSLYet
@netcarrier.net | Covad Delisted?
As of 1:35PM, COVDE is no longer trading (I think). All finance sites either don't recognize the symbol or report 0 volume.
What's going on? |
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DontHaveDSLYet
@netcarrier.net | Covad Symbol Changed
It appears that Covad is trading under the ticker symbol COVD again (the E in COVDE is a symbol of noncompliance with NASDAQ rules).
This is a good sign, I guess (hope?). |
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spenster
join:2001-04-03
Houston, TX
| reply to icekodiak
Re: Hmmm....... this again!
It doesn't appear that this is "It's like the entire playground is rallying around the local bully". These persons that have acquired Covad common stock are genuinely upset because of an alleged violation the federal securities laws. Now Verizon filing their suit against Covad appeared to be quite obviously an attempt to drain them of their capital. I just don’t see all these people joining a class action suit against Covad because they all will have something to gain by putting them out of business. If Covad is guilty of these claims, then unfortunately they should have to pay the price.
As far as various people’s statements about running while you can... it seems that they are concerned about whether or not they will have connectivity in the not so distant future. Many of those who experienced the loss of service due to the Northpoint closure can understand what this is like. Yes, dumping their Covad service will hurt the company but we all have to look out for ourselves and the companies that we work for. Believing in a company’s ability to survive is a wonderful thing. But if YOUR company’s business depends on your connectivity being there, are you willing to gamble on that? |
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AccuTech
join:2000-11-28
Denton, MD
| reply to DontHaveDSLYet
Re: Covad Delisted?
Covad is no longer on the delisted list. I found out a few nights ago they were dropping the E.
As for the lawsuits filed against them........ I dunno people, I have seen Covad do some shady things in the past, maybe it is finally coming back to byte them in the ass! |
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icekodiak
join:2001-06-14
Chester, VA |  reply to DontHaveDSLYet
Re: Covad Symbol Changed
This is a very good sign.... It means that as of today the danger of Covad being delisted has been removed. That is for now anyway. |
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hoff
@38.204.x.x | reply to Anon
Re: Nail in the Cofffin?!?
Actually the ILECs will still have competition in the form of high speed cable access. Just depends on which aspect of the competing technologies consumers deem important. |
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hoff
@38.204.x.x | reply to spenster
Re: Hmmm....... this again!
Very well put. It is refreshing to read an fair-minded and thoughtful posting. |
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basshive
True-Playaz
join:2001-02-26
Waterford, WI
| reply to spenster
Well, I dont know what kind of *business* you are in or if you even are for that matter, but I can assure you that not only would I stay with Covad but I would take steps to ensure an easy cut-over in the event that it was needed. If you are going to be 100% closed off and at a loss business wise if Covad turns out the lights then you are already using the wrong provider. I can understand needing to lookout for yourselves. I feel bad for the people caught in the turmoil of the NP fiasco. However, based on your logic, everytime something happens that is negative everyone should jump ship and change etc etc. Would you suggest the same if something like this happened to your company? Would you tell all your employees to jump ship because they should be looking out for their own? Should all of us tell people to run from your company? Doesn't sound like good business to me friend and I doubt you would appreciate it much yourself.
Im very passionate about this issue because I depend on Covad. I find it very sad that people now-a-days complain, whine, cry, and scream about how little competition there is for DSL outside of the Bells and yet those same people are ready to watch one of the last standing die. Very sad indeed.
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..::drum and bass cannot be stopped::.. |
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XBL2009
------
join:2001-01-03
Chicago, IL
 ·AT&T Midwest
| Stay with Covad
I'm staying with Covad because they offer the best DSL I've used. It's fast and reliable. My local telephone company offers DSL at half the speed with constant outages.
and still no cable in my area.
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[text was edited by author 2001-06-27 16:32:14] |
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