| Covad Here is why Covad is not out of business yet.....
11/9/05 10Q
As part of the resale agreement, SBC made a $75,000 non-interest-bearing prepayment, which is collateralized by substantially all of the Company’s domestic assets.
(million not thousand in case anyone cares)
Now why would you hurt a company that allows you access to other territories and you have an investment in, not to mention a full security interest in. |
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| I doubt thats enough money to keep any good sized company in business for long. Heck, thats less than the cost of 2 OC3 cards for crying out loud.
Anyway, there are dozens of partners that use Covad's service. If you can find a list of them, I wouldn't be surprised to see some ILECs provisioning serivce through Covad that they themselves cannot provide or don't want to deal with. |
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| The previous statement was asking why covad was around, he thought the telcos had put them out. I was pointing out only that they have a vested interest not too, not so much the amount of money. 75 million isn't allot of money when you burn 20+ million a qtr.
Isn't it interesting though that Covad's lowest price point is $39.95. Yeah I know not the focus!!! |
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