kapil
The Kapil
join:2000-04-26
Chicago, IL
| Platinum got a good deal! ...Covad's share price crashed after the telecom bust a few years ago and never recovered. If you add up all the equipment Covad owns and all the licenses/regulatory approvals to do business in all the states as a CLEC....Covad is a gold mine and the buyer got a hell of a deal!
The challenge, of course, remains, to turn a profit in the artificial market conditions created by the ILEC/Cable duopoly and their deep pockets. ...but Covad made it this long on its own, despite all odds, and has a better fighting chance with a new owner with a little bit of cash.
This company has nine lives and I hope it keeps fighting the good fight.
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