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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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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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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