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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PhoenixDown
-- Wants FIOS
Premium
join:2003-06-08
Fresh Meadows, NY
clubs:  
| I am amazed that Covad is still in business after their multiple bouts with bankruptcy.
It helps that they expanded their product line with line powered voice and traditional T1 circuits but I wonder the future will hold for them as a broadband solutions provider.
The last mile has always been the greatest challenge... I wonder if they will deploy wimax or some other type of wireless technology to over come that hurdle. If they did (and I think they might be the right company to do it), they could gain a lot of marketshare from the incumbent telco's and cable co's. |
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FAMILY2
@mindspring.com | reply to kapil
will Platinum take it private or keep it on the AMEX |
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