Covad, Chapter 11 !

Wed Aug 8 15:22:37 UTC 2001

On Wed, 08 Aug 2001 10:42:30 EDT, Mitch Halmu said:

> That nicely completes the BK suite: NorthPoint, Rhythms, Covad.
> DSL now in firm control of the ILECs, competition crushed.

I've seen several references to Covad's business unit that does DSL
continuing normal operations - it's the parent company that's reorganizing.

If they *do* make a good stock-for-debt swap, they may come out in a much
*more* competitive position.  How would YOUR balance sheets look if you
suddenly had $160M/year more to play with?

In today's business climate, I'd *worry* if my competitor went Chapter 11
with a good clear reorganization plan (as opposed to a liquidation plan).
-- 
				Valdis Kletnieks
				Operating Systems Analyst
				Virginia Tech

-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: application/pgp-signature
Size: 211 bytes
Desc: not available
URL: <http://mailman.nanog.org/pipermail/nanog/attachments/20010808/c787fafb/attachment.sig>