Covad, Chapter 11 !

Wed Aug 8 15:41:07 UTC 2001

> From: up at 3.am [mailto:up at 3.am]
> Sent: Wednesday, August 08, 2001 7:57 AM
> 
> On Wed, 8 Aug 2001, deeann mikula wrote:
> 
> > On Wed, 8 Aug 2001, Smith, Rick wrote:
> > 
> > > Just found this...
> > >
> > > http://www.internetweek.com/story/INW20010807S0008
> > 
> > i read a similar article y'day, and that was the first that i had
> > heard mention of rhythms going down.  either i was too busy 
> pulling my
> > hair out last month or they were really good about keeping it quiet.
> > *sigh*
> > 
> > looks like verizon is gonna be the only xdsl provider left solvent
> > when the dust settles.  how scary is that, and how predictable?
> 
> Although this may well ultimately prove true, people do realize that
> filing for chapter 11 is not synonymous with going out of business,
> right?

Show me one case, in the xDSL CLEC business where this has held true. Thus
far, *every* one of them, that has filed CH11, has gone out of business
within 30 days, as near as I can tell. The track record is pretty dismal.