Covad Planning For Chapter 11

Logic writes: "According to their press release, Covad Communications Group, Inc. is preparing to file for Chapter 11 protection for restructuring. One of the most important points in the release is Covad Communications Group, Inc.'s operating companies, which provide DSL services to customers, are not expected to be included in the court-supervised proceeding and will continue to operate in the ordinary course of business without any court imposed restrictions,' meaning that the operating companies which deal with service providers (such as Speakeasy, who have endorsed Covad's action) will continue to operate unfettered by the court restrictions, and end-user services should be unaffected. Hopefully." As a Speakeasy customer (at home), I sincerely hope that my connection doesn't go away.

Comments

Screwed by a Monopoly

[smartin]

I don't know Covad's full story but I feel kind of bad for them because their problems may not entirely be their fault. I tried for 3 months last year to get a DSL line, Covad was always prepared to do it but were dependent on Verizon. Verizon never showed up for a single appointment and consistently reported that they did and had no access to the property. Turns out that was their standard approach to dealing with other companies customers. Pretty hard to survive in a market where you live under the thumb of the ruling monopoly.

Please raise your prices Covad

[Tim Macinta]

If that's what it takes to stay in business, I hope that Covad raises their prices. I would gladly pay almost double what I am now for my Speakeasy service without a second thought considering my only other option is Verizon DSL (which I had previously and which was absolutely the worst customer service experience of my life). Please charge more, Covad - your service actually works (unlike Verizon which was frequently down for weeks on end).

This is exactly what ticked me off about Kozmo. They actually had something (their service) that I would have paid a premium for and yet they still attempted to undercut tradional stores that sold the same products. If they had just charged I little more I could still rent videos in my underwear. So once again, please charge more Covad - Speakeasy is lightyears ahead of Verizon in terms of quality and I will pay a very large premium for that. Besides, I write my DSL off on my taxes anyway so it's not a big deal.

Costs

[wiredog]

Dial up account is $20, second line is $20. If the high speed connection is $40, it's a wash. The reason it's not is the Baby Bells. They don't seem to want DSL, so they charge an arm and a leg for it. The future is probably cable modem.

And don't forget about Rhythms...

[Masem]

Who filed for Chapter 11 last Thursday (8/2) and are expected to make a decison as to whether to restructure or shutdown/sellout by 8/10. (from Yahoo