Slashdot Mirror

← Back to Stories (view on slashdot.org)

Covad Files For Bankruptcy Protection

Posted by ryuzaki0 on from the spread-too-thin dept.

xnuandax writes: "Well, it's finally happened, DSL provider Covad Communications has buckled under its post-tech-bubble debt load and filed for Chapter 11 (See this c|net article). While this doesn't mean that Covad is turning off the lights on its 330,000+ customers, things are not looking so rosy for the last competitive (non-Bell) DSL provider left standing. Seems that the USA is setting herself up for a broadband cartel (of Baby Bells) that's going to make OPEC look like a poster child of free market competition." The announcement is from earlier this week, but they've been acting bankrupt for a while. Just like with Loki though, this doesn't mean they're out of business, at least not yet.

4 of 182 comments (clear)

  1. Regulation is not the answer by iamklerck · · Score: 3, Offtopic

    While there are indeed many problems in the US broadband market, regulation simply is not the answer. Government regulation and subsidizing of telephone is what got us into this mess in the first place. Government is the same reason we haven't seen any kind of advance in non-portable telephone technology almost since its invention.

    The real solution to the problem is a completely open and free market. Let the consumers and the market dictate the answer. Whatever you do, though, keep the government out of it.

  2. Re:timothy by Flabdabb+Hubbard · · Score: 0, Offtopic

    pretty good. Don't like the extraneous periods though. Sort it out.

  3. Re:When will you die? Good riddance in advance. by Bowie+J.+Poag · · Score: 0, Offtopic



    I love you. By the way, saw your picture the other day. I rated you a 1.0

    Cheers,

    --
    Bowie J. Poag

  4. Re:Go play in your Sand Box... by jon_c · · Score: 1, Offtopic
    the TOS for most broadband service says you can't run servers. Even my speakeasy static IP service in seattle said i'm not allowed to run a server. in reality they don't care/check.

    I HAVE NO limitations on what I can/can't do.

    I RUN a run sweet unix based servers at home

    I HAVE sweet upload capability that won't hinder my websites (256kb upstream)

    Ok, i don't have a static IP, but i do have dyndns, which works fine.

    I HAVE NO NO BLOCKED PORTS

    Oh yeah, BTW, STOP THE FUCKING FUD

    -Jon

    --
    this is my sig.