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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.

26 of 182 comments (clear)

  1. Bad News for linux?? by KFK2 · · Score: -1, Offtopic

    With Loki and now Covald filing for Bankruptcy protection, is this goin to affect how companies look at linux? Especially for the server market?

  2. tp! by Anonymous Coward · · Score: -1, Offtopic

    2193493th post!

    1. Re:tp! by Anonymous Coward · · Score: -1, Offtopic

      2193498th post!

  3. Re:timothy by Anonymous Coward · · Score: -1, Offtopic

    Now, how much of your daily playing time did you spend creating this?

  4. 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.

    1. Re:Regulation is not the answer by Anonymous Coward · · Score: -1, Offtopic
      Wait a minute. This is slashdot. You're supposed to think that government intervention is the only way to go.

      Come on man, get with the program.

    2. Re:Regulation is not the answer by Anonymous Coward · · Score: -1, Offtopic

      You've completely missed the point. What he's saying is that there shouldn't be any government intervention in the first place. Anti-trust laws are unamerican.

    3. Re:Regulation is not the answer by Anonymous Coward · · Score: -1, Offtopic

      I think what's obvious here is that YOU are unamerican. Just like the other communistists in this country, you're here to bring it down.

  5. w00t by Anonymous Coward · · Score: -1, Offtopic

    w00t

  6. Re:dsl sux0rs. by Anonymous Coward · · Score: -1, Offtopic

    and you too are gay, for I get 750kb/s, but my upload is capped at 30 -_-

  7. who the fuck modded this down? by Anonymous Coward · · Score: -1, Offtopic

    that shits pretty clever and funny.

    and true.

  8. hell YES! by Anonymous Coward · · Score: -1, Offtopic

    damn straight.

    1. Re:hell YES! by Anonymous Coward · · Score: -1, Offtopic

      WRONG! (with a heavy Austrian accent)

  9. Re:timothy by j0nkatz · · Score: -1, Offtopic

    Man that is sweet! Keep up the good work bro!

    --
    Don't mod me, bro'!!!!
  10. Re:The Jews by Anonymous Coward · · Score: -1, Offtopic

    I'd like to have sex with Mexican women.

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

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

  12. Re:dsl sux0rs. by Anonymous Coward · · Score: -1, Offtopic

    Yeah, I'm sure your getting 250Kbs at 7 p.m. every night, sharing that 10Mbs pipe with 10k other people.

  13. 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

  14. Re:The phone companies are smart. by Anonymous Coward · · Score: -1, Offtopic

    you you rent your tv then?

    how is that better?

    drSwkid

  15. Re:Time for Bush admin to step up to the plate by Anonymous Coward · · Score: -1, Offtopic

    bahahahahaha, thanks fella, that's the funniest thing I've heard all week

  16. 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.
  17. Re:dsl sux0rs. by Anonymous Coward · · Score: -1, Offtopic

    oc3 fuckwad

  18. Re:dsl sux0rs. by Anonymous Coward · · Score: -1, Offtopic

    Not in Barrio San Fer they ain't.

    T1...and barely.

    Thanks bunches Verizon...384/128 when I was on Flashcom. I'm going back to DSL soon because stupid fsckn Adelphia@Home is not DOCSIS and won't be for six months. If you don't live in a prime area neither the cable company nor the telephone company gives a flying fsck about quality. It's called "cherry picking".

    Meanwhile my aunt gets T1 speed on her PacHell PPPoE DSL account. She lives in Encino. Figure it out, man.

    I'm a amall-l libertarian by nature but it's time for the feds to get in and regulate the hell out of broadband access.

    Disgruntled in the San Fernando Valley, CA, US

  19. Jan 28th by Anonymous Coward · · Score: -1, Offtopic

    Jan 28: Connect at 7pm for the first time and realize my STUPID FAST connection is slower than dial up at peak loads...

  20. Re:timothy by Anonymous Coward · · Score: -1, Offtopic

    what a lameass ascii

  21. Re:Why DSL? by Anonymous Coward · · Score: -1, Offtopic

    test.