Slashdot Mirror

← Back to Stories (view on slashdot.org)

Covad Set To Emerge From Bankruptcy

Posted by ryuzaki0 on from the yahoo-my-dsl-will-stay dept.

powerlord writes "All of us still rooting for Covad can let out that deep breath we've been holding. According to an article on the Seatle IP Wire Covad is set to emerge from bankrupcy. They claim they've managed to shed most of their debts and are concentrating on 50 major metropolitan areas right now. They expect 40 of the markets to be cash positive by year end, with the entire company cash positive by mid 2003. Their stock rose $0.75 to $1.39."

2 of 94 comments (clear)

  1. Re:This is great news by Syberghost · · Score: 3, Funny

    one of the few good DSL providers left who don't use the broken-by-design PPPoE protocol

    Now, let's be fair; they haven't finished designing it yet, so maybe it won't be broken if they're ever done. :-)

  2. sp? by Transient0 · · Score: 1, Funny

    i think that techies would have learned how to spell bankruptcy by now. [grin]

    well done hemos

    --
    lysergically yours