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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. Will I get my rebate check now ? by coon+man · · Score: 0, Troll

    Covad has stiffed me so far (4 months and counting).

    Jim

  2. VC by Captain+Pooh · · Score: 0, Troll

    I sent an e-mail to the Venture Capital firm that had invested in Covand when they filed for chapter 11 calling them stupid