Covad On The Mend

ewhac writes "The San Francisco Chronicle is reporting that Covad, who filed for bankruptcy protection last year, is slowly regaining strength. With $246 million in cash, Covad claims it has enough to carry it to profitability. They've also struck a deal with AOL to provide high-speed connectivity to AOL customers. The battle isn't over, though, as Pacific Bell continues to undercut Covad's offerings. Covad is effectively Pacific Bell's only remaining competitor for DSL service. As a happy Covad customer through Speakeasy.net, I'm pleased I won't be forced into PacBell's or AT&T's hands any time soon."

Comments

Yes, this is good news for me as well.

[antis0c]

I'm a UUNET (gasp Worldcom) customer who uses Covad for my telco. When I first heard about Covad filing Chapter 11, I immediately called UUNET/Worldcom to determine what to do if Covad were go out of business. Worldcom, essentially said I would be shit out of luck. So for the last 6 months or so, I've been a little on edge about whats happening with Covad, but now that I see Covad recovering, I'm happy.

And then Worldcom filed Chapter 11.. Luckily Covad supports more than just Worldcom in my area, unlike how Covad is the only telco that can provide me DSL.. Funny how Covad uses Verizon lines, yet Verizon can't qualify me for DSL and Covad can..

Oh well, I don't like Verizon anyway, Go Covad!