Covad (DVW)

[mike306oh]

Q results are out. Not bad! 0.11/share net income. Let's see some move here!

Mike
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"The company reported net income of $34.4 million, or $0.11 per share, for the first quarter of 2005 as compared to a net loss of $26.0 million, or $0.10 loss per share, for the fourth quarter of 2004 and a net loss of $13.5 million, or $0.06 loss per share, in the first quarter of 2004. Net income for the first quarter of 2005 includes the recognition of a $54.0 million gain that was deferred when the company deconsolidated its former subsidiary, BlueStar Communications Group, Inc., in 2001. Also included in net income is a $7.2 million net gain from the sale of one-fifth of Covad's investment in ACCA Networks Co. Ltd (ACCA), a Japanese broadband provider."