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Orange, just wait and see after the VoIP goes nationwide. It won't be long. The FCC and the baby bells can't stop it no longer. Plus WiMAX, and on and on. This has a good chance to get into a nice run, soon, very soon, IMO.
I got quite a few shares here, and still loading at this price.
Mike
Mike be carefull did you read the 10K??? Also paid touts are yelling Officers and Directors have options at $5.00 As you also know surviving co. in takeovers dont do to well price wise. This is all IMO
Time to start its move (up, that is), IMO.
Mike
COVD has been getting hammered lately. That acquisition with COVD being the survivor does not help, Did anyone see that 10K that came out today?? IMO this could break a buck by May 1
VoIP news:
1. VoIP Challenges for Public Safety Call Centers
The adoption of nomadic and mobile Voice-over-IP offerings has vendors and public-safety officials scrambling for answers to problems that could be much more complex than the challenges faced when wireless E911 emerged.
See the Full Story:
http://www.contactcentertoday.com/story.xhtml?story_id=31018
2. FCC Clarifies Telemarketing Rules
In February, the FCC released its Second Order on Reconsideration in its rulemaking proceeding implementing the Telephone Consumer Protection Act of 1991.
See the Full Story:
http://www.contactcentertoday.com/story.xhtml?story_id=30985
3. Vonage Slips Quietly into UK VoIP
U.S. service provider Vonage officially started offering Voice over IP (VoIP) in the UK. But in contrast to the hype surrounding the technology and the company, this was an unassuming launch.
See the Full Story:
http://www.contactcentertoday.com/story.xhtml?story_id=30971
4. FCC Defends VoIP Service
Regulators have forced a North Carolina phone company to stop blocking customers from using Voice over Internet Protocol (VoIP) calling services.
See the Full Story:
http://www.contactcentertoday.com/story.xhtml?story_id=30937
If this news won't move it, I don't know what it will:
"Covad ended the fourth quarter of 2004 with approximately $153.5 million (unaudited) in cash, cash equivalents and short-term investments. Fourth quarter of 2004 net usage of cash, cash equivalents and short-term investments was approximately $12.3 million."
Mike
-------------------------------------
Covad Communications Group to Announce Fourth Quarter Financial Results; DSL Subscribers Increased by 8,300 Lines; VoIP Stations Grew to 20,500
Business Wire - February 01, 2005 08:02
SAN JOSE, Calif., Feb 1, 2005 (BUSINESS WIRE) -- Covad Communications Group, Inc. (OTCBB:COVD), a leading national provider of integrated voice and data communications, will announce its fourth quarter 2004 results in late February. Call details will be released prior to the call.
Key operating statistics for the fourth quarter of 2004 include:
-- Covad added over 8,300 digital subscriber lines (DSL) during
the fourth quarter, bringing total lines in service on
December 31, 2004 to 533,200 lines, a three percent increase
from 517,000 at the end of 2003.
-- Covad ended the fourth quarter with 567 Voice over IP (VoIP)
business customers representing approximately 20,500 VoIP
stations.
-- Covad ended the fourth quarter of 2004 with approximately $153.5 million (unaudited) in cash, cash equivalents and short-term investments. Fourth quarter of 2004 net usage of cash, cash equivalents and short-term investments was approximately $12.3 million.
"During the fourth quarter we completed the nationwide rollout of Covad VoIP and have now recorded sales of Covad Voice over IP service in 29 states," said Charles Hoffman, chief executive officer of Covad. "We are very pleased with the momentum we're building in both the DSL and VoIP markets, and with the positive response we're receiving to Covad VoIP from customers around the country."
About Covad
Covad is a leading nationwide provider of broadband voice and data communications. The company offers DSL, Voice Over IP, T1, Web hosting, managed security, IP and dial-up, and bundled voice and data services directly through Covad's network and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad broadband services are currently available across the nation in 44 states and 235 Metropolitan Statistical Areas (MSAs) and can be purchased by more than 57 million homes and businesses, which represent over 50 percent of all US homes and businesses. Corporate headquarters is located at 110 Rio Robles San Jose, CA 95134. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The foregoing contains "forward-looking statements" regarding expected financial and operating results, such as expectations regarding revenue, subscriber counts, broadband and VoIP subscription billings, net loss, EBITDA losses and changes in cash, cash equivalents and short term investments, as well as other matters, which are based on management's current information and beliefs as well as on a number of assumptions concerning future events made by management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Covad's control, that could cause actual results to differ materially from such statements. These risk factors include the impact of increasing competition, pricing pressures, consolidation in the telecommunications industry, and uncertainty in telecommunications regulations and changes in technologies, among other risks. For a more detailed description of the risk factors that could cause such a difference, please see Covad's 10-K, 10-K/A, 10-Q, 8-K and other filings with the Securities and Exchange Commission. Covad disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of Covad.
SOURCE: Covad Communications Group, Inc.
Covad Communications Group, Inc.
Kathleen Greene, 408-952-7434 (Media)
kgreene@covad.com
Susan Jin Davis, 408-434-2130 (Investor Relations)
investorrelations@covad.com
As a long time Covad stock holder and member at Yahoo Groups I invite any/all members here to come to the Yahoo board and read/research/post - it's a good source of info about Covad, and free of almost all nonsense (as opposed to RB, and unusal for a Yahoo group by and large).
Registration is required if I remember correctly, but it's simply a matter of emailing and requesting being added as a member.
Cheers - Yahman
http://finance.groups.yahoo.com/group/covadcommunications/
Anyone picking COVD here at these bargain prices? I think the worst is behind them, uncertainty starting to fade, and there was even an insider purchase by the CEO of 25,000 shares.
I think it's manipulated on the OTC, but that we have a double over the summer as the GoBeam deal goes forward.
Right now I am using Covd as a trading stock. Not holding more than a few days. Got burned bad on Covd last year and now hold no individual stocks for long term especially in this economy. Bought on 3/30 at $2.28 and sold today at $2.48. Waiting to see the jobs report out tomorrow.
I am thrilled it is going up--sure as hell can't go down any further!
Wednesday, March 31, 2004 6:39:06 AM ET
Kaufman Brothers
NEW YORK, March 31 (New Ratings) - Analysts at Kaufman Brothers upgrade Covad Communications (COVD) from "hold" to "buy." The target price is set to $4.
Shares of Covad Communications, a provider of digital communication networking and firewall technologies, are currently trading at $2.21.
According to Kaufman Brothers' research note published yesterday, the company's share price recently witnessed a sharp decline. The company is likely to regain its reselling contract with AOL in the near future, the analysts say. Covad Communications’ contract with AT&T offers more visibility into the company’s growth prospects, the analysts add.
According to Kaufman Brothers, Covad Communications is expected to close its GoBeam acquisition by the end of May. The company expects its VoIP segment to contribute meaningfully to earnings growth in the long term, the analysts say. The current overhang on the company's stock is on account of UNE-P related regulatory issues, the analysts mention. Since Covad Communications is a facilities-based provider, UNE-P related regulatory outcomes are unlikely to affect the company’s growth prospects, Kaufman Brothers believes.
The EPS estimates for 2004 and 2005 are -$0.24 and -$0.06, respectively.
Kaufman Brothers upgrades Covad Communications from "hold" to "buy."
© 2004 New Ratings
I think you will see a profit. How much???
You are so right the RB covad board is going down hill fast.
Steven D...
I got in at 4.20. I thought that that was a low!
hey lulu, in last friday @1.99 & 2.00. You?
The covad board at RB is a haven for ohyessss_suks_farts and rat and taz and all those truly pleasant types. I have grown weary of RB. Does anybody want to talk Covad?
Depends on what a no-brainer it is. eom
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