[40410] in North American Network Operators' Group
Re: Covad, Chapter 11 !
daemon@ATHENA.MIT.EDU (Valdis.Kletnieks@vt.edu)
Wed Aug 8 11:45:53 2001
Message-Id: <200108081522.f78FMbB06661@foo-bar-baz.cc.vt.edu>
To: Mitch Halmu <mitch@netside.net>
Cc: "Smith, Rick" <rsmith@atsworld.com>,
"'nanog@merit.edu'" <nanog@merit.edu>
In-Reply-To: Your message of "Wed, 08 Aug 2001 10:42:30 EDT."
<Pine.SOL.3.91.1010808103156.1785Q-100000@sunny.netside.net>
From: Valdis.Kletnieks@vt.edu
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Date: Wed, 08 Aug 2001 11:22:37 -0400
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On Wed, 08 Aug 2001 10:42:30 EDT, Mitch Halmu said:
> That nicely completes the BK suite: NorthPoint, Rhythms, Covad.
> DSL now in firm control of the ILECs, competition crushed.
I've seen several references to Covad's business unit that does DSL
continuing normal operations - it's the parent company that's reorganizing.
If they *do* make a good stock-for-debt swap, they may come out in a much
*more* competitive position. How would YOUR balance sheets look if you
suddenly had $160M/year more to play with?
In today's business climate, I'd *worry* if my competitor went Chapter 11
with a good clear reorganization plan (as opposed to a liquidation plan).
--
Valdis Kletnieks
Operating Systems Analyst
Virginia Tech
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