nanog mailing list archives
Re: Covad, Chapter 11 !
From: "Wayne E. Bouchard" <web () typo org>
Date: Wed, 8 Aug 2001 07:53:59 -0700
And just in case anyone is curious, this is a potential scenario for many struggling telco startups. (Bankruptcy to clear debt and eliminate interest payments so there there is at least a CHANCE to pull ahead.) -Wayne On Wed, Aug 08, 2001 at 10:45:15AM -0400, Nathan Stratton wrote:
On Wed, 8 Aug 2001, Smith, Rick wrote:Just found this... http://www.internetweek.com/story/INW20010807S0008As someone who has 14 DS3s into their network I think this is very good news. Covad was crushed with $160 million a year payments on $1.3 billion in debt. That now all gets converted into common stock (sucks for common shareholders) and everything is reset. This lowers cash needed to break even down to $200 million from $400 million. -Nathan
Current thread:
- Covad, Chapter 11 ! Smith, Rick (Aug 08)
- Re: Covad, Chapter 11 ! Nathan Stratton (Aug 08)
- Re: Covad, Chapter 11 ! Wayne E. Bouchard (Aug 08)
- Re: Covad, Chapter 11 ! Nathan Stratton (Aug 08)
- Re: Covad, Chapter 11 ! Wayne E. Bouchard (Aug 08)
- Re: Covad, Chapter 11 ! deeann mikula (Aug 08)
- Re: Covad, Chapter 11 ! up (Aug 08)
- Re: Covad, Chapter 11 ! Leo Bicknell (Aug 08)
- Re: Covad, Chapter 11 ! deeann mikula (Aug 08)
- Re: Covad, Chapter 11 ! Steven J. Sobol (Aug 08)
- Re: Covad, Chapter 11 ! up (Aug 08)
- Re: Covad, Chapter 11 ! Mitch Halmu (Aug 08)
- Re: Covad, Chapter 11 ! Valdis . Kletnieks (Aug 08)
- Re: Covad, Chapter 11 ! Mitch Halmu (Aug 08)
- Re: Covad, Chapter 11 ! Jeff Mcadams (Aug 08)
- Re: Covad, Chapter 11 ! Valdis . Kletnieks (Aug 08)
- Re: Covad, Chapter 11 ! Nathan Stratton (Aug 08)