Re: Covad, Chapter 11 !

[Valdis.Kletnieks () vt edu]

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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