IP: Rest relatively easy -- MORE ON COVAD CHAPTER 11: Speakeasy.net Newsletter: August 2001 (fwd)

[David Farber <dave () farber net>]

> Date: Tue, 7 Aug 2001 09:11:49 -0700 (PDT)
> From: Chris Metcalfe <capsmet () speakeasy net>
> To: <dave () farber net>
>
>
> Dave,
>
> Thought you might find this of interest.  It's from Speakeasy, one of Covad's
> largest ISPs.
>
> -- Chris
>
> ---------- Forwarded message ----------
> Date: Tue, 7 Aug 2001 06:32:21 -0700 (PDT)
> From: Speakeasy.net <speakeasy-news () speakeasy net>
> To: "members () announce speakeasy net" <members () announce speakeasy net>
> Subject: Speakeasy.net Newsletter:  August 2001
>
> o How Does Covad Spell Relief?  Chapter 11
>   Speakeasy's take on today's reorganization announcement
>
>
> =============================================================
> How Does Covad Spell Relief?  Chapter 11
> =============================================================
> Some of you may have read Covad Communications' announcement
> today regarding its negotiations with bondholders and the
> subsequent "pre-packaged" Chapter 11 filing.  The release
> clearly details Covad's plan to successfully restructure its
> business and continue with its long-term goal of providing
> premium DSL connectivity and choice in the broadband market
> space.
>
> The primary item of note in the release, and that which
> concerns many of you, is that the potential Chapter 11 filing
> will affect the parent company, Covad Communications Group,
> Inc., but will in no way affect any of its operating
> companies.  Due to this essential distinction, ALL of the
> Covad operating companies (which include vendor relationships
> and the maintenance of DSL circuits) will continue to operate
> without any court-imposed restrictions.  Basically, this
> announcement will not affect your Speakeasy DSL service in
> any way.
>
> We here at Speakeasy are thrilled by this decision and
> determined that we will continue our vendor relationship with
> Covad in all established service areas.  We are in full support
> of Covad's efforts to restructure, and believe that this is
> exactly what the industry needs.  We are all early-adopters of a
> technology that is under constant development, and, as many of
> you know, residing on the bleeding edge is not without its risks.
> Thankfully, this announcement will help ebb the speculation on
> the future of the broadband industry and contribute to
> revitalized growth.
>
> Certainly we intend to monitor the developments of this
> restructure, and will keep our press site
> (http://www.speakeasy.net/press) up to date with all breaking
> news regarding Covad's reorganization.



For archives see: http://www.interesting-people.org/