8 Aug
2001
8 Aug
'01
11:22 a.m.
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