Covad's CEO and Its VP of Network Engineering Named to FCC's National Reliability and Interoperability Council.Business Editors/Technology Writers WASHINGTON--(BUSINESS WIRE)--March 20, 2000 Covad Communications (NASDQ: COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ), the leading national broadband services provider of high-speed Internet and network access utilizing Digital Subscriber Line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary ) technology, today announced that chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert Knowling and the company's vice president of Network Engineering, Anjali Joshi, have been appointed to serve on the National Reliability and Interoperability Council (NRIC NRIC Network Reliability Interoperability Council (Internet) NRIC National Resource Information Centre (Australia) NRIC Natural Resources Information Council ). The NRIC is an advisory panel that directly influences Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. policies and decisions to assure optimal reliability, interoperability and interconnectivity of, and accessibility to, the public telecommunications networks. "We are extremely pleased to be selected to help advise the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. on public network reliability and interoperability issues. We hope to contribute to the FCC's decision-making in a way that ensures that consumers obtain the benefits of competition, as intended by the 1996 Telecom Act." The FCC relies on the NRIC to provide technical advice and recommendations related to matters pending before the Commission. The NRIC is currently working under a 16-month charter to advise the FCC on the best courses of action to take to speed the deployment of DSL and other broadband technologies. The NRIC will also be examining telecommunications network architecture issues to ensure that incumbent and competitive phone companies are able to compete fairly in the marketplace. In addition, the NRIC will assess the reliability of the public telecommunications network in the U.S. About Covad Covad Communications is the leading national broadband service provider An ISP, telephone company, cable company or other carrier that offers high-speed communications to homes and businesses, typically for Internet access. Cable modems, DSL and T1 lines are the common technologies. See broadband, cable modem, DSL and T1. of high-speed Internet and network access utilizing Digital Subscriber Line (DSL) technology. It offers DSL services through Internet Service Providers, telecommunications carriers, enterprises, PC OEMs and ASPs to small and medium-sized businesses and home users. Covad services are currently available across the United States in 62 of the top Metropolitan Statistical Areas (MSAs) and will be available in 100 MSAs by the end of 2000. At that time, Covad's network will reach more than 40 percent of all US homes and 45 percent of all US businesses. Covad Communications and its affiliates, doing business as Covad Communications Company, are wholly owned subsidiaries of Covad Communications Group, Inc. Corporate headquarters is located at 2330 Central Expressway, Santa Clara, CA, 95050. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com. Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements, including but not limited to statements regarding the intention to deploy our network in new and existing MSAs, the timing and breadth of coverage in each MSA (Metropolitan Service Area) An urban area with at least 50,000 people plus surrounding counties. There are 306 MSAs and 428 RSAs (rural service areas) in the U.S. MSAs and RSAs are used to allocate cellular licenses. , our ability to reduce our prices, changes in our installation process, including self-installation, and our ability to provide multimedia content. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the company's dependence on incumbent local exchange carriers for collocation, unbundled network elements, transport and other facilities, development of necessary technologies and operations, ability to manage growth of our operations, and the need to raise additional capital. For other risks and uncertainties applicable to our business refer to the Company's Securities and Exchange Commission filings. |
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