Covad Broadens Portland's Choice of DSL Service to Area Businesses and Homes.PORTLAND, Ore.--(BUSINESS WIRE)--July 12, 1999-- Covad is the First to Offer Consumers an Alternative to the Local Telephone Company in the Portland Area Covad Communications (Nasdaq:COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ), a leading provider of high-speed Internet See broadband. and network access solutions, today announced the availability of its 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 ) based services in the Portland area for both businesses and home users. Covad is the first to bring home users in Portland up to Vancouver a high-speed connection to the Internet that is easier to order and install than through the local telephone company. Covad has established strategic relationships with Portland regional and national Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs), making it easier to order, install and manage high-speed Internet service. Currently, Covad's services are available through local Portland-based ISPs Transport Logic (www.transportlogic.net), Pacifier Online Data Service (www.pacifier.com), and Easy Street Online Services (www.easystreet.com). Covad's services are also available through national ISPs Concentric (Nasdaq:CNCX) (www.concentric.net), Flashcom (www.flashcom.com), and Speakeasy Speakeasy - Simple array-oriented language with numerical integration and differentiation, graphical output, aimed at statistical analysis. ["Speakeasy", S. Cohen, SIGPLAN Notices 9(4), (Apr 1974)]. ["Speakeasy-3 Reference Manual", S. Cohen et al. 1976]. , Inc. (www.speakeasy.net). In addition to the Portland metropolitan area The Portland-Vancouver, Oregon-Washington, Metropolitan Statistical Area, also known as the Portland metropolitan area or Greater Portland, is an urban area in the U.S. states of Oregon and Washington centered around the city of Portland, Oregon. , Covad's network will service up to 625,000 homes and businesses from Hillsboro to Gresham and from Oregon City There are two places named Oregon City in the United States:
Covad's DSL service allows high-speed access to the Internet and corporate networks through the copper phone wires found in businesses and homes today. DSL offers customers a dedicated and secure connection. Since this high-speed connection is always available, the need to dial in each time a user wants to browse the Internet or download email is eliminated as well as the delays, busy signals and non-connects typical in dial-up service. "Covad is aggressively building its footprint in the Portland/Vancouver metropolitan areas," said Joe Devich president and general manager of Covad's Western Region. "This breadth of coverage means that the availability of DSL will be plentiful in Portland communities. It also ensures that both business and home DSL users will have the bandwidth required for today's high-speed needs and tomorrow's promise of media-rich applications." With data connections up to 50 times faster than 28.8K modems, Covad's TeleSpeed(R) service is a great solution for businesses. For home users, Covad's TeleSurfer(TM) service provides uses with connections up to 25 times the speed of most dial-up solutions providing the highest quality and widely available residential option for high-speed Internet access. TeleSurfer(TM) provides residential users privacy, flexibility and reliability advantages over the services offered through cable companies. Unlike cable companies that use a shared line between neighbors, a connection through Covad is dedicated to a single user through a point-to-point network. Users can also take advantage of Covad's online Customer Care Center where customers can check service availability, enter orders, check order and network status, and download software upgrades. About Covad Covad Communications Company is the leading provider of high-speed Internet access made possible by offering DSL services to large enterprise customers and through Internet Service Providers to small and medium-sized businesses and home users. Covad services are currently on-line in 16 regions, encompassing 37 Metropolitan Statistical Areas. Service is available in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay , Los Angeles, Seattle, Sacramento, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Boston, Washington D.C., Baltimore, Chicago, Philadelphia, San Diego, Atlanta, Detroit, Minneapolis/St.Paul, Denver, and Portland metropolitan areas. Covad has announced its plans to offer its services in a total of 22 regions, which would encompass 51 metropolitan statistical areas nationwide. Covad Communications Company and its affiliates, doing business as Covad Communications Company, are wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Covad Communications Group, Inc. (Nasdaq:COVD). Corporate headquarters is located at 2330 Central Expressway, Santa Clara, CA, 950 50. Telephone: 888/GO-COVAD. Web Site: www.covad.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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, deployment of the Company's network in new and existing regions and the timing and breadth of coverage in each region. 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 strategic third parties to market and resell its services, intense competition for the Company's service offerings, dependence on growth in demand for DSL-based services, availability of collocation space and facilities, ability to manage and scale operations, and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings. The Company disclaims any obligation to update information contained in any forward-looking statement. |
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