Covad Communications Files Amended Registration Statement for Initial Public Offering.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Jan. 4, 1999--Covad Communications Group, Inc. announced today the filing of an amended Registration Statement with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed initial public offering of up to 7,500,000 shares of the Company's Common Stock with an offering price ranging from $12.00 to $15.00 per share, with an additional 1,125,000 shares of Common Stock subject to an over-allotment option to be granted to the underwriters of the offering. Bear, Stearns & Co. Inc., BT Alex. Brown Incorporated, Donaldson Lufkin & Jenrette Securities Corporation and Goldman, Sachs & Co. are the managing underwriters of the offering. An amended Registration Statement relating to the Common Stock of Covad Communications Group, Inc. has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. A copy of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders may be obtained from the prospectus department of Bear, Stearns & Co. Inc., 245 Park Avenue, 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 , New York 10167 (212/272-2000), BT Alex. Brown Incorporated, One South Street, Baltimore, Maryland 21202 (410/895-2700), Donaldson, Lufkin & Jenrette Securities Corporation, 277 Park Avenue, New York, New York 10172 (212/892-3000), and Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004 (212/902-1000). About Covad Communications Covad Communications is a leading packet-based Competitive Local Exchange Carrier that provides dedicated high-speed digital communication services using 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 to Internet Service Provider 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. and enterprise customers. Covad Communications refers to Covad Communications Group, Inc. and its subsidiaries. Their corporate headquarters is located at: 2330 Central Expressway, Santa Clara, Calif., 95050. Telephone: 408/844-7500 or 888/GO-COVAD; Fax: 408/844-7501. |
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