Covad Reaches 100,000 DSL Lines in Service Milestone.Business/High-Tech Editors 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)--April 19, 2000 Nation's Leading Broadband 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 Provider Brings Broadband to More Small Businesses and Households Than Any Other National DSL Provider Covad Communications (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ), the leading national broadband services provider utilizing DSL (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 ) technology, today crossed the 100,000th line milestone, bringing ultra-fast, "always-on" broadband connections to more homes and small businesses across the country than any other national DSL provider. Surpassing 100,000 lines is evidence of the Company's proven ability to effectively provision and deliver broadband Internet See broadband. connections. "Hitting the 100,000th mark is just the beginning," said Cathy Hemmer, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Covad. "With broadband penetration below 3 percent, there is a huge opportunity for Covad to bring broadband to millions of small businesses and homes. Our goal is to keep up with the tremendous demand for broadband and deliver services in the most simple, efficient and cost-effective manner." The 100,000 line milestone represents more than a 1,000 percent growth rate over the last 12 months and a 75 percent growth since December 31st. This growth highlights Covad's position as the nation's leading DSL broadband services provider in its ability to scale with the demand for broadband and successfully manage the installation and provisioning process. Currently, Covad's network reaches over 35 million businesses and homes across the country and is expected to reach more than 40 percent of all U.S. homes and 45 percent of all U.S. businesses by the end of 2000. Covad offers users a fast, always connected broadband DSL line that eliminates the delays, busy signals, and non-connects typical with dial-up services An information service on demand. The term was popular when analog modems were the only way to connect to a remote system. See dial-up. . 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(SM) service provides users with connections up to 25 times the speed of most dial-up solutions, providing a high-quality and widely available residential option for high-speed Internet access. About Covad Covad is the leading national broadband services provider of high-speed Internet and network access utilizing Digital Subscriber Line (DSL) technology. It offers DSL, IP and dial-up services through 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. , telecommunications carriers, enterprises, affinity groups, PC OEMs and ASPs to small and medium-sized businesses and home users. Covad services are currently available across the United States in 63 of the top Metropolitan Statistical Areas (MSAs) and are expected to 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. Corporate headquarters is located at 2330 Central Expressway, Santa Clara, CA 95050. Telephone: 1-888-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 statements regarding overall market demand for the Company's services, the ability to continue to build out central offices with deployment of the Company's network in new and existing regions, the ability to scale our business 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, dependence on incumbent local exchange carriers for collocation, unbundled network elements and transport, ability to manage growth of our operations and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings. |
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