Covad Will Bring High-Speed Broadband Internet Access to 67 Percent of Households and 73 Percent of Businesses in St. Louis.Business Editors/High Tech Writers ST. LOUIS, Mo.--(BUSINESS WIRE)--Aug. 3, 2000 St. Louis is the latest city now capable of receiving high-speed, always-on broadband services from Covad Communications (Nasdaq:COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ), the leading national broadband services provider 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. Covad DSL service will ultimately be made available to more than 68,000 business and 647,000 households in the St. Louis area, which is 73 percent of businesses and 67 percent of households in the area. "High-speed access is going to improve the experience of the Internet for everyone from business employers to sports fans," said Carol Karney, president and general manager of the Central region. "Residents will be able to telecommute See telecommuting. easily, quickly search for information on events in St. Louis, and even download the latest highlight from a Cardinals game." Covad is the Virtual 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. (VISP VISP Virtual Internet Service Provider VISP Vitamin Intervention for Stroke Prevention Trial VISP Video Imagery Standards Profile VISP Visual Information Systems Program ) for the St. Louis Cardinals For the National Football League team that played in St. Louis from 1960 to 1987, see . The St. Louis Cardinals (also referred to as "the Cards" or "the Redbirds") are a professional baseball team based in St. Louis, Missouri. which allows baseball fans to choose the Cardinals as their Internet Service Provider. For example, using the email address See Internet address. yourname@stlouiscardinals.net, fans can use the special home page to launch all web activities, including receiving information about upcoming events, special video clips, team news and email. By providing fast, always-on DSL access, Covad allows users to quickly navigate the mass of information on the Internet. Many of the most popular Internet uses such as downloading audio or video files, shopping, and file transfers are made easier by a high-speed DSL connection, while frustration due to dial-up time and busy signals is never an issue while surfing the Internet. Covad offers two products: TeleSpeed(R) service, targeted to businesses; and TeleSurfer(SM), appropriate for households. Covad DSL provides connections up to 50 times faster than 28.8K modems and Covad's dedicated single-user connections provide an always-on connection that is more flexible than cable modems. To order Covad DSL or check service availability, residents in St. Louis should go to http://www.covad.com and find the service that best fits their needs. Covad sells DSL services through both local and national Internet Service Providers (ISPs) across the nation. 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, 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 95 of the top Metropolitan Statistical Areas (MSAs). By the end of 2000, Covad services are expected to be available in 165 MSAs (which includes MSAs that will be added as a result of the acquisition of BlueStar Communications). At that time Covad's network is targeted to reach more than 45 percent of all U.S. homes and 50 percent of all U.S. businesses. Corporate headquarters is located at 4250 Burton Drive, Santa Clara, CA 95054. 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 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. , and our ability to provide high-quality, media-rich 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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