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Anbei der Bericht (Covadboard) eine Besuchers beim gestrigen Analysten Event in NY: From "billbony" <wstaby@phaon.com> Glad I attended. CH is not quite so dull in person as he is over the phone or on a webcast. IMHO, the purpose of this morning's press release and 2-day conference schedule is simply to spread the word about Covad. Not sure why the pps plummeted today other than the fact that the press release caused people to focus on negative net income for 2006 and not on CF+ (which Chris Dunn confirmed would happen in the 4thQ). In short, NOTHING HAS CHANGED FOLKS! There was alot to absorb today but I'll give you my Biggest Positive, Biggest Negative, Biggest Aha! and, finally, clarify one fact: Biggest Positive The presentation by Claude Tolbert and Dave McMorrow, though long, indicated to me that Covad has (finally) developed a very clear idea about how its various products will be targeted and sold i.e. Enterprise vs. Consumer, wholesale vs. direct, etc. I'm not trying to be an apologist because the GoBeam acquisition was indeed badly muffed, but, let's face it,the transition from being solely an access provider to being a service provider would be hard for ANY company to pull off. Biggest Negative NONE! Other than the fact that the lock-up period for the $10mm common equity investment by ELNK expires in (roughly) October, I see nothing other than a negative development on the regulatory front and no additional LPVA customers (i.e. slower-than-hoped growth) as potential setbacks to the pps going forward. Biggest Aha! I finally understand what bonded T-1 is and why there is good growth and margin in this business for Covad. In essence, they're not simply re-selling T-1 lines from AT&T etc. (explains the good margins) and their corporate customers really need to up their bandwidth (explains the good growth). To me this establishes a great foundation for the company. Fact Clarification: The 2006 - 2009 revenue guidance DOES include Earthlink LPVA although with no more than the original 11 cities. I'm a little sketchy on this but I believe that the revenue guidance DOES NOT include the new 6.0 DSL offering through AOL. I'll kiss your ass in Macy's window if any analyst downgrades Covad based on today's presentation. ------------------------------------------------------------------- alles noch im grünen Bereich |
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| aus der Diskussion: | langsam wird es peinlich, seit 19.10. jeden Tag +20% ! Covad Communications ! |
| Autor (Datum des Eintrages): | CovadFan (31.05.06 10:41:23) |
| Beitrag: | 551 von 705 (ID:21884344) |
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