Wednesday July 11, 9:27 am Eastern Time
Press Release
Covad Announces Operating Statistics for the Second Quarter 2001
SANTA CLARA, Calif.--(BUSINESS WIRE)--July 11, 2001--Covad Communications, Group, Inc. (Nasdaq: COVD - news), the leading national broadband services provider utilizing DSL (Digital Subscriber Line) technology, today announced second quarter operating statistics as of June 30, 2001.
Covad has 333,000 lines in service on its network, a four percent increase from March 31, 2001. This figure does not include lines deployed on the BlueStar network, which are no longer included in Covad`s line count. It also reflects the continued disconnection of subscribers as Covad ended its relationships with some of its financially troubled resellers.
Approximately 51 percent of Covad`s total lines are business lines and 49 percent are consumer lines.
Covad`s direct channel represents two percent of its total lines. The other 98 percent of Covad`s lines are provided through a Covad reseller. The decrease in the percentage of lines served through Covad`s direct channel results from the exclusion of lines sold by BlueStar.
Fourteen percent of Covad`s total lines are served through resellers for which Covad recognizes revenue when it is paid, a two percent reduction from the previous quarter. This group includes Covad lines sold by BlueStar. These BlueStar subscribers have been offered the opportunity to switch to Covad`s direct service, Covad.net.
``We are taking measures to reduce the costs associated with our business, which includes disconnecting subscribers from financially distressed Internet service providers,`` said Chuck McMinn, Covad chairman. ``We are making very good progress in cleaning up our distressed line issues, which shows up in the lower net line growth for the second quarter that we predicted. The demand for broadband is still strong and we continue to install many new lines. Our lower net increase in lines also reflects the elimination of lines in BlueStar central offices where we no longer offer service. These lines will be disconnected or migrated to other service providers in the coming months.
``Our focus is on growing a strong, healthy business and focusing on our strongest channel partners,`` continued McMinn. ``A healthy reseller channel is very important to us as it continues to deliver the majority of our sales. We will continue our efforts to control costs and increase our subscriber base to maintain our position as the leading national DSL provider.``
Quelle:http://biz.yahoo.com/bw/010711/0190.html
Mag vielleicht nicht so rauskommen, aber die Restrukturierung scheint zu greifen, der Umsatz dürfte ab dem nächsten Quartal kräftig wachsen, und vielleicht bietet sich dann schon bald ein deutlicher Silberstreif am Horizont.
