August 7, 2001

Covad planning for Chapter 11

Author: JT Smith

Slashdot: "According to their press release, Covad Communications Group, Inc. is
preparing to file for Chapter 11 protection for restructuring. One of the most important
points in the release is Covad Communications Group, Inc.'s operating companies,
which provide DSL services to customers, are not expected to be included in the
court-supervised proceeding and will continue to operate in the ordinary course of
business without any court imposed restrictions,' meaning that the operating companies which deal with
service providers (such as Speakeasy, who have endorsed Covad's action) will continue to operate
unfettered by the court restrictions, and end-user services should be unaffected. Hopefully."

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