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  September 5, 2001
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Home > Company Index > Telecommunications > Internet & Online Service Providers > Convergent Communications, Inc.

Convergent Communications, Inc.
Nasdaq: CONV
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symbol:
     
 PROFILE
Convergent Communications is trying to bring together voice and data services for customers while pulling back from the brink of defeat. Convergent, which is filing for bankruptcy and is laying off about 40% of its workforce, offers small and midsize businesses services such as communications services, networking hardware, and such e-commerce and Internet related offerings as Web hosting and development. It serves 35 US metropolitan areas over a packet-network based on IP (Internet protocol) and ATM (asynchronous transfer mode). Additionally the company provides voice (through resale) and such data services as Internet access and frame relay. Texas Pacific Group owns 31% of Convergent Communications.

 COMPETITION
AT&T Corp. (T)
SBC Communications Inc. (SBC)
Verizon Communications Inc. (VZ)

 DEALS
Deal: Covad, Convergent Form Alliance
Date Announced: 09.28.00
Value of transaction (US $Mil): 0
Description: Digitial-subscriber-line services will be offered to small-business networking company's customers.

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 TRACKERS
Apr. 19, 2001 - LAYOFF TRACKER
laid off
Description: See Flop Tracker.

Apr. 17, 2001 - LAYOFF TRACKER
400 laid off
Description: Unsuccessful in finding additional funding for the company. Announced that the company may file for Chapter 11 bankruptcy protection.

More LAYOFF NEWS

 STOCK ANALYSIS
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• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 132.40
1-Yr. Sales Growth: (17.2)%
Employees: 1,500
Revenue per employee: $88,266.67

 KEY PEOPLE
• Joseph R. Zell
    CEO

 CONTACT INFO
400 Inverness Drive South, Ste. 400
Englewood, CO 80112
US
Phone: 303-749-3000
Fax: 303-749-3111
Online: Web Site

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