| | Business Summary | | Covad
Communications
Group,
Inc.
is
a
provider
of
broadband
communications
services,
which
the
Company
sells
to
businesses
and
consumers
directly
and
indirectly
through
Internet
service
providers,
enterprises,
telecommunications
carriers
and
other
customers.
The
Company
offers
six
business-grade
services
under
the
TeleSpeed
brand
and
two
consumer-grade
service
offerings,
TeleSurfer
and
TeleSurfer
Pro,
to
connect
end
users
to
Covad's
network.
In
March
2000,
the
Company
introduced
three
new
services:
DSL+IP,
Virtual
Internet
Service
Provider
(VISP)
and
Virtual
Broadband
Service
Provider
(VBSP).
Covad
also
offers
business
consumers
private
networking
technology
over
its
network.
In
addition,
Internet
service
provider
and
enterprise
customers
may
purchase
backhaul
services
from
the
Company
to
connect
their
facilities
to
its
network.
In
August
2001,
the
Company
filed
a
voluntary
petition
for
reorganiztion
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Covad
Communications
Group
is
a
high-speed
Internet
and
network
access
provider
offering
digital
subscriber
line
services
to
Internet
Service
Provider
and
enterprise
customers.
For
the
six
months
ended
6/30/01,
revenues
totalled
$158.3
million,
up
from
$64
million.
Net
loss
before
acct.
change
rose
34%
to
$374
million.
Revenues
benefited
from
an
increase
in
broadband
subscribers
and
the
acquisition
of
BlueStar.
Net
loss
reflects
a
$17.7
million
restructuring
charge. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles McMinn, 49
Chairman | -- | Charles Hoffman
Pres,
CEO | -- | Frank Marshall, 54
Vice
Chairman | $0.0K | Catherine Hemmer, 42
COO,
Exec. VP | 422.5K | John McDevitt, 48
Exec.
VP of Sales and Marketing | -- | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/c/covd.ob.gif)