Covad Communications - COVD | Stock Discussion Forums

To: Jaknik2 who wrote (10444)	5/6/2007 1:07:16 PM
From: rjk01	of 10485

The old excuse was that they were banged by regulators, lobbyist of the big telo... constantly forced to reinvent the wheel. C kept promising growth and next year was the promised land. But next year was years ago, matter of fact next year seem to be worse as times goes. Growth promises never materialized cash is down, losses are bigger and pps is under 1 as it was years ago during BK days. The few that covered covd got burned so did funds who then pulled their money out. The CEO and the board are paid well (few millions in performance bonus ironically) the good people (D) moved to a better place. One will be hard press to say anything good about the past, present or near future. There you have it in nutshell.

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To: rjk01 who wrote (10446)	5/6/2007 11:20:05 PM
From: Andre Williamson	of 10485

Looks to me like no one much is selling either - except for panicky retail investors. Hey, when we hit $2+ a year ago I was the one asking whether we weren't getting ahead of ourselves and did people have any kind of lightening/exit plan. Wasn't particularly popular for saying that. IMO there's no cause for fear here, the company is treading water, not bleeding out. Is CH the man for the job? I could certainly conceive of someone doing better, but is Covad going to be able to identify and hire that person? Given recent performance, I think management is overpaid, but I think people are dreaming if they think they can replace the current team with a better one at a lower price. Andre

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To: Andre Williamson who wrote (10447)	5/7/2007 2:45:36 AM
From: rjk01	of 10485

you make a good point, nevertheless Steve Job takes a dollar salary yet he is the highest paid CEO. Its all tied to his performance. Dov Moran who was the founder and CEO of M sys had the same deal over many years (at 4 pph and 40). He sold the company many years later to sndk never taking more then a buck in salary. I dont think the shareholder care how much the CEO makes if he is preforming. Right now 1 dollar is a fair price for a company/ceo that consistently under preform. 2 is not in the cards right now. 1.2 will be a gift. We used to have coverage and buy recommendations but they all got burned once and again. The litmus test will be the pps on the days after the CEO is fired (if it happens). Something tells me we will be up not down (the market will see it as short term positive)

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