June 21, 2001
* Covad Communications Group Inc. reported an operating loss of $159.9 million, or 93 cents a share for its fiscal first quarter, far better than the $1.35-a-share loss analysts expected. The struggling seller of digital subscriber lines for fast Internet access said revenue more than tripled to $71.2 million from $20.8 million. * Avnet Inc., a distributor of computer parts, said fiscal fourth-quarter sales will come in 25% to 30% lower than the $3.
May 5, 2004 |
For the first time, U.S. local telephone companies have sold more high-speed Internet connections than cable providers have, a milestone that could intensify competition and lower prices. After taking a leisurely approach to high-speed Internet access for years, phone companies now see broadband as essential to their survival, committing billions of dollars to extend their networks, market their services and offer extras such as free wireless home-networking gear.
June 17, 2004 |
This may be the summer of broadband. As phone companies scuffle with cable providers to push high-speed Internet service, former dial-up customers like Bill Rowe are getting online faster and for less. The corporate buyer from Manchester, N.H., has his pick of three providers of so-called broadband access -- at a price that is half what it was five years ago.
October 16, 2000 |
Covad Communications Chief Executive Robert E. Knowling Jr. strides into an austere conference room, ignoring the usual introductory pleasantries as he settles into a leather chair, Diet Coke in hand. "We've got way too many spare cubicles," Knowling says of the smaller of the two high-speed Internet company's Santa Clara, Calif., offices that he's just decided to close. "I go all around the country and I never hear people complaining, 'Bob, we ain't got enough space.'
December 21, 2000 |
Let there be no doubt: 2000 was indeed the year for high-speed Internet access, and especially for digital subscriber lines, or DSL--the broadband technology sold and incessantly advertised by phone companies nationwide. DSL providers, who started the year at a near-standstill compared with rival cable modem services, rocketed into neighborhoods throughout the year, adding customers at the frenetic pace of more than 1,300 subscribers a day.
November 17, 2006
* Wal-Mart Stores Inc. expanded a $4 offer for some generic drugs to 11 more states in its plan to reach all 50 states by as early as January. * VaxGen Inc. of Brisbane, Calif., said the U.S. government extended to Dec. 18 the deadline to resolve issues that caused tests of an anthrax vaccine to be put on hold.