San Jose, California – (The Hosting News) – September 26, 2007 – Web host and national provider of integrated voice and data communications firm, Covad Communications Group, Inc.,
recently presented at the Kaufman Bros. Tenth Annual Investor Conference in New York’s W Hotel.
Charles Hoffman, Chief Executive Officer for Covad, spoke at the event. Mr. Hoffman provided an overview of the company’s business strategy and recent financial performance, as well as offer insights on future directions. A webcast of the event is available in the Event Calendar section of Covad’s website for a limited time.
Over 100 companies converged at the event, representing a variety of growth industries driven by innovation, including emerging technology, mobile entertainment, digital imaging, gaming, robotics, wireless technology, home entertainment, capital equipment, application software, biotechnology, life sciences, contract manufacturing, display technology, electronic components, fiber optics, handheld devices, communications infrastructure, business services, transaction processing, electronic automation design, PC hardware, storage networking and wireless communications firms.
Founded in 1995 in response to growing investment community demand for specialization, Kaufman Bros., L.P. is a research-based, full-service investment bank, securities trading firm and brokerage operation serving the communications, media and technology universe. Kaufman Bros. integrates financial, technical, operational, international and legal expertise to provide accurate and comprehensive analysis of industry trends to a range of communications, media and technology companies and professional investors.
Recently, Covad debuted its ADSL2+ service, designed for small businesses and home offices, with a next-generation broadband service providing data speeds of up to 15.0 Mbps. The standalone service, available in 11 major markets, was developed to provide small businesses and home offices with faster data speeds to power bandwidth-intensive applications such as file-sharing and video conferencing.
Covad’s standalone ADSL2+ is available in Atlanta, Chicago, Dallas, Los Angeles, Miami, New York, Philadelphia, San Diego, the San Francisco Bay Area, Seattle, and Washington, DC. Three speed tiers are available: up to 8.0 Mbps, up to 10.0 Mbps and up to 15.0 Mbps. Covad offers standalone ADSL2+ customers 24×7 support and a service level agreement that includes a mean time to repair (MTTR), at prices on par with the few competing offers in the market. Customers within 9,000 feet of a central office (CO) have access to ADSL2+ services.
ADSL2+ has been available for several years in countries with advanced broadband infrastructures, such as South Korea and Singapore, but Covad is the first provider to deploy it widely in the US. Continuing its tradition of innovation, the company operates the nation’s first and largest next-generation broadband network, placing it among a select group of forward-looking telecom providers and allowing it to offer new services that small businesses demand.
David Lemelin, Senior Analyst at In-Stat added, ”With the launch of standalone ADSL2+, Covad solidifies its position as a leading provider of broadband to small businesses and is able to better compete with cable providers and traditional phone companies.”
Covad is marketing standalone ADSL2+ to small businesses and home offices with high-bandwidth needs, such as: companies dependent on video-conferencing, like doctor’s offices, video surveillance or security firms; and graphic design, photography and other digital media businesses who are dependent on the sharing of large files. Covad does not market standalone ADSL2+ to residential users, but expects that households with high-bandwidth needs will seek out this latest broadband offering.
ADSL2+ augments Covad’s portfolio of business-class broadband offerings, which also includes a Bonded T1 service, launched nationwide earlier this month, that combines two T1 lines to serve businesses and distributed enterprises with fast, symmetrical data speeds of up to 3.0 Mbps and service level agreements. Covad also offers a residential ADSL2+ product with speeds of up to 8.0 Mbps as part of a bundled line-powered voice solution sold by strategic partner EarthLink in the same 11 markets as standalone ADSL2+. ADSL2+ is available through Covad and its distribution partners.
Covad is a nationwide provider of integrated voice and data communications, offering DSL, Voice Over IP, T1, broadband wireless, web hosting, managed security, IP and dial-up, and bundled voice and data services directly through its network and Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad broadband services are currently available across the nation in 44 states and 235 Metropolitan Statistical Areas (MSAs) and can be purchased by more than 57 million homes and businesses, which represent over 50 percent of all US homes and businesses. Corporate headquarters is located at 110 Rio Robles San Jose, CA 95134. Telephone: 1-888-GO-COVAD.
For more information about Covad, please visit: www.covad.com.