DSL firm takes fast road to IPO

Covad Communications makes a strong showing on Wall Street, one of the first DSL companies to go public. Founded just four years ago by former Intel executives, the packet-based competitive local exchange carrier has cut some lucrative deals--including pacts with Qwest Communications, Nextlink, and AT&T. As high-speed Net access becomes the priority for ISPs and telcos alike, Covad may be in the right place, at the right time.

Covad shares trade strong on first day update One of the first DSL companies to forge ahead with an initial public offering makes a strong showing on Wall Street. Qwest invests $15 million in Covad update Qwest Communications invests $15 million in Covad Communications and will, for the first time, market high-speed Internet service through the company. AOL, Bell Atlantic raise speed limit update Local phone giant Bell Atlantic and America Online joined forces today in an agreement that will give AOL access to the Baby Bell's new high-speed Internet services.