Business
Covad slashes 400 jobs
Covad Communications on Monday announced plans to reduce its workforce by 13 percent. The DSL service vendor said nearly 400 full-time employees inDenver, Atlanta, California, and Virginia would receive pink slips.
Covad Communications on Monday announced plans to reduce its workforce by 13 percent. The DSL service vendor said nearly 400 full-time employees in Denver, Atlanta, California, and Virginia would receive pink slips. Shares of Covad (covd) rose to 3.0937 in after-hours activity on the Island electronic communications network following the news. Covad stock fell 0.15625 to 2.71875 in Monday's regular trading prior to the report. Full story. -- Sergio G. Non, ZDNet Inter@ctive Investor