3SOF

Press Release Source: Vodavi Technology Inc.


Vodavi Announces Agreement with Covad to Provide New Hosted VoIP Phones for the Very Small Market
Thursday March 23, 9:15 am ET


PHOENIX--(BUSINESS WIRE)--March 23, 2006--Vodavi Technology Inc. (NASDAQ: VTEK - News) today announced it will provide Covad Communications (AMEX: DVW - News), a leading provider of integrated voice and data communications, multiple new phone models designed for the Very Small Business (VSB) and Small Business (SB) VoIP marketplace. The phones will be manufactured by LG-Nortel Co. Ltd., Vodavi's strategic partner and largest shareholder. Vodavi will provide sales and support to Covad. The agreement will expand the range of options available to new and current Covad customers.


The 6800 Series phones employ the internationally recognized standard protocols, MGCP and SIP. They operate seamlessly with Covad vPBX service to access productivity-enhancing features like "find me/follow me," call logs, and contact lists. Prior to Covad's introduction of the 6800 Series phones, small businesses lacked a variety of cost-effective alternatives. Today, VSBs and SBs can implement the productivity advantages of VoIP with minimal up front costs, making total telecom savings even greater.

"Our goal is to transform business communications through cost-effective technology solutions," said Prakash Nagpal, director, product strategy, at Covad. "The 6800 Series is a welcome addition to our hassle-free VoIP service for small businesses and is yet another step in providing our customers with the flexibility they're looking for in a managed IP environment."

"We're pleased to supply reliable and affordable equipment to Covad customers," said Greg Roeper, president & CEO of Vodavi Technology Inc. "We look forward to doing our part to ensure that Covad customers enjoy the full range of VoIP services as made available through the 6800 Series of IP Terminals."

About Vodavi

Vodavi Technology Inc. is an advanced communications solutions provider delivering innovative business communications solutions that help small to large enterprises increase productivity and reduce costs. Vodavi's full range of communications solutions include traditional telephone systems, Voice-over-IP (VoIP) technology and converged communications solutions that allow enterprises to deploy traditional digital or VoIP communications simultaneously, providing a flexible and cost-effective migration path to new technology. The company is headquartered in Phoenix. For more information on Vodavi, visit www.vodavi.com.

About LG-Nortel

LG-Nortel Co. Ltd. is a Joint Venture of LG Electronics Inc. (Korea) and Nortel Networks Corp. (Canada). LG-Nortel specializes in developing and marketing telecommunications equipment and network solutions.

Contact:
RS Marketing Associates for Vodavi
Ruth Seigel, 480-502-0342
[email protected]

--------------------------------------------------------------------------------
Source: Vodavi Technology Inc.

Press Release Source: Covad Communications Group Inc.


Company Profile for Covad Communications Group Inc.
Friday March 24, 5:01 pm ET


--(BUSINESS WIRE)----Covad is a leading nationwide provider of integrated voice and data communications. The company offers DSL, Voice Over IP, T1, Web hosting, managed security, IP and dial-up, wireless broadband, and bundled voice and data services directly through Covad's network and through 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. Web Site: www.covad.com.
   Company:                Covad Communications Group Inc.   Headquarters Address:   110 Rio Robles
                           San Jose, CA 95134   Main Telephone:         408-952-6400   Ticker:                 DVW(AMEX)   Type of Organization:   Public   Industry:               Technology: Telecommunications   Earnings Release Dates: 1st Quarter: February 15, 2006
                           
   Key Executives:         President & CEO: Charles Hoffman
                           CFO: Christopher Dunn
                           EVP Sales & Marketing: David McMorrow
                           
   Investor Relations
     Contact:              Robert Dougherty
     Phone:                408-434-2130
     Email:                [email protected]
--------------------------------------------------------------------------------
Source: Covad Communications Group Inc.

Volume: 2,774,400
Avg Vol (3m): 2,402,650

Technicals
Most Actives

Last Price Quote is:
15.19%above 13-day EMA
14.96%above 50-day EMA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: 04/26/2006
Last Analyst Rating: Buy

10:30AM Earthlink buys shares of Covad (DVW) 2.13 +0.30 : DVW note in a filing today that at the end of March, Covad sold to EarthLink 6,134,969 shares of common stock for $10 mln, reflecting a price per share of $1.63, which equals 105% of the arithmetic average of the daily volume weighted average trading price quoted on the American Stock Exchange for the cos' common stock for each of the 10 trading days immediately preceding the execution date of the purchase agreement. Also, DVW issued to ELNK a $40 mln 12% senior secured convertible note due 2011, dated as of March 29, for an aggregate purchase price of $40 mln.

I got in this one this morning.  Nice breakout !! great volume!!

Rock on DVW......


AP
Covad Communications Shares Jump
Monday April 10, 12:26 pm ET 
Covad Communications Group Shares Climb As Analyst Issues Upbeat Report


NEW YORK (AP) -- Shares of Covad Communications Group Inc. jumped Monday as an analyst saw short-term catalysts driving the stock higher and called the telecom services company a likely acquisition target.


Jefferies analyst Romeo A. Reyes boosted his target price to $3 from $2 and reiterated a "Buy" rating on the stock, saying Covad's line-powered voice technology business "enhances the depth, breadth and quality" the company's product portfolio.

Line-powered voice, or LPV, allows Covad to offer phone service, high speed Internet access and video "over a twisted pair of copper wires," the analyst wrote in a note to clients.

In March, the San Jose, Calif., company signed a deal with Internet service provider Earthlink Inc., receiving $50 million in financing pay for the expansion of its voice services to eight new markets. Reyes said the agreement "further validates" the quality of Covad's nationwide network.

Shares rose 19 cents, or 9.1 percent, to $2.29 in midday trading on the American Stock Exchange. The stock has more than doubled in value since closing at 87 cents on Jan. 3, the first trading day of the year.

The analyst also called the company an "even more likely acquisition target" thanks to the launch of its LPV technology.

"The LPV product would enable the acquirer to differentiate its product offering from the competition and control the Company's nationwide network," Reyes wrote.

Price Channel (Continuation) Pattern......Bullish.....
A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. Price channels with negative slopes (down) are considered bearish and those with positive slopes (up) bullish. For explanatory purposes, a "bullish price channel" will refer to a channel with positive slope and a "bearish price channel" to a channel with negative slope.

In a bullish price channel, some traders look to buy when prices reach main trend line support. Conversely, some traders look to sell (or short) when prices reach main trend line resistance in a bearish price channel. As with most price patterns, other aspects of technical analysis should be used to confirm signals.

Because technical analysis is just as much art as it is science, there is room for flexibility. Even though exact trend line touches are ideal, it is up to each individual to judge the relevance and placement of both the main trend line and the channel line. By that same token, a channel line that is exactly parallel to the main trend line is ideal.


Volume: 6,048,200
Avg Vol (3m): 2,402,770

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
18.94%above 13-day EMA
23.95%above 50-day EMA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: 04/26/2006
Last Analyst Rating: Buy

Looking long term .....

Volume: 2,227,000
Avg Vol (3m): 2,703,480

Technicals
Most Actives

Last Price Quote is:
5.77%above 13-day EMA
18.90%above 50-day EMA
RS Rating: N/A 

Fundamentals
Earnings Expected on Apr 27

Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: 04/27/2006
Last Analyst Rating: Bu

Fibonacci retracement 50.0%....bounce.
Oversold Indicators, turn north
Not great fundamentals, but still trending upward.

Volume: 2,932,900
Avg Vol (3m): 3,474,120

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
-1.16%below 13-day EMA
-5.53%below 50-day EMA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: 07/26/2006
Last Analyst Rating: Outperform

Press Release Source: Covad Communications Group, Inc.


AOL and Covad Communications to Offer AOL High Speed Powered by Covad ADSL 6.0
Tuesday May 23, 8:00 am ET


DULLES, Va. & SAN JOSE, Calif.--(BUSINESS WIRE)--May 23, 2006--AOL LLC and Covad Communications Group, Inc. (AMEX:DVW - News), a leading national provider of integrated voice and data communications, today announced that consumers will now be able to access the AOL service with Covad's ADSL 6.0 high-speed broadband access product for as low as $39.95 per month.

"Covad's ADSL 6.0 access product is another example of our flexible approach to meeting consumers' needs as they move to broadband," said Joe Redling, president of AOL's Access Business. "Covad's national broadband network, high quality products, and expertise in DSL make them an ideal partner as we continue to expand our coast-to-coast AOL High Speed offer with even more provider and access speed options."

"This announcement signals a promising new direction in our longstanding strategic partnership with AOL," said Charles Hoffman, Covad president and chief executive officer. "We view ADSL 6.0 as the first of many innovative Covad products that will help AOL capture consumers' growing interest in moving to broadband."

Residential users will increasingly adopt high-bandwidth data services as they accelerate their move away from dial-up, according to Parks Associates, a leading industry and consumer research firm. "By deploying Covad's ADSL 6.0, AOL positions itself to take advantage of the residential user's increasing interest in high-bandwidth data access for applications such as online gaming, streaming video, and downloading music," said Kurt Scherf, vice president and principal analyst, Parks Associates.

Key features of AOL High Speed with Covad ADSL 6.0 include:

High-Speed Access: Covad ADSL 6.0 features download speeds of up to 6.0Mbps and up to 768K upstream.
Fast & Easy Setup: Plug-and-play installation makes establishing a wireless Internet connection quick and easy.
Customer Service: Help that's available 24/7, including help via phone, e-mail or instant message.
Safety: A comprehensive set of safety and security tools available to keep users safer against viruses, spyware, identity theft, and other online threats for no additional charge.
Content: AOL-exclusive and original programming including commercial free radio, streaming video and music are all more enjoyable than ever.
Storage: Additional benefits like unlimited email and picture storage on AOL.
Covad currently offers ADSL 6.0 to consumers only through wholesale partners such as AOL, who will begin offering the service this summer. AOL members and consumers should visit http://www.aol.com/highspeed to learn more and to sign-up.

About AOL LLC

AOL LLC and its subsidiaries operate a leading network of Web brands and the largest Internet access subscription service in the United States. Web brands include the AOL.com® website, AIM®, MapQuest® and Netscape®. AOL offers a range of digital services in the areas of education, safety and security, communications and music. The company also has operations in Europe and Canada. AOL, which is based in Dulles, Va., is a majority-owned subsidiary of Time Warner Inc.

About Covad

Covad is a leading nationwide provider of integrated voice and data communications. The company offers DSL, Voice Over IP, T1, Web hosting, managed security, IP and dial-up, wireless broadband, and bundled voice and data services directly through Covad's network and through 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. Web Site: www.covad.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

The foregoing contains "forward-looking statements" which are based on management's current information and beliefs as well as on a number of assumptions concerning future events made by management. Examples of forward-looking statements include expectations regarding the success of the relationship described in this press release and the adoption of high-bandwidth services by consumers. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Covad's control that could cause actual results to differ materially from such statements. These risk factors include the ability of Covad to sell and deliver its services efficiently, to effectively compete with other providers of voice and broadband services, and to maintain an efficient cost structure, as well as potential changes in telecommunications regulations, among other risks. For a more detailed description of the risk factors that could cause such a difference, please see Covad's 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission. Covad disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of Covad.

Contact:
Covad Communications                             
Michael Doherty, 408-952-7431 (Media)
[email protected]
Robert Dougherty, 408-434-2130 (Investor Relations)
[email protected]
or
AOL
Anne Bentley or Cindy Harvey, 703-265-1746
or                             
Pinkston Group
Christian Pinkston, 703-574-2137               
[email protected]

--------------------------------------------------------------------------------
Source: Covad Communications Group, Inc.

Press Release Source: Covad


Covad Wins Communications Solutions' 2005 ''Product of the Year'' Award and Announces Unlimited Domestic Monthly Minutes for VoIP Customers Using PBXi Plus
Monday May 22, 1:00 pm ET


SAN JOSE, Calif.--(BUSINESS WIRE)--May 22, 2006--Covad Communications Group, Inc. (AMEX:DVW - News), a leading national provider of integrated voice and data communications, announced today that its PBXi Plus business-class Voice over IP (VoIP) product has just received a 2005 Product of the Year Award from Technology Marketing Corporation's Communications Solutions magazine. Covad also announced that it has made this award winning service even better by providing its new and existing PBXi Plus customers with unlimited domestic monthly minutes.(1)


"With this enhancement, PBXi Plus becomes an even better fit for how small and medium businesses use VoIP," said John Grady, director of product management for Covad. "PBXi Plus provides customers who have already invested in a premises-based telephone solution an unbeatable value combination: award winning VoIP technology, the quality of service (QOS) of Covad's nationwide network, a seamless installation experience and no upfront charges."

Covad's PBXi Plus targets small businesses and distributed enterprises that have existing on-premises phone equipment. The product integrates seamlessly with business phone systems because the business is able to retain its original handsets, phone numbers and equipment. PBXi Plus requires no upfront expense: Covad provides a professional installation and Cisco 2431 router at no charge. Full e911 service is included.

PBXi Plus runs over Covad's Voice-Optimized Access (VOA) T1 lines. VOA allows Covad to manage the quality of both voice and data services simultaneously, and enables our customers to realize significant cost savings, while eliminating the expense of maintaining separate voice and data networks.

The product is based on the Covad hosted platform and supports the functionality of the customer's existing PBX system, but adds other valuable features, including new online management and configuration capabilities. Covad also offers a hosted business-class VoIP product, Covad vPBX, for customers who are replacing existing premises-based solutions in favor of the convenience and reliability of a fully-managed VoIP solution.

No action is required for existing PBXi Plus customers to take advantage of the increase in monthly minutes: the service plan upgrade will be reflected in their June invoices.

(1) Minutes are capped at 101,000 minutes per month per site. Covad charges approximately $0.025 per minute for any usage above the 101,000 minute cap.

About Covad

Covad is a leading nationwide provider of integrated voice and data communications. The company offers DSL, Voice Over IP, T1, Web hosting, managed security, IP and dial-up, wireless broadband, and bundled voice and data services directly through Covad's network and through 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. Web Site: www.covad.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

The foregoing contains "forward-looking statements" which are based on management's current information and beliefs as well as on a number of assumptions concerning future events made by management. Examples of forward-looking statements include expectations regarding the success of Covad's PBXi Plus products. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Covad's control that could cause actual results to differ materially from such statements. These risk factors include the ability of Covad to sell and deliver its services efficiently, to effectively compete with other providers of voice and broadband services, and to maintain an efficient cost structure, as well as potential changes in telecommunications regulations, among other risks. For a more detailed description of the risk factors that could cause such a difference, please see Covad's 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission. Covad disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of Covad.

Contact:
Covad Communications
Michael Doherty, 408-952-7431 (Media)
[email protected]
Robert Dougherty, 408-434-2130 (Investor Relations)
[email protected]
or
Pinkston Group
Christian Pinkston, 703-574-2137 (Media)
[email protected]

--------------------------------------------------------------------------------
Source: Covad

Press Release Source: Covad Communications Group, Inc.


Covad Joins Leading Global Telecom Providers to Found WiBro and Mobile WiMAX Community
Wednesday May 24, 8:00 am ET


SAN JOSE, Calif.--(BUSINESS WIRE)--May 24, 2006--Covad Communications Group, Inc. (AMEX:DVW - News), a pioneering national provider of integrated voice and data communications, announced today that it is a founding member of the WiBro and mobile WiMAX Community (WMC) alongside leading global telecom providers such as KT Corporation, TeleKom Malaysia Berhad, and PCCW. The WMC was founded to further the deployment and interoperability of WiBro, a mobile WiMAX broadband wireless technology standard.


"By joining the WMC, Covad gains an opportunity to learn from and share information with leading telecom providers in other countries," said Alan Howe, vice president of strategic and wireless development for Covad. "This puts us on the cutting edge of new developments in the fast-growing wireless broadband market."

"We are very pleased to have Covad as a US-based founding member of the WMC," said Hoon Kim, a manager for KT Corporation. "We look forward to developing shared strategies and exploring potential partnership opportunities."

Deployment of WiMAX is expected to grow substantially by the end of this decade, according to global industry research firm Ovum. "Covad is smart to partner with players like KT Corporation," said Julien Grivolas, telecommunications analyst from Ovum. "With the commercial launch of its WiBro services expected next month, KT is the most advanced operator in mobile WiMAX, while there are many innovative broadband wireless access initiatives in Asia. Consequently, WMC membership will provide Covad with some exciting opportunities."

Covad is also a member of the WiMAX forum, another industry group focused on furthering the spread of wireless broadband among businesses and consumers. Covad operates a wireless broadband network with over three thousand business customers in major markets throughout California and Nevada.

Press Release Source: Covad Communications Group, Inc.


Covad to Present at the Cowen and Company 34th Annual Technology Conference
Thursday May 25, 8:00 am ET


SAN JOSE, Calif.--(BUSINESS WIRE)--May 25, 2006--Covad Communications Group, Inc. (AMEX:DVW - News), a pioneering national provider of integrated voice and data communications, today announced that Charlie Hoffman, president and CEO, and Chris Dunn, CFO, will present at the Cowen and Company 34th Annual Technology Conference on Thursday, June 1, 2006 in New York. The company is scheduled to present at 3:05 p.m. EDT/12:05 p.m. PDT.


A Webcast of the event will be available in the Event Calendar section of Covad's website at http://www.covad.com/companyinfo/investorrelations. Please note that participants are required to register in order to access the Webcast. A replay of the Webcast will also be made available on the Covad website.

About Covad

Covad is a leading nationwide provider of broadband voice and data communications. The company offers DSL, Voice over IP, T1, Web hosting, managed security, IP and dial-up, wireless broadband, and bundled voice and data services directly through Covad's network and through 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. Web Site: www.covad.com.

Contact:
Covad Communications Group, Inc.
Michael Doherty, 408-952-7431 (Media)
[email protected]
Robert Dougherty, 408-434-2130 (Investor Relations)
[email protected]

--------------------------------------------------------------------------------
Source: Covad Communications Group, Inc.

Nice move north off a Fibonacci retracement 50.0%.
4+ oversold indicators.
Looking for a long term target @ $7.00
Volume: 6,349,900
Avg Vol (3m): 3,579,540

Technicals
Close Above the 50-day EMA
Most Actives
Percentage Gainer

Last Price Quote is:
12.04%above 13-day EMA
8.99%above 50-day EMA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: 07/26/2006
Last Analyst Rating: Outperfor

I nibbled on Friday. I expect this to be a quick trade. If it doesn't keep going up on Tuesday I'll pull the plug. If it hits $2.50 I'll probably sell there.

Travis - what do you base your $7 long term target on? I took a quick look at the fundamentals and didn't see anything there to support a 3-bagger move from here.