Covad Names Eric Weiss Chief Marketing Officer; IP Communications Veteran to Focus on Accelerating Revenue Growth

Weiss will lead Covad's effort to accelerate revenue growth fromnew and existing service offerings and marketing initiatives. He willoversee marketing, product management and product strategy and willreport to Covad's president and CEO, Charles Hoffman.

"Eric is a vital addition to the Covad management team as wecontinue to focus on profitable revenue growth," said Hoffman."Throughout his career he has demonstrated his ability to achieverapid growth from next-generation networks, whether in start-upventures or by launching new lines of business within larger publiccompanies."

"I am thrilled to join the Covad team," said Weiss. "Covad isuniquely positioned to help businesses realize the cost benefits andenhanced features of next generation IP and wireless networks."

Weiss brings extensive marketing, product management and businessdevelopment experience in the telecommunications, IP services andsoftware industries. Prior to joining Covad, Weiss served as anExecutive in Residence for the telecommunications practice of theprivate equity firm Warburg Pincus, an extension of his role as seniorvice president and general manager of Mobile Applications for Aicent,Inc., a Warburg portfolio company. Before joining Aicent, he was vicepresident of Macromedia's telecom solutions business, where he wasresponsible for product marketing, business development, engineeringand strategy. Weiss served previously as chief operating officer atITXC Corp as it became the global market share leader in internationalVoIP (voice over IP) services. As part of the original management teamthat founded ITXC, Weiss was instrumental to growing annual revenuesfrom zero to $338 million, taking the company public in 1999, andbuilding out its next generation IP communications network in over 200countries. He has also held management positions with Dialogic (nowIntel), BCE Ventures, and Hewlett-Packard. Weiss earned an MBA fromHarvard Business School and a Masters in Public Policy from Harvard'sKennedy School of Government.

About Covad

Covad is a leading nationwide provider of integrated voice anddata communications. The company offers DSL, Voice Over IP, T1, Webhosting, managed security, IP and dial-up, broadband wireless, andbundled voice and data services directly through Covad's network andthrough Internet Service Providers, value-added resellers,telecommunications carriers and affinity groups to small andmedium-sized businesses and home users. Covad broadband services arecurrently available across the nation in 44 states and 235Metropolitan Statistical Areas (MSAs) and can be purchased by morethan 57 million homes and businesses, which represent over 50 percentof all US homes and businesses. Corporate headquarters is located at110 Rio Robles San Jose, CA 95134. Telephone: 1-888-GO-COVAD. WebSite: www.covad.com.

Safe Harbor Statement under the Private Securities LitigationReform Act of 1995:

The foregoing contains "forward-looking statements," which arebased on management's current information and beliefs as well as on anumber of assumptions concerning future events made by management.Examples of forward-looking statements include expectations forCovad's revenue growth and Covad's ability to help businesses realizethe cost benefits and enhanced features of next generation IP andwireless networks. Readers are cautioned not to put undue reliance onsuch forward-looking statements, which are not a guarantee ofperformance and are subject to a number of uncertainties and otherfactors, many of which are outside Covad's control, that could causeactual results to differ materially from such statements. These riskfactors include operational challenges that may arise as we deploy newservices, difficulties as we rapidly expand, deploy and improve ourservices, the impact of increasing competition, pricing pressures,consolidation in the telecommunications industry, uncertainty intelecommunications regulations and changes in technologies, amongother risks. For a more detailed description of the risk factors thatcould cause such a difference, please see Covad's Forms 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 anyforward-looking statements, whether as a result of new information,future events or otherwise. This information is presented solely toprovide additional information to further understand the results ofCovad.