The first Celeron processor Intel released. It was essentially a cut-down Pentium II as it didn't have any L2-cache at all. Due the lack of L2-cache the new Celerons were a good deal slower, but gained overclockability because the old off-die L2-cache is more difficult to overclock.

At first the new Celeron sold fairly good because of Intel's reputation/name but people found out that it didn't had the performance they hoped it would have. This hurted the name Celeron. Intel repaired their mistake by releasing Covington's successor, the Mendocino.