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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject4/26/2001 6:23:07 PM
From: besttrader   of 37746
 
Corvis (CORV) 7.89 -0.45: -- Update -- Conference call concludes; a mixed bag for CORV. Positives are reaffirmation of 2001 revenue guidance and Qwest's decision to build an all-optical network with Corvis products. Negatives are lack of new customer wins and pricing pressure that will reduce growth margins to about 30% from prior target range of 35-40%. Stock trades down slightly to 7.55 after hours.

Exodus Comms (EXDS) 9.03 -0.80: -- Update -- Conference call ended. Tone of call was positive. Company seems optimistic about its longer term prospects, although conditions are difficult in the near term...Best nugget out of the call was that there are some very large bids in the pipeline -- more than ever before....stock traded up a bit on that comment, now trading at 9.15.
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