>>Has anyone noticed that CORV is planning a 4 for 1 stock split at the end of the first day of trading of their IPO ? I may be reading their S1 filing wrong...but it sure looks that way...<<
That sure is odd... I would think they would just issue more stock instead of doing that...
From the filing:
>>a 4-for-1 stock split of our common stock to be effective prior to the closing of this offering<<
Could this possibly mean the split is for the pre-IPO shares?
At any rate, here is a mention of Corvis....
>>Corvis Corp.
www.corvis.com
Corvis may have enough Ph.D.s on its staff to open a small university, but with all of the company's recent announcements, who's complaining? After all, the company is headquartered on Albert Einstein Drive in Columbia, Md. After announcing field trials with Qwest Communications and Broadwing Communications late last year, Corvis recently landed a $200-million order from Williams Communications pending successful completion of field trials on Williams' Houston to Washington, D.C. route. Looks like the magic of President and CEO David Huber, who saw early optical networking success when he founded Ciena, is still working.
Although many have talked about the idea of an all-optical network, Corvis is the first to put its money where its mouth is. The company has unveiled more than a box-it offers a suite of products in the CorWave family designed to deliver traffic end to end without the optical-electrical-optical (OEO) conversion that has received so much attention. Corvis certainly appears to have covered all its bases in the backbone. According to the company there are three critical capabilities required for the next-gen optical Internet: ultralong optical reach, terabit switching and instant bandwidth provisioning. Ultralong reach (through the Optical Network Gateway, Optical Amplifier and Optical Add/Drop Multiplexer products) eliminates the need for regenerators, allowing lightwaves to travel up to 3200 kilometers without signal regeneration. Terabit switching (through the Optical Routing Switch) optically routes lightwaves at multiple fiber network connections. Instant bandwidth provisioning (through the CorManager/Wave Planner) allows for wavelength planning and provisioning as well as path restoration and protection management. That's quite a comprehensive portfolio for a 3-year-old company.
"There's a real need for products at the top of the market in terms of speed and power, and Corvis seems to have a complete package in the backbone to really meet the needs of service providers," said Lawrence Gasman, president of Communications Industry Researchers. "Of any company in this arena, I think they are the most likely to succeed. The vision of their CEO, David Huber, is very impressive and he seems committed to not selling out to the big guys."<<
telecommagazine.com
And a bunch of other articles on optical networking may be interesting to some...
telecommagazine.com |
