SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Corvis (CORV)
CORV 0.4200.0%May 27 5:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: If only I'd held who wrote (190)7/29/2000 10:58:21 PM
From: Bald Man from Mars   of 325
 
From Reuters ---

Corvis Corp. (NasdaqNM:CORV - news) also rode the fiber-optic mania
that has swept the
new-issues market of late, surging more than 135 percent to close at
84-23/32 -- dramatically
above its $36 per share offering price. The fiber-optic equipment provider
said in a filing with the
Securities & Exchange Commission that is has ``not recognised
meaningful revenue'' yet.

``Some executives in the optical networking equipment business say this is
no different than the
power that semiconductor companies brought to the technology world --
this stuff could be
revolutionary,'' said Kenan Pollack, money editor at Hoover's Online. ``If
you were to go back 20
years and buy Intel for few billion dollars you might think it was
expensive, but carrying it forward
20 years that would have been a very good investment.''

Dude, picked up 400 shares on Friday, and plan to hold it for 20 years, and please don't tell me that my 34K investment is going down the toilet ...
<ggg>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext