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Strategies & Market Trends : Rande Is . . . HOME

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To: maverick61 who wrote (48499)	3/6/2001 12:54:46 PM
From: GREENLAW4-7	Read Replies (1) of 57584

CORVIS, I have followed CORVIS since Dr. Huber left CIENA in early 97. I became acclimated to Dr. Huber when I bought CIEN at 13+ AFTER THEY FELL from around 80 upon losing a large tele-com contract( I believe it was T) Anyways when he left CIEN was still very low, but the reason CIEN fell originally from 85-9 was their 2 nd generation network was not widely accepted, and many doubted if it would ever work. Now 3 years later we know Dr. huber was correct about CIEN's technology. In 97 he asked the board at CIEN to begin placing a large emphisis on the 3rd generation network...an all optical network. CIEN board did not want to go in the direction Dr. Huber wanted so he left the company he founded with some of the upper managment and many technicians from CIEN. I believe in the current tele-com enviroment regeneration is too expensive and the all optical is the most cost effective and successful going forward. I advise all interested parties to study where tele-com is going over the next 4-8 years. CORVIS is a solution to a problem. Regarding the 300 mil outstanding shares. My research tells me they did a 3-1 split prior to going public. I know NT made a bid for CORVIS in 99 and was turned down, and I know CSCO attempted to buy CORVIS in 99 but Dr. Huber has stated he values his company above 5 Bil. I do believe we are under selling pressure from the insiders but at this price I find it much more of a compelling REWARD versus RISK play. The downside is a buyout above $30., but I do think CORVIS would ask for more then $40. Good luck, and I still believe this is a stock that come 2005 you will never believe it was $8. today. P.S. There are reports that Dr. Huber put 300Mil out of pocket to start the company.

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