Corvis Corporation (CORV) Message Board

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Technology Stocks : Corvis Corporation (CORV)

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To: GraceZ who wrote (328)	3/6/2001 3:09:51 PM
From: James Fulop	Read Replies (1) of 2772

>>I was almost through listening and had half my response to you typed when a woman analyst asked some questions about a beam splitter and she named Corvis by name as a company that has an inventory bubble. There was no correction on the part of NUFO when they answered her question, so I have to assume the original assessment that CORV is one of the two companies sitting on too much inventory is correct.<< Very interesting. And thanks for the catch. I know many will criticize me when I say this, but is a lack of a correction on a CC the same as an affirmation? <g> And since NUFO did mention on the Jan CC there was already an inventory adjustment being made by Covis (as its share of NUFO revenue went from 22.1% to 17.1% from the 3rd to 4th quarter,) were they really affirming a new inventory bubble write off or the existing one previously mentioned? (The one already noted by them and yet one that did not prevent them from raising guidance as they did in January....) Or perhaps the situation only got worse for Corvis? Okay, I'm probably splitting hairs here.....lol

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