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Technology Stocks : Corvis Corporation (CORV)
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To: Doug Skrypek who wrote (373)3/7/2001 2:01:53 PM
From: Secret_Agent_Man  Read Replies (1) of 2772
 
smart money article today
biz.yahoo.com
It's important, though, to be selective, because large integrated firms like Nortel will be slower to
recover than smaller, nimbler rivals. What their carrier customers need to buy their way out of the
slump is more of the new equipment, and less of the old. As my colleague Cintra Scott pointed out
in the aftermath of Nortel's revenue bombshell, much of its product line consists of older equipment
that no longer grows at dramatic rates. True, Nortel continues to revamp these products, and some
of its customers can cut costs by updating the stuff they already own. But more powerful savings
will come from optical equipment that makes large strides in reducing the cost of sending every bit
of information across the fiber buried in the ground. That's where younger competitors selling more
innovative equipment come in. Their ranks include Ciena (NASDAQ:CIEN - news), Sycamore
Networks (NASDAQ:SCMR - news), Corvis (NASDAQ:CORV - news)
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