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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/26/2001 5:55:54 PM
From: besttrader	of 37746

MORE on CORV just appeared! --> Corvis (CORV) 7.89 -0.45: -- Update -- On call, company sees Q2 revenues in $50-70 mln range relative to current $67 mln consensus and close to Q1 revenues when WCG field trial revenues are excluded; still believes it can achieve FY01 revenues of $315-325 mln and reach profitability by the first half of 2002. Also says it is comfortable with the lower end of analyst EPS estimate ranges for Q2 loss of $0.05-0.08 and for FY01 loss of $0.18-0.25. Finally, reduces gross margin target below prior 35-40% range; now hints at 30%; cites pricing pressure. Exodus Comms (EXDS) 9.03 -0.80: -- Update -- On conference call, company says price increase announced a month ago has held, but "we will compete for a deal, if needed." ...."we are winning against Loudcloud"...EXDS expects enterprises to do more outsourcing in the future....stock trading at 9.15.

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