Corvis Corporation (CORV) Message Board

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Technology Stocks : Corvis Corporation (CORV)

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To: FJB who wrote (826)	5/7/2001 1:41:18 PM
From: SouthFloridaGuy	Read Replies (2) of 2772

Nope, I don't get it. My resume is a shame, I have no knowledge of anything in finance. Today VLO bought UDS for almost $4 billion, or 125% of CORV's current valuation. Friday, UDS was trading at the following: Market Capitalization $2.91B Annual Dividend (indicated) $1.10 Dividend Yield 2.68% Sales (ttm) $17.6B EBITDA (ttm*) $1.07B Return on Assets (ttm) 9.40% Return on Equity (ttm) 30.62 CORV might never see figures like this, yet on Friday it traded at a valuation higher than UDS - a well known established company. In fact, JNPR doesn't see numbers like this and has a market cap of $19 billion. Still a long way to go down for these overvalued tech stocks - long, long, long way. Stocks are companies, not gambling devices, and as companies their valuations should be based on earnings and cash flow, not hope and glory.

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