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Technology Stocks : Corvis (CORV)
CORV 0.4200.0%May 27 5:00 PM EST

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To: SemiBull who wrote (282)1/7/2002 7:51:14 PM
From: SemiBull   of 325
 
Corvis Corporation Names Lynn Anderson Chief Financial Officer

COLUMBIA, Md., Jan. 7 /PRNewswire/ -- Corvis Corporation (Nasdaq: CORV - news), a leading provider of intelligent optical networking solutions, announced that it has named Mr. Lynn Anderson Senior Vice President and Chief Financial Officer.

``We are delighted to welcome Lynn to Corvis,'' said Dr. David Huber, President and CEO, Corvis. ``He comes to Corvis with over 18 years of experience in financial management and has an in-depth knowledge of international finance, strategic alliances and the communications industry.''

Lynn Anderson succeeds Anne Stuart, who has taken an executive position with a Maryland-based biotech company.

``During her time at Corvis, Anne played a key role in managing Corvis through its initial public offering and developing the company's infrastructure,'' Dr. Huber continued. ``We thank Anne for her contributions, and wish her success in her future endeavors.''

Prior to joining Corvis, Lynn was Chief Financial Officer of the Optical Capital Group, a technology investment firm focused on communications technologies. Lynn has also held a number of executive positions with General Electric and GE Capital. His experience with the General Electric Company included assignments in the United States and Asia. From 1996 to 1999, he served as Chief Financial Officer for GE Capital Technology Management Services and he was Chief Financial Officer of GE Capital -- Indonesia. Mr. Anderson earned his MBA from the University of Texas and his BS degree from Kansas State University.

About Corvis

From point-to-point links to all-optical networks, Corvis Corporation delivers innovative optical network solutions that drive carrier profitability faster than any other vendor. Corvis continues to demonstrate optical leadership with numerous industry firsts, including the first and only commercial all-optical network and integrated all-optical solution, the first to transmit over 6000 km without costly electronic regeneration and first to deploy Raman amplification commercially. Corvis' innovative solutions enable carriers to provision new wavelength-based services rapidly and to tailor dynamic service level agreements for rapid revenue generation. Corvis' future-ready product portfolio solves carrier network challenges with scalable, robust solutions that reduce capital and operating expenditures. With offices across North America and Europe, Corvis operates Research and Development centers of excellence at its global headquarters in Columbia, Maryland, and in Lannion, France. For more information, call Corvis at 443/259-4000 or visit www.corvis.com .

Corvis and the Corvis logo are trademarks and/or service marks of the Corvis Corporation. All other trademarks are the property of their respective owners.

Note: This announcement contains certain forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially from those currently anticipated as a result of a number of factors, including, but not limited to, the risks and uncertainties discussed under ``Risk Factors'' and ``Management's Discussion and Analysis of Financial Condition and Results of Operations'' in the Company's filings with the Securities and Exchange Commission.

Corvis Public Relations Contact:
Keira N. Shein
(443) 259-4006
Fax: (443) 259-4798
PR@corvis.com
Corvis Investor Relations
Andrew G. Backman
(443) 259-4600
Fax: (301) 310-3134
investorinformation@corvis.com
SOURCE: Corvis Corporation
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