Corvis Corporation (CORV) Message Board

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Technology Stocks : Corvis Corporation (CORV)

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To: Daniel Simon who wrote (1286)	1/30/2002 5:27:21 PM
From: The Ox	Read Replies (2) of 2772

From my memory (so anyone should feel free to correct any mis-statements) Corvis recently stated that they expected to have about $500 million in cash at the end of 2002 based on current estimates for 2002's "cash burn rate". Today's $90 Million deal in stock should bring the number of outstanding shares issued to somewhere near 400 million. With these issues in mind, I wouldn't use $2/share as a basis for cash, I would use a figure of about $1.25/share as a "comfortable" number when trying to put a value on the company. For what it's worth..... mh

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