Corvis Corporation (CORV) Message Board

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Technology Stocks : Corvis Corporation (CORV)

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To: The Ox who wrote (1295)	1/31/2002 8:34:50 AM
From: minorejoy2000	Read Replies (1) of 2772

From US Bancorp... Conrad W. Leifur, CFA, Senior Research Analyst Corvis Corporation (CORV – $2.18 - #) Rating: Market Perform; Volatility: High Curious Sense Of Timing Key Points: Corvis announces acquisition of Dorsal Networks, a start-up developing turnkey undersea optical network solutions, for $90 million in stock. Deal expected to close in Q2 02 No revenue contribution expected until 2003; shares issued will dilute current shareholders 11% Despite significant longer term opportunity, timing of acquisition seems curious in light of undersea capacity glut and immaturity of Dorsal’s solution.

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