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Technology Stocks : Corvis (CORV)
CORV 0.4200.0%May 27 5:00 PM EST
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To: james-rockford who wrote (310)2/26/2003 5:20:28 PM
From: The Ox   of 325
 
While the float might be 285 Million shares, they have 408 Million shares outstanding (including options). They generated less than $0.05/share in revenue in 2002. This is about running a company and using shareholder money to pay for one man's vision (including paying the company's employees). This is not about creating shareholder value or a return on shareholder's investments, no matter what Dr Huber says. 2 years ago it was painfully obvious that the long haul market had disappeared and that the concept Dr Huber had been touting was a nice dream for the future but not a reality of the present. Billions of dollars in losses later, it seems to this observer that the company still won't admit these issues are real. The actions taken by the company have totally failed to generate interest or income.

Maybe in a few years, if Dr Huber can keep this company from collapsing, there might be "something tangible" that comes out of all the R+D and spending. Over 700 hundred million dollars spent on "restructing" alone these past couple of years for what? I just don't get it. The market doesn't get it either. I still wish the company the best but it's painfully obvious that luck has nothing to do with the company's dismal performance.

It has come down to a lack of proper guidance from the top, that's the way I see it. The man with the vision has let his vision cloud the realities of running the everyday operations and his "holy grail" search has caused nothing but pain for everyone involved, with very few exceptions. Top heavy, huge R+D, poor vision and no end user market for their products.

Sad.

jmo,
Michael
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