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Technology Stocks : Corvis Corporation (CORV)

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To: The Ox who wrote (1825)11/13/2003 3:24:25 PM
From: The Ox  Read Replies (1) of 2772
 
rbcpa.com



November 10, 2003 10:00 PM



Current analysis did a report today on Corvis. They basically think that Corvis dropped the ball big time. They sited all the reasons we already know. They blame mismanagement, bad decisions and Dorsal acquisition for wasting resources. The article mentions that Cincinatti Bell is a customer going forward for Broadwing. They list Optical Switching Systems as Negative, and WAN DWDM and Aggregate ratings as "very negative". They label Corvis as an emerging 2nd tier with a "negative" vision. they site poor use of capitalization. No surprise, they expect Broadwing to be sole focus going forward. They reel that Sycamore and CIENA should emphasize Corvis deficits as they compete for new business.

Feels that corvis should publicly state their intended future direction as they transform from an optical systems company to a service provider.



This really is nothing new to us, other than having the Current Analysis take. Current Analysis has been negative on Corvis ever since the Broadwing acquisition.
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