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Pastimes : Home on the range where the buffalo roam
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To: Venkie who wrote (12172)1/21/2004 12:02:25 PM
From: im a survivor  Read Replies (1) of 13815
 
9:01AM CORV: Valuation reasonable, significant share gain opportunity -- TWP 3.00: Thomas Weisel is transitioning coverage on Corvis with a Peer Perform rating. While firm is cautious on the IXC space in general, it is MORE POSITIVE on Corvis for several reasons: Significant share gain opportunity; improving operating cost structure (likely to reach cash flow positive in 1H04); strong balance sheet ($328 mln in cash and no debt); valuation reasonable (in-line with peer group).
-FROM BRIEFING IN-PLAY 1/21/2004
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