Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Corvis (CORV) -- Ignore unavailable to you. Want to Upgrade?

To: Wes Stevens who wrote (149)	7/26/2000 9:31:47 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 325

A few weeks back briefing.com listed both comdisco & roctest as alternate ways to play Corvis. Roctest is listed on the Toronto exchange. As with most foreign stocks they also have an OTC foreign pink sheets listing. Merry

To: Wes Stevens who wrote (149)	7/26/2000 9:33:21 PM
From: ms.smartest.person	Respond to of 325

Corvis IPO could be bonanza for Montreal company By Leo Valiquete Business Media Network It's all a matter of knowing which basket to put your eggs in, the story of a small Montreal company called Roctest suggests. Roctest is an instrumentation company traded on the TSE. It manufactures products for making measurements during the construction of bridges and tunnels, including sensors used in massive projects such as the Three Gorges Dam in China. It has about $4 million (figures in U.S. dollars) in quarterly revenue. By the end of 1999, Roctest's market capitalization was $16 million. In June, the company's value was about $105 million. That may be about to change in a big way. In the middle of 1999, Roctest sold a company called Kromafibre to start-up Corvis for what will be the equivalent of 1.3 million common shares of Corvis. At the time, Roctest valued Kromafibre at only CDN$1.5 million. Columbia, Md.-based Corvis develops all-optical networks. On June 19 it announced an IPO of 27.5 million common shares for $13 to $15 a share. Corvis will have approximately 334.9 million shares outstanding after the offering. Corvis's backers include Cisco Systems Inc. and has two customers: Broadwing Inc.'s Broadwing Communications Services Inc. and Williams Communications Group Inc. Both companies have agreed to buy $200 million in Corvis technology over two years subject to field trials. On July 28, the Corvis IPO hits the markets at an expected share price of $28 to $30. That means Roctest's shares could suddenly be worth about $39 million, about CDN$60 million, almost half the value of the company. "It's far more than expected by even the most optimistic people here," said Jean-Francois Charland, Roctest's VP of finance. Charland said the company is still reviewing its options in light of this potential bonanza. Its Corvis shares will be locked for six months after the IPO. Roctest can sell only about 10% of the shares after 60 days. Roctest will use that time to consider what to do with the profits, Charland said. ottawabusinessjournal.com